Five out of Hang Lung’s Ten Mainland Operating Properties are Powered by Renewable Energy

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Green power purchase agreements cover properties in Shanghai, Wuxi, Kunming and Jinan

HONG KONG SAR and SHANGHAI, CHINA – Media OutReach Newswire – 8 April 2024 – Hang Lung Properties (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) announced that half of its operating properties in Mainland have been powered by renewable energy through power purchase agreements since April 1, 2024, solidifying its market leadership in sustainable real estate practices.*

Grand Gateway 66, Shanghai boasts a spectrum of global luxury brands, many of which have made their China debuts, successfully establishing its position as the “Gateway to Inspiration”

These innovative transactions – which draw on wind and solar power – support China’s goals of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060, and demonstrate Hang Lung’s commitment to sustainability leadership. They also align with the Company’s commitment to achieving net-zero greenhouse gas emissions across its value chain by 2050, in accordance with climate science and its Science Based Target initiative (SBTi) target.

Designed to “Bring the Best to Kunming; Showcase the Best of Kunming to the World”, Spring City 66 is Hang Lung’s first development project in Southwest China
www.hanglung.com.