Revenue of RMB1,093 Million and Net Profit of RMB269 Million Interim Dividends of HK17 Cents Per Share

HONG KONG, CHINA – Media OutReach – 19 August 2020 – China Lilang
Limited (“China Lilang” or the “Company”, together with its subsidiaries,
known as the “Group”; stock code: 1234) has today announced its 2020 Interim
results.

Results Highlights

• Revenue amounted to RMB1,093 million
• Net profit amounted to RMB269 million
• Earnings per share were RMB22.5 cents
• Total interim dividends of HK17 cents per share
• Total retail sales target for the second half of the year remains at no less than mid-single-digit growth

Mr. Wang Dong Xing, Chairman and Executive Director
of China Lilang, said:

“As
the novel coronavirus pandemic (the “Pandemic”) started to ease in March,
apparel retail stores in China gradually resumed business. Noticing that consumers
are paying more attention to the convenience and safety of shopping, the Group stepped
up its efforts to promote e-commerce business, driving online retail sales to increase
substantially for the period. The Group also continued to optimize its physical
retail store network and adhere to the strategy of providing products of
excellent value-for-money to ensure that its product design and quality would
gain the favor of customers.”

For the six months ended 30 June
2020, revenue of the Group amounted to RMB1,093 million, down by 29.0%. Profit
from operations decreased by 34.0% to RMB307 million. Net profit was down by 30.8%
to RMB269 million. Earnings per share were RMB22.5 cents, down by 30.8%.

The Group has maintained a
healthy financial position and expects that operating cash flows would be
improved in the second half of the year. The Board of Directors has resolved to
distribute payment of an interim dividend of HK12 cents (2019 interim: HK18
cents) per share and a special interim dividend of HK5 cents (2019 interim: HK8
cents) per share, once again maintaining a relatively high payout ratio.

During the period under review,
China Lilang adopted active measures against the challenges brought by the Pandemic.
Although retail stores had gradually resumed business since March, it would
take some time for the traffic of physical stores to recover. To alleviate the
impact of the decline in consumer traffic of physical stores on retail sales
and also the distributors, the Group stepped up its efforts to promote
e-commerce business by increasing online advertising activities to boost e-commerce
traffic and organizing online sales promotion, driving up online retail sales
by more than 1.5 times as compared to the same period last year. Sales by the
physical stores to VIP customers via the customer relationship management
system on the WeChat platform also increased.

Meanwhile, China Lilang continued
to optimize its physical retail store network by closing some underperforming stores
and opening stores in carefully selected high quality shopping malls to
increase store sales. During the period, the number of retail stores decreased
by 98 to 2,717. There were 768 stores in shopping malls, representing 28% of total
store count and 31% total retail area. There were 268 stores for the smart casual
collection.

To ensure the channels healthy,
the Group adopted active measures to support distributors in alleviating
inventory pressure. In addition to extending credit period granted to
distributors, the Group cancelled some of the spring and summer orders and
reduced products of the fall collection as planned to facilitate the destocking
of the spring inventory in the second half of the year. The Group also strictly
controlled the pre-order levels of the 2020 fall and winter trade fairs held in
the second quarter to reduce the risk of further inventory backlog.

For brand management and
promotion, the Group launched a number of IP crossover series and carried out
promotional campaigns to complement the launches in the 2020 spring and summer
season. In particular, to promote the launch of the LILANZ × CHINA DAILY
crossover products, the Group commissioned a number of influencers to showcase
the new products on various online platforms such as Tik Tok, Xiaohongshu.com,
Weibo and Douyu.com, attracting market attention and enhancing brand value.

Looking forward, maintaining the
channels healthy and reducing inventory to a reasonable level will be a focus
for the second half of the year. In addition to clearing inventories via online
stores and the outlet sales event held in the headquarters at year end, the
Group has reduced products for the 2020 fall collection to facilitate the destocking
of the 2020 spring products in the second half of the year. It has also reduced
the pre-order levels of the 2020 fall and winter trade fairs and prepared
sufficient production capacity to cope with additional orders, thus reducing
the risk of further backlog of inventory.   The Group will
also add stores in outlet malls to
accelerate inventory clearance.  Furthermore,
the Group will continue to monitor the inventory level through the ERP system,
and targets to reduce inventories to a more reasonable level through the
aforementioned measures and organizing appropriate promotional and marketing
events when necessary.

