(Hong Kong, June 24, 2013) Hang Lung Properties Limited (HKSE stock code: 101) is proud to announce that the Company has been honored as the “Icon on Corporate Governance” at The Best of Asia – Corporate Governance Asia Recognition Awards 2013. The awards are presented by Corporate Governance Asia, a renowned publication specializing in corporate governance issues in the region.

Mr Philip Chen, Managing Director of Hang Lung Properties, has also been named a top winner in the Asian Corporate Director Recognition Awards 2013 hosted by the publication.

Hang Lung Properties firmly believes that measuring up to its own meticulous standards is the best way to ensure that the Company lives up to its motto of “We Do It Right”. It speaks volumes for the Company’s visionary principle that forms the core of everything it undertakes and the values it holds dear in doing business.

The accolades are a resounding vindication of Hang Lung Properties’ commitment to high standards of corporate governance and its pursuit of practices, procedures and policies that serve the best interests of its principal stakeholders, namely shareholders, staff, customers and the community.

Good corporate governance demands a broad and long-term perspective on what is needed for sustainable development and how to achieve the stated goals. Hang Lung Properties is committed to building its business in full accordance with the solemn undertaking of “We Do It Right” – a pledge that carries great weight throughout the Company.

The Corporate Governance Asia awards recognize the standards of excellence for corporate governance achieved by companies across Asia. They honor in particular superior performance in upholding the rights of shareholders, disclosure and transparency, board and management discipline, independent non-executive directors and investor relations practices, and corporate social responsibility and environmental practices.