The Boards of Directors (the "Boards") of Hang Lung Group Limited ("HLG") and Hang Lung Properties Limited ("HLP") (collectively the "Group") announced that with effect from October 6, 2021, Mr. CHIU Ka Kui, Kenneth will be appointed as Chief Financial Officer Designate of HLG and HLP. Mr. HO Hau Cheong, an Executive Director and the current Chief Financial Officer of HLG and HLP will retire on March 1, 2022. Mr. Chiu will succeed Mr. Ho as the Chief Financial Officer of HLG and HLP with effect from March 1, 2022.

Mr. Chiu, aged 46, has over 23 years of experience in investment management, corporate finance, and accounting in the Asia Pacific region. Mr. Chiu previously served as the Chief Financial Officer of Gaw Capital Partners, where he headed the finance function from 2013 to 2021.