The Group remains cautious in
expanding its store network in the second half of the year and expects that the
total number of stores by the end of 2020 will be largely the same as that at
the end of 2019. In addition to opening stores in outlet malls as planned, the
Group will continue to encourage distributors to open more stores in premium
shopping malls. However, it is expected that some stores with low profitability
will be closed.

With respect to the smart casual
collection, as disclosed in the 2019 annual report, the Group would replace the
consignment model with a direct-retail model to strengthen inventory management,
market expansion, brand marketing and training of retail personnel. On 1 July
2020, 228 existing stores of the smart casual collection have been converted to
direct-retail model. Other 40 stores will continue to be operated by distributors,
and some of which are expected to be closed when the existing sales agreements
expire.

Regarding the new retail and
brand promotion, the Group will continue to conduct brand advertising and
promotion on Baidu, Weibo, Tik Tok, and other portals and will organize various
promotional sales events to attract more traffic to the online stores. The
Group will launch a number of crossover collections in the second half of the
year, including crossover products with American graffiti artist Jean Michel
Basquiat. The Group has also appointed a new brand ambassador and will start a
new round of brand promotion in the fourth quarter. The store image upgrade for
the core collection will be undertaken in stages. In 2020, the plan for rolling
out the seventh-generation store image to existing stores will be adjusted to
cover 10 to 20 stores. Different decorative materials will be used subject to
different market positions of the stores to achieve a better cost efficiency.

The renovation work of the new
headquarters in Fujian had been suspended early this year due to the Pandemic.
The work has now been resumed. It is expected that the headquarters will begin
operation in the beginning of next year and hopefully the 2021 fall trade fair
could be held there. Phase I of the new logistics park is still targeted for
opening in late 2021.

Chairman Wang Dong Xing concluded:

“Sino-US trade issues remain
unresolved while the Pandemic fluctuates, adding uncertainties to the global
economy. China’s retail market will also be affected. As a well-established
menswear enterprise, China Lilang has distinctive advantages in areas such as
products, retail management, cost control, and financial position. The Group
will continue to improve operating efficiency, inventory management, e-commerce
business and brand promotion, and is confident that it will continue to
outperform other industry peers. The target total retail sales growth of LILANZ
products for the second half of the year remains at no less than
mid-single-digit.”

About China Lilang

China Lilang is one of the leading PRC menswear
enterprises. As an integrated fashion enterprise, the Group designs, sources
and manufactures high-quality business and casual apparel for men and sells under
the LILANZ brand across an extensive distribution network, covering 31
provinces, autonomous regions and municipalities in the PRC.

• A provisional patent for the novel DNA
  aptamer and saliva Covid-19 test kit has been lodged
• Codenamed “Gumnuts”, the test is
  extremely low cost, convenient and easy to use, significantly cheaper than
  current RNA and antigen-based test kits
• A world-class international team of scientist
  has been assembled for development and commercialisation
• Clinical trials will commence shortly, with
  a view to commercial availability before the end of 2020.

ZURICH, SWITZERLAND – EQS Newswire – 19 August 2020 – Achiko AG (SIX:ACHI, ISIN CH0522213468) is
pleased to announce progress with a non-intrusive and affordable novel Covid-19
test kit, codenamed “Gumnuts”. With the assistance from Australian
intellectual property firm FB Rice (Melbourne), developer Regenacellx.sl
(“RCX”) has filed a provisional patent over the technology. Achiko
holds the exclusive commercialisation rights in exchange for a royalty and
technical advice.

