(Hong Kong, November 1, 2012) Hang Lung Group Limited (HKSE stock code: 10) and Hang Lung Properties Limited (HKSE stock code: 101) are pleased to announce that they won the Bronze Prize and the Honourable Mention award respectively in the General Category of the 2012 Best Annual Reports Awards competition held by the Hong Kong Management Association (HKMA). This has been the fifth consecutive year that the Hang Lung group of companies has clinched HKMA recognition.

Bearing the theme of “Expanding Horizons” and “Soaring Perspectives”, Hang Lung’s 2011 annual reports presented a comprehensive and clear account of the critical moves taken by the companies during the period under review. The reports also provided insightful discussion of the market environment and the strategic initiatives that have been, or are being, planned and taken in the face of new challenges.

Hang Lung’s annual reports demonstrate a high degree of compliance with financial reporting and accounting standards, the Company Ordinance and the Listing Rules. They also set a superior example for quality information disclosures by corporations, in particular in the areas of corporate governance and corporate social responsibility.

As a Group fully committed to good corporate governance and strong relations with all its stakeholders, Hang Lung attaches great importance to fostering transparency and accountability in a consistent and comprehensive manner. The annual report no doubt plays an indispensable role in these efforts.

The HKMA Best Annual Reports Awards competition has been held annually since 1973 to encourage the publication of accurate, informative and well presented reports and accounts for shareholders, stakeholders, employees and the general public. It recognizes and honors companies and organizations for their achievement in producing such reports.