Hang Lung Group Limited and Hang Lung Properties Limited announced the appointment of Mr. Weber Lo Wai Pak as Chief Executive Officer Designate of both companies with effect from May 16, 2018. Mr. Philip Chen Nan Lok, the current Chief Executive Officer, will retire on July 16, 2018. On the same day, Mr. Chen will be appointed as Adviser to Chairman and re-designated as a Non-Executive Director of Hang Lung Properties.

With effect from July 16, 2018, Mr. Lo will succeed Mr. Chen as the Chief Executive Officer of both companies. Mr. Lo is currently Citi Country Officer & Chief Executive Officer of Citi Hong Kong and Macau and a role which he has served since 2013. He oversees all businesses across the Citi franchise in the two markets serving the Institutional Clients Group and Global Consumer Banking.

He is a member of the Citi Asia Pacific Operating Committee, and also the Chairman of Citibank (China) Co., Limited.