The Company has assembled a world-class internationally recognised team for
the development and commercialisation of Gumnuts. The team is led by Dr Michael
J. Edel (Chief Scientist) and Dr Thomas Pouplin, joined by Dr Jittaporn
Wattanaseree and Dr Joalin Lim. Additionally, a larger science and
commercialisation organisation that spans across Spain, Switzerland, Thailand,
Singapore and Indonesia supports the team.

The planned Gumnuts kit is assembled around DNA aptamers and gold
nanoparticles, combined with a saliva sample, and is proceeding to clinical
trials shortly.

“After a significant number of years, projects and papers on
nanoparticle bio-conjugation, we are now engaging studies on
nanoparticle-aptamer bioconjugates for detection and actuation. What appeals in
aptamers to us is their chemical robustness. This eases their industrial
production while facilitating their use, as they offer longer shelf-life,
tolerance to environmental changes and more stable performance in different
media”, said Dr Victor Pentes, ICREA Research Professor, Institució
Catalana de Recerca i Estudis Avançats, VHIR and ICN2, Barcelona.

The first of many diagnostics planned to use the technology, Gumnuts is
designed to be affordable and convenient. It delivers results in minutes and
the testing experience is comparable to brushing one’s teeth. Sold alone or
combined with Achiko’s pandemic management platform Teman Sehat (“Health
Buddy”), the Company believes that the technology play a crucial role in
resolving the world’s problem with the pandemic.

Gumnuts has several differentiators and advantages over PCR, RT-PCR, LAMP,
antigen and antibody test kits, all of which are currently being used globally.
Current testing approaches may be constrained by reagents (supply chain, shelf
life, etc.) or the required equipment (PCR/RT-PCR machines, trained
technicians, etc.). They are confined in practical use (e.g. time to results,
invasiveness, etc.) and suffer from accuracy issues (e.g. antigen tests) or
high cost due to their structure. In contrast, DNA aptamers are known to be
comparatively stable and may have a shelf life of more than a year at room
temperature. The prospective materials required by Gumnuts may cost less than
USD 1.00, dropping to only be a few cents when mass-produced. This opens up a
realm of possibility for embedding testing in day-to-day applications beyond
the approaches known to date.

“The Covid-19 pandemic has had an enormous impact around the world. To
respond effectively, a precise and fast diagnosis is needed. The current
testing technologies around PCR, antigen, and antibody test have problems such
as the high cost of PCR tests and the time it takes to deliver results.
Antibody tests miss the infection cycle and there are design weaknesses and
reliability problems with antigen testing,” said Dr Abdullah Qayyum,
Epidemiologist, Riau Hospital Supervisory Agency, Indonesia. “Low cost and
effective testing are key elements in responding to the pandemic. Research in
alternative methods is needed now. We are excited to be involved in this
project doing research and testing.”

Clinical trials are set to begin shortly. If the trials prove successful,
large-scale production of the test kit will begin with a view to commercial
availability before the end of 2020. Currently, the Company is selecting
manufacturers as well as distribution partners. It is also continuing
development at a wider range of assay approaches for Covid-19.

“Our novel test kit is a comprehensive offering for government and
industry, seeking solutions to manage their economies, sporting events, travel,
education, etc. We’re excited about and encouraged by the progress with
vaccines. However, the Company believes that testing will be an issue for many
years to come,” says Steven Goh, CEO and Director of Achiko. “Along
with Teman Sehat, our suite of solutions may allow governments and businesses
to move to a broader proactive testing approach covering nearly the entire
population.”

Beyond the initial application of DNA aptamers to the Covid-19 pandemic and
an array of assay formats (electronic, lateral, etc.), the Company is looking
towards diagnostics for dengue, tuberculosis, cancer biomarkers and numerous
other pathogens and believes that in combination with Teman Sehat, the
technology may form the foundation of a diagnostics-as-a-service and telehealth
business.

The issuer is solely responsible for the content of this announcement.

Disclaimer
This communication expressly or implicitly contains certain forward-looking
statements concerning Achiko AG and its business. Such statements involve
certain known and unknown risks, uncertainties and other factors, which could
cause the actual results, financial condition, performance or achievements of
Achiko AG to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Achiko AG
is providing this communication as of this date and does not undertake to
update any forward-looking statements contained herein as a result of new
information, future events or otherwise.

