Spring City 66, BUILD HANG LUNG BRANDED EXPERIENCE Artist’s Impression for Reference Only

Westlake 66, Hangzhou Heartland 66,

Artist’s Impression for Reference Only REVIEW OF OPERATIONS Our Robust Property Leasing Portfolio

40 Portfolio Key Facts and Figures 49 Mainland China Property Leasing

61 Hong Kong Property Leasing 66 Hong Kong Property Sales and Development 67 Outlook 68 New Projects under Development 72 Major Properties of the Group

Wuxi Wuhan Shanghai Hangzhou

Kunming Fashion Walk Hang Lung Centre Peak Galleria Kornhill Plaza

Hong Kong

Standard Grand Plaza Gala Place Amoy Plaza Chartered Bank Building

Forum 66, Shenyang Palace 66, Shenyang

Shenyang

Riverside 66, Tianjin

Dalian Tianjin Olympia 66, Dalian

Jinan Center 66, Parc 66, Jinan

Wuxi Wuhan Shanghai Heartland 66, Wuhan Hangzhou Under Development Grand Gateway 66, Shanghai

Westlake 66, Spring City 66, Hangzhou Kunming Kunming Under Development Plaza 66, Shanghai

Hong Kong

Commercial Residential & Serviced Apartments Office Hotel 40 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES

Mainland China Property

Brief on Plaza 66, Shanghai Grand Gateway 66, Shanghai Properties Positioned as the Home to Luxury, the Located atop the metro station of the premium five-story mall is home to over 100 global Xuhui district, Grand Gateway 66 showcases prestigious luxury brands, including over 340 top labels and popular brands such as Louis Vuitton, Hermès, Chanel, Dior, Cartier Balenciaga, Chloé, Burberry, Gucci, Jimmy Choo, and more, with many brands making their Tiffany & Co., Zara, Starbucks Reserve Princi debuts on the Mainland or Asia there, Bakery Café and others to fit a contemporary including CELINE (Men’s store) and Pronovias. luxury demographic. The two office towers at Plaza 66 combine The office tower houses numerous world-class a prime location with top-notch design and corporations listed on Fortune Global 500 while premium facilities, attracting prominent the high-end serviced apartments offer more multinational and local corporations, than 600 suites with a luxurious array of private information technology companies and clubhouse facilities that have long been the fashion labels as tenants. residential choice for expatriate executives in global enterprises.

Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area)

% Fashion & Accessories % Food & Beverage % Lifestyle & Entertainment Others % % %

%

% Key Statistics Gross floor area 53,700 122,262 (sq.m.) 159,555 67,223 N/A 83,942 N/A N/A Number of car parking spaces 804 752 Occupancy rate 99% 91% (at year-end) 93% 96% N/A 88% Number of shopping 131 342 mall tenants (at year-end)

Commercial Office Residential & Serviced Apartments Hotel

Hang Lung Group Limited 41

Palace 66, Shenyang Forum 66, Shenyang Situated in the city’s financial hub, Palace 66 Located at the core commercial area in showcases over 240 popular brands that span Shenyang, Forum 66 is a luxury-led specialty across fashion, leisure & entertainment, beauty mall housing globally acclaimed labels like & cosmetics, food & beverage and more, acting Chanel, Cartier, Christian Louboutin, Valentino, as the nexus of the young and trendy Lanvin and Piaget, as well as cosmetics consumers. Tenants include Air Jordan, adidas, specialty store, boutique supermarket, upscale UNIQLO and more. cinema, global cuisine options and lifestyle services. The office tower is currently the tallest office building in northeast China, with numerous multinational corporation tenants under its belt. Being the first hotel in the Company’s portfolio on the Mainland, the newly opened five-star Conrad Shenyang resides on the top 19 floors of the office tower with 315 rooms.

Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area)

% %

%

% %

%

% %

109,307 101,960 N/A 131,723 N/A N/A N/A 60,222 844 2,001 95% 94% N/A 87% N/A N/A 245 145

2019 Annual Report 42 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES

Mainland China Property

Brief on Parc 66, Jinan Center 66, Wuxi Properties As one of the largest and most prestigious Located in the most prosperous commercial malls in Jinan, Parc 66 is a contemporary district in downtown Wuxi, the mall is the lifestyle hub offering over 350 stores of various “Center” of luxury featuring close to 200 quality genres, including global luxury, chic fashion, retail stores with a line-up of global luxury children’s education and amusement, upscale labels including Gucci, Burberry, Salvatore cinema, boutique supermarket and international Ferragamo, Montblanc and more, while the gourmet. two office towers at Center 66 are home to a number of multinational corporations looking for impeccable design and premium facilities.

Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area)

Fashion & Accessories %  % % Food & Beverage % Lifestyle & Entertainment Others

% % % Key Statistics % Gross floor area 171,074 118,066 (sq.m.) N/A 137,699 N/A N/A N/A N/A Number of car parking spaces 785 1,292 Occupancy rate 98% 95% (at year-end) N/A 65% N/A N/A Number of shopping 380 198 mall tenants (at year-end)

Commercial Office Residential & Serviced Apartments Hotel

Hang Lung Group Limited 43

Riverside 66, Tianjin Olympia 66, Dalian Strategically located in the heart of Tianjin’s At the commercial hub of Dalian, Olympia 66 Haihe Central Business District, Riverside 66 is features prestigious local and international the trend-setting lifestyle destination with over labels of fashion and accessories, jewelry and 250 international and local brands that offer a watches, beauty and digital products, as well as full-fledged modern consumer experience of a stunning array of global culinary delights, shopping, dining, leisure and entertainment. advanced international entertainment and leisure facilities, a dynamic family zone and an innovative range of sports sites. The mall also has an ice-skating rink and the city’s first Palace Cineplex cinema.

Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area)

% % % %

% %

% %

152,831 221,900 N/A N/A N/A N/A N/A N/A 800 1,214 89% 82% N/A N/A N/A N/A 256 327

2019 Annual Report 44 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES

Mainland China Property

Brief on Spring City 66, Kunming Properties As the Company’s first development project in the southwest region of mainland China opened in August 2019, Spring City 66 is home to a portfolio of prestigious international and local brands, offering a comprehensive suite of premium experiences in shopping, dining and entertainment. With accessible location and quality suite of facilities and services, the office tower sets the new benchmark for the city and is a preferred choice among multinational corporates and leading domestic firms like Ernst & Young, Schneider, Haitong Securities and others.

Commercial Segment Distribution (by Leased Floor Area)

Fashion & Accessories % Food & Beverage % Lifestyle & Entertainment Others

% % Key Statistics Gross floor area 166,754 (sq.m.) 167,580 N/A N/A Number of car parking spaces 1,629 Occupancy rate 82% (at year-end) 13% N/A Number of shopping 228 mall tenants (at year-end)

Commercial Office Residential & Serviced Apartments Hotel

Hang Lung Group Limited 45

Hong Kong Property

Brief on Fashion Walk Hang Lung Centre Properties Causeway Bay Causeway Bay Featuring numerous innovative concept stores Offering a wide range of travel, fashion and flagships of renowned global brands, wholesale and medical services, Hang Lung Fashion Walk is a distinctive shopping Centre, a key element of Fashion Walk, is a destination spanning three main local areas, retail and commercial complex enviably situated namely Paterson, Kingston and Food Street, at the heart of Causeway Bay. offering the latest trends in fashion, gastronomy and lifestyle in a magnificent setting.

Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) % Fashion & Accessories % Food & Beverage

Leisure & Entertainment % (including Lifestyle) % Bank Department Store Others

% Key Statistics % Gross floor area 31,072 8,777 (sq.m.) N/A 22,131 7,935 N/A Number of car parking spaces N/A 126 Occupancy rate 97% 100% (at year-end) N/A 89% 89% N/A Number of shopping 87 3 mall tenants (at year-end)

