First Mandarin Oriental Hotel in Beijing Opens at WF CENTRAL

BEIJING,March 18,2019 --Hongkong Land today announced the completion of its prestigious WF CENTRAL premium lifestyle retail destination,located in the capital city's historic Wangfujing area,with the opening of Mandarin Oriental Wangfujing,Beijing. Executives from Hongkong Land and Mandarin Oriental Hotel Group celebrated the occasion with a ribbon-cutting ceremony at the new hotel,Mandarin Oriental's first hotel in Beijing.

Seamlessly connected with WF CENTRAL,the hotel features 73 rooms and suites which are among the largest in Beijing. The rooms are designed with a contemporary residential style combined with subtle traditional Chinese elements,an array of luxury amenities and expansive,spa-like bathrooms. Many rooms have superb views towards the Forbidden City. The hotel is also home to stylish restaurants and bars,including the signature Mandarin Grill + Bar,casual dining restaurant Cafe Zi,and the sleek,sophisticated MO Bar-- all of which have direct access to an expansive rooftop garden terrace.

Those seeking rejuvenation in the heart of the city may visit The Spa at Mandarin Oriental Wangfujing,Beijing,which offers a range of curated wellness and beauty treatments as well as a 25-metre indoor lap pool with natural light and a comprehensive gym.

"Since its opening in May 2018,WF CENTRAL has been playing a crucial role in the redevelopment of the historic Wangfujing area of Beijing into one of the city's premium lifestyle retail destinations," said Mr Raymond Chow,Executive Director of Hongkong Land. "The opening of Mandarin Oriental Wangfujing,completes our work and exemplifies this strategy,as we are bringing Mandarin Oriental's legendary hospitality together with a compelling mix of retail and dining,all nestled within one of the world's most important and historic cities."

Mr Richard Baker,Chief Relationship Officer,Mandarin Oriental Hotel Group,said,"Mandarin Oriental is delighted to partner with Hongkong Land in the creation of Mandarin Oriental Wangfujing. This is our third successful collaboration and we are immensely proud to be part of WF CENTRAL,Beijing's preeminent lifestyle retail destination. We look forward to introducing the Group's legendary hospitality to China's capital and to welcoming guests through our doors."

WF CENTRAL,Hongkong Land's flagship development in Beijing,is a US$1.2 billion retail-led project designed to be the city's premier shopping and lifestyle destination. It is also expected to be a major contributor to the transformation of Beijing's historic Wangfujing area into a hub for retail,dining and business. The complex has a total gross floor area of more than 150,000 sq. m.,including 43,000 sq. m. of retail space that hosts an exciting,diverse mix of tenants according to five core categories: "Luxury","Fashion","World-class Gastronomy","Lifestyle & Wellness" and "Art & Culture".

For more information on Mandarin Oriental Wangfujing,please visit http://www.wfcentral.cn/en/index.php?m=content&c=index&a=lists&catid=15.

Shirley Lam,General Manager,China Commercial Property of Hongkong Land; Raymond Wong,Executive Director of Hongkong Land; Raymond Chow,Executive Director of Hongkong Land; Robert Wong,Chief Executive of Hongkong Land; Vivienne Tam,prominent fashion designer; Chen Man,renowned photographer,visual artist; Mark Pu,Shareholder of Wangfu Central Real Estate Development; Richard Baker,Mandarin Oriental and Mark Bradford,Mandarin Oriental Wangfujing,Beijing

The opening of Mandarin Oriental Wangfujing,marks the completion of Hongkong Land’s prestigious WF CENTRAL premium lifestyle retail destination.

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 Greater 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.

WF CENTRAL

WF CENTRAL is Hongkong Land's leading premium lifestyle retail centre in China. Located in Wangfujing,the commercial and political heart of Beijing,the complex is built to a design and scale that both respects and revitalises the historic fabric of the area. WF CENTRAL occupies a prime site of approximately 21,000 sq. m. on Wangfujing Street in Dongcheng District,providing the community with a total of 150,000 sq. m. of gross floor area that includes 43,000 sq. m. of retail space as well as the 73-room Mandarin Oriental Wangfujing,Beijing.

Bringing together an unparalleled range of Luxury,Fashion,World-class Gastronomy,Lifestyle & Wellness,and Art & Culture experiences,WF CENTRAL offers a new yet authentic Beijing lifestyle experience,providing visitors with the opportunity to find inspiration,enjoy culture and be part of a new global perspective.

WF CENTRAL is just a stone's throw away from the Forbidden City and the central business district of Beijing. It provides 660 carpark spaces and is well served by the capital's public transportation and metro networks.

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