Jardine Matheson : Mandarin Oriental to Expand China Footprint with New Luxury Hotel in Hangzhou

MANDARIN ORIENTAL TO EXPAND CHINA FOOTPRINT WITH NEW LUXURY

HOTEL IN HANGZHOU

Hong Kong, 17 March 2021 -Mandarin Oriental Hotel Group has announced that it will manage a new luxury hotel in Hangzhou, China, scheduled to open in 2025.

Hangzhou is a leading centre of tourism, culture, science and education in the province of Zhejiang, and is undergoing significant expansion and rejuvenation.

Mandarin Oriental, Hangzhou will be part of the Westlake 66 mixed-use commercial and luxury retail complex owned and being developed by Hang Lung Properties. The development will be a leading attraction in the city, located close to the West Lake, an UNESCO World Heritage Site and one of China's primary leisure destinations, with easy access to the city's principal business hubs, Binjiang and Qianjiang.

The hotel will comprise 194 guestrooms and suites as well as four restaurants and bars. Significant meeting and event space will ensure it is well positioned for business and social gatherings.

Extensive spa and wellness facilities will provide a comprehensive range of wellness, beauty and massage treatments, featuring Mandarin Oriental's signature spa therapies. A well-equipped fitness centre and indoor swimming pool will also be featured.

"We are delighted to be part of this exciting project and to be extending the Group's presence in mainland China. This development further reinforces the Group's commitment to building on our existing portfolio in Beijing, Shanghai, Guangzhou and Sanya, along with properties currently under development in Nanjing, Shenzhen and Qianmen, Beijing." said James Riley, Group Chief Executive of Mandarin Oriental. "I am particularly pleased to partner with Hang Lung Properties given their clear commitment to sustainability, aligning with our own sustainability goals and objectives." he added.

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"We are excited to partner with Mandarin Oriental on this important addition to our development portfolio," said Weber Lo, Chief Executive Officer of Hang Lung Properties. "We believe Mandarin Oriental's global reputation for excellence will ensure that this luxury hotel provides an exceptional addition to the vibrancy of the city and compliments our ambitions for Westlake 66 to create a new and dynamic destination in the heart of Hangzhou."

About Hang Lung Properties

Hong Kong-based Hang Lung Properties is one of the region's most eminent real estate developers and increasingly recognised for leading enhanced sustainability initiatives in real estate.

About Mandarin Oriental Hotel Group

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world's most luxurious hotels, resorts and residences. Having grown from its Asian roots into a global brand, the Group now operates 34 hotels and seven residences in 24 countries and territories, with each property reflecting the Group's oriental heritage and unique sense of place. Mandarin Oriental has a strong pipeline of hotels and residences under development, and is a member of the Jardine Matheson Group.

Photography of Mandarin Oriental is available to download in thePhoto Library of ourMedia section, atwww.mandarinoriental.com.Further information is also available on our Social Media channels.

For further information, please contact:

Corporate Office

Shevaun Leach([e-mail]) Global

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Abbey Nayor([e-mail])The Americas

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Angela Cai([e-mail])Asia Pacific

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