(Hong Kong, October 29, 2014) Hang Lung Properties Limited (HKSE stock code: 101) is proud to announce that it received two awards at the 10th Corporate Governance Asia Recognition Awards – The Best of Asia 2014 organized by Corporate Governance Asia, a renowned publication that focuses on promoting good corporate governance across the region.

Hang Lung Properties was named a winner of the “Asia’s Icon on Corporate Governance” award, which recognizes companies throughout Asia that adhere to best practices in corporate governance. In addition, Mr. Philip Chen, Managing Director of Hang Lung Properties, was named a winner of the “Asian Corporate Director Recognition Award” for the second year in a row.

Both awards are demonstrations of Hang Lung Properties’ steadfast commitment to living up to its motto of We Do It Right. With its emphasis on responsible corporate governance and professional management, the Company strives to achieve and sustain the highest standards of excellence in every aspect of its business, and to create unparalleled value for its stakeholders.

“Effective corporate governance requires more than just compliance with legislative and regulatory requirements but commands a broader scope to cover the relationships among the many stakeholders involved and the goals for which a corporation is governed. It must evolve and adapt to fit an ever-changing business environment and society’s increasing expectations. At Hang Lung, we believe that measuring up to our own meticulous standards is the best way to ensure that We Do It Right. ” said Mr. Philip Chen, Managing Director of Hang Lung Properties.

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.