Hang Lung : Joint Announcement - Change of Company Secretary

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HANG LUNG GROUP LIMITED	HANG LUNG PROPERTIES LIMITED
(Incorporated in Hong Kong with limited liability)	(Incorporated in Hong Kong with limited liability)
(Stock Code: 00010)	(Stock Code: 00101)

JOINT ANNOUNCEMENT

CHANGE OF COMPANY SECRETARY

The boards of directors (the "Boards") of Hang Lung Group Limited ("HLG") and Hang Lung Properties Limited ("HLP") (collectively the "Group") announce that Ms. Margaret Ka Man YAN ("Ms. Yan") will resign as the Company Secretary of HLG and HLP with effect from May 1, 2021.

Ms. Yan has confirmed that she has no disagreement with the Boards of HLG and HLP, and that she is not aware of any matter in relation to her resignation that needs to be brought to the attention of the shareholders of HLG and HLP.

The Boards of HLG and HLP also announce that Mr. Hau Cheong HO ("Mr. Ho") will be appointed as the Company Secretary of HLG and HLP with effect from May 1, 2021.

Mr. Ho is the chief financial officer and an executive director of HLG and HLP. He joined the Group in 2008 and was appointed to the Boards of HLG and HLP in 2010. Mr. Ho possesses over 30 years of management experience covering a wide range of industries in England, Australia, Hong Kong and Mainland China. He qualified as a chartered accountant in England and Wales and Australia and holds a Master of Business Administration Degree from the University of Melbourne, Australia and a Bachelor of Commerce Degree in Accounting from the University of Birmingham, England.

The Boards would like to express their gratitude to Ms. Yan for her service during her tenure of office.

On behalf of the Board of	On behalf of the Board of
Hang Lung Group Limited	Hang Lung Properties Limited
Weber Wai Pak LO	Weber Wai Pak LO
Chief Executive Officer	Chief Executive Officer

Hong Kong, April 30, 2021

As at the date of this announcement, the Board of Hang Lung Group Limited comprises:

Executive Directors: Mr. Ronnie C. CHAN, Mr. Adriel CHAN, Mr. Weber W.P. LO and Mr. H.C. HO

Non-ExecutiveDirectors: Mr. Gerald L. CHAN, Mr. George K.K. CHANG and Mr. Roy Y.C. CHEN

Independent Non-ExecutiveDirectors: Mr. Simon S.O. IP, Prof. P.W. LIU, Prof. L.C. TSUI and Mr. Martin C.K. LIAO

As at the date of this announcement, the Board of Hang Lung Properties Limited comprises:

Executive Directors: Mr. Ronnie C. CHAN, Mr. Adriel CHAN, Mr. Weber W.P. LO and Mr. H.C. HO

Non-Executive Director: Mr. Philip N.L. CHEN

Independent Non-ExecutiveDirectors: Mr. Nelson W.L. YUEN, Mr. Dominic C.F. HO, Dr. Andrew K.C. CHAN, Prof. H.K. CHANG and Ms. Anita Y.M. FUNG