(Hong Kong, March 21, 2014) Hang Lung Group Limited (HKSE stock code: 10) and Hang Lung Properties Limited (HKSE stock code: 101) today published their annual reports for the 2013 financial year running from January 1 through December 31.

The reports describe the progress the companies have made during the year, using iconic representations of timeless design classics. These symbols stand for the care and quality that go into all of Hang Lungs world-class buildings and the unparalleled value the companies have delivered to their shareholders, tenants and customers.

"We Do It Right" continued to be a guiding force for the companies during the year. Through the reports, Mr Ronnie C. Chan, Chairman of Hang Lung Group Limited and Hang Lung Properties Limited, has once again clearly articulated the key achievements of the companies, their strategic initiatives and prospects.

Mr Chan spends a considerable part in his letter to shareholders talking about the rapid development of e-commerce in the Chinese market. He reiterates the companies insistence on maintaining the four competitive advantages, namely top location, adequate size, superior design and high quality of construction. These widely recognized attributes make the companies well equipped to face the challenges brought about by e-commerce as well as the relatively moderate economic growth currently seen on the Mainland.

Mr Chan also reveals that much effort has been made in recent years to strengthen and expand the companies management team in terms of quantity and quality. He is pleased to record that this initiative has started to bear fruit. More will continue to be done to build a corporate culture in order to supplement the systems and the people to meet the needs of the expanding portfolio.

The highlight for the companies in 2014 will be the grand opening of another world-class project, Riverside 66 in Tianjin, in the third quarter. Leasing at the mall is progressing well and commitments from anchor tenants and international brands have been secured. Anticipation has begun to grow among tenants, consumers, the media as well as the local government over the prospects for this new iconic landmark in Tianjin.

The FY2013 annual reports are now available for downloading from the Hang Lung corporate website at www.hanglung.com.

Hang Lung Group
http://www.hanglung.com/HLGAnnualReport2013/index.html

Hang Lung Properties
http://www.hanglung.com/HLPAnnualReport2013/index.html