Commercial Office Residential & Serviced Apartments

2019 Annual Report 46 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES

Hong Kong Property

Brief on Peak Galleria Kornhill Plaza Properties The Peak Quarry Bay Ideally located atop the famous attraction in Conveniently located in the east of Hong Kong Hong Kong, Victoria Peak, Peak Galleria is Island atop the MTR Tai Koo Station, Kornhill renowned as a major tourist landmark. Having Plaza is positioned as a community mall serving undergone a major facelift for two years, the nearby residents and workers with the largest mall has now reopened in August 2019 with a Japanese department store in Hong Kong, fresh new look and an enhanced tenant mix. AEON STYLE, with diversified food and beverage Welcoming over 40 new tenants, many making offerings, a cinema with 4DMX technology, and their Hong Kong debuts, including the world’s an all-in-one education hub. first Monopoly-themed pavilion, Monopoly Dreams Hong Kong, 37 Steakhouse & Bar and Mina House from Japan, Candylicious candy store from Singapore, and the popular Nayuki fruit tea and bakery café, Peak Galleria is a must-visit destination for local and tourists alike.

Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) % % % % Fashion & Accessories % Food & Beverage % Leisure & Entertainment (including Lifestyle) Bank % Department Store Others

% Key Statistics % Gross floor area 12,446 53,080 (sq.m.) N/A 10,577 N/A 35,275 Number of car parking spaces 493 1,069 Occupancy rate 91% 100% (at year-end) N/A 100% N/A 56% Number of shopping 45 117 mall tenants (at year-end)

Commercial Office Residential & Serviced Apartments

Hang Lung Group Limited 47

Standard Chartered Bank Building Grand Plaza Central Mongkok A prestigious Grade A building located in the Enviably located right next to the MTR Mong Kok heart of the financial district in Central and Station on Nathan Road, Grand Plaza houses distinguished by its superb architectural design two office towers and a commercial podium. that melds the artistic with the practical – It is home to a stellar line-up of international located adjacent to the MTR Central Station and watch and jewelry brands, concept stores as the interchange station of the Island Line and well as fashion, lifestyle and sports labels. Airport Express railway. With an unrivaled The dedicated dining floor features over 20 accessibility and a superb view of Victoria gourmet dining venues where international Harbour, the Standard Chartered Bank Building cuisine is served in stylish surroundings. The is an ideal office location. Grand Plaza Office Tower 1 showcases the region’s most prominent healthcare centers. It is home to Hang Lung Group and Hang Lung It has further been subtly zoned into beauty Properties and is the headquarters of Standard and semi-retail floors, providing visitors a Chartered Bank (Hong Kong). one-stop leisure and lifestyle experience.

Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) % % %

 %

%

%

4,814 20,905 23,730 31,251 N/A N/A 16 40 85% 100% 100% 92% N/A N/A 2 26

2019 Annual Report 48 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES

Hong Kong Property

Brief on Gala Place Amoy Plaza Properties Mongkok Ngau Tau Kok Located at the junction of Dundas Street and Conveniently located near the MTR Kowloon Bay Nathan Road with affluent footfall, Gala Place Station, Amoy Plaza is an integrated mall in houses a diverse array of merchants. In addition Kowloon East, comprising stores offering trendy to the 4,500-plus-square-foot Starbucks fashions, beauty products and electronic thematic store and the triple-story H&M full- gadgets. Together with more than 40 concept flagship store, the largest in Kowloon, restaurants serving local and international it also showcases an expertly curated portfolio cuisines, the mall offers a full selection of of diversified services and products including lifestyle experiences for nearby office workers chic fashion, outdoor gear, skincare and and residents of Amoy Gardens. cosmetics, lifestyle products, audio and digital gadgets, beauticians, and a home design house as well as a smorgasbord of new and enticing food and beverage offerings, which together transform Gala Place into a hotspot for the trendy and fashionable in Mongkok. It is also equipped with a car park which offers close to 500 car parking spaces, providing a convenient, one-stop shopping experience for customers.

Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) % % Fashion & Accessories % Food & Beverage Leisure & Entertainment (including Lifestyle) Bank % % Department Store % Others

% Key Statistics % Gross floor area 7,454 49,006 (sq.m.) 30,205 N/A N/A N/A Number of car parking spaces 478 620 Occupancy rate 100% 98% (at year-end) 95% N/A N/A N/A Number of shopping 2 253 mall tenants (at year-end)

Commercial Office Residential & Serviced Apartments

Hang Lung Group Limited