Hongkong Land celebrates strategic milestone with the opening of "The Ring, Chongqing", a new "urban-nature community" development

CHONGQING,China,April 24,2021 -- Hongkong Land today celebrated the official launch of "The Ring,Chongqing",its inaugural lifestyle retail series. As the Group's first wholly-owned commercial development project in Southwest China,"The Ring,Chongqing" will enhance Chongqing's Liangjiang New Area and reshape the makeup of the city's retail scene,underpinned by its innovative,holistic offering,which aims to set a new benchmark for urban-nature living.

The opening of “The Ring,Chongqing”,a new “urban-nature community” development.

“The Ring,Chongqing” is Hongkong Land’s inaugural lifestyle retail series. It is a seven-level shopping mall with some 74,000 sq. m of net leasable area.

“The Ring,Chongqing” houses a 7-storey,42-metre-tall indoor botanical garden,sports and culture-themed interactive spaces.

Mr Robert Wong,Chief Executive of Hongkong Land,said,"With more than a century of expertise and experience in developing and managing best-in-class commercial and residential properties across Asia,Hongkong Land strives for continual innovation,with fresh offerings to cater for the ever-changing needs of today's tenants and customers. Our established 'Central' series have been created to inspire a luxury lifestyle,while the brand-new retail series 'The Ring',aspires to define the future of retail and commercial developments,combining nature with urban living."

Mr Ling Chang Feng,Executive Director,China Property of Hongkong Land,"Underlining our passion for innovation,the design of the properties in Hongkong Land's portfolio are based on sustainable principles. 'The Ring,Chongqing' —together with Yorkville,the Group's high-end residential development in the neighbourhood—will offer the local community a new regional hub for living and business. Designed to showcase the success of our 'urban-nature community' concept,it will serve as a pioneering model which we will roll-out to other cities on the Chinese mainland in the future."

"The Ring,Chongqing" is a seven-level shopping mall with some 74,000 sq. m of net leasable area. The importance of local heritage is accentuated through collaboration of "The Ring" with the Chongqing Bureau of Geology & Mineral Exploration and Development. Its 7-storey,coupled with its sports and culture-themed interactive offerings,will break traditional space limitations and bring people together with nature.

Hongkong Land today also celebrated the official opening of "Kidzplorer",Hongkong Land's latest breakthrough STEAM (Science,Technology,Engineering,Arts,and Mathematics) orientated parent-child amusement space,based around the concept of edutainment. For details,please refer to its press release.

The Ring,Chongqing

Inaugurated in Chongqing,"The Ring" is a lifestyle retail series developed by Hongkong Land,a major listed property investment,management and development group. "The Ring,Chongqing" is conveniently located on the Chongguang Station of Chongqing Metro Lines 5 and 15 in the Liangjiang New Area's Jinzhou Business District. Located next to Yorkville,a high-end residential development by Hongkong Land bordering the Zhaomushan Forest Park,it boasts convenient transportation,with direct access to Jinzhou Avenue and Huangjue East Road.

"The Ring,Chongqing" innovatively combines urban living and the beauty of nature in one space. Its four core values — "Organic,Respectful,Inspiring and Magnetic" — as well as spreading its brand philosophy of "Living Mall Living More," so as to provide customers with new diversified experiences. It is a seven-level shopping mall with some 74,000 sq. m of net leasable area.

Hongkong Land

Hongkong Land is a major listed property investment,management and development group. Founded in 1889,Hongkong Land's business is built on excellence,integrity and partnership.

The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities,principally in Hong Kong,Singapore,Beijing and Jakarta. Its properties attract the world's foremost companies and luxury brands.

The Group's Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures,a luxury retail centre at Wangfujing in Beijing,and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high quality residential,commercial and mixed-use projects under development in cities across China and Southeast Asia. In Singapore,its subsidiary,MCL Land,is a well-established residential developer.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange,with secondary listings in Bermuda and Singapore. The Group's assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

For further information,please contact:

Hongkong Land

Jennifer Lam +852 2842 8222 jennifer.lam@hkland.com

Charles Ngai +852 2842 8541 charles.ngai@hkland.com

Golin

Maxson Tsang +852 2501 7907 mtsang@golin.com

Katherine Ng +852 2501 7925 kng@golin.com