About Achiko AG

Headquartered in Switzerland, with a global market focus, Achiko AG (ISIN
CH0522213468) is an entrepreneurial platform company, utilising the knowledge
and experience of its people and key technologies to enable transformation in
various industries.

Through innovations in technology and regulation along with the company’s
unique operating footprint from Europe to Asia, Achiko seeks to transform
markets and bring unique value to its customers, people, and shareholders.
Achiko’s core platform consists of user registration and payment services which
are accessible to application developers. A messaging service and other
community based social features are being launched in late 2020. Achiko
supports innovations in healthcare through its Teman Sehat (“Health Buddy”)
ecosystem, a novel testing technology being developed with Regenacellx.sl, as
well as consumer payments and finance and games and entertainment.

For any inquiries regarding Teman Sehat or Gumnuts, please contact info@achiko.com

Further information about Achiko AG can be found at https://www.achiko.com

Further information about the Teman Sehat ecosystem can be found at https://www.temansehat.co

Further information about Regenacellx.sl can be found at https://regenacellx.com

For further Information about the research and development team:

– Dr Michael J. Edel, chief scientist ( https://regenacellx.com )

– Dr Jittaporn Wattanaseree ( http://www.thaitect.org/committee/Jittaporn_EN.pdf
)

– Dr Thomas Pouplin ( https://www.tropmedres.ac/team/thomas-pouplin
)

– Dr Joalin Lim, ( https://www.agape-lifess.com/
)

– Prof. Dr Víctor F. Puntes, ( http://www.inorganicnanoparticles.net/about/victor-puntes/
)

– Dr Abdullah Qayyum ( https://www.linkedin.com/in/dr-abdullah-qayyum-091aa475
)

SYDNEY, AUSTRALIA – Media OutReach
– 19 August 2020 – Asian residents struggling to conceive will now have access
to one of the world’s most premium providers of fertility services, especially mainland China that apparently has the world’s largest
population. Australia’s Genea will open its doors in central Bangkok on 14
September, bringing their world class operations and highly accurate genetic
screening techniques to the region.

An increasing demand from Bangkok and Mainland China
residents for access to high-end treatment outside of a hospital, with no
waiting times has resulted in the launch.

Genea Fertility CEO, Dr Tomas Stojanov, said, “For more than 30
years, Genea has been at the forefront of fertility treatment. The instruments
we develop, the success rates we’ve achieved and the embryo biopsy techniques
and subsequent testing we offer, have led to a demand for our services
throughout Asia.”

He added, “We are employing the world’s top embryologists, nurses
and doctors. More couples will have access to our science and care to boost
their chance of fulfilling their dream of a family.”

The brand new, purpose-built clinic will
offer patients access to Genea’s Geri incubation system for which it is most
renowned. The incubator has seen a 24.3% increase in the number of pregnancies
when compared to the traditional incubator and culture medium system* which is
routinely used throughout Asia by all other clinics.

Steven McArthur, Genea Scientific
Director, said that access to Geri presents an additional benefit to patients.
“The
uninterrupted culture system results in more high-grade embryos per cycle. On
average, patients have 26.9% more embryos which can be transferred or frozen
for future use**. The more viable embryos a patient has, the more likely they
are to create their whole family from one stimulated egg collection cycle,
allowing patients to simply return for a frozen embryo transfer.”

The Geri system also facilitates Grow, a revolutionary app that
allows patients to access images and time lapse footage of their embryos
developing in the laboratory. “This is particularly exciting for patients
travelling from China, they can return home yet still feel very connected to the
IVF process in Thailand,” said Mr McArthur. 

As Genea’s strategic partner
in mainland China, We Doctor, the world’s leading digital healthcare
corporation, has recently launched a multi-million-dollar-subsidy initiative
that aims to help fertility patients in China to get proper treatment. Chinese
patients will be entitled to subsidy from We Doctor platform up to RMB 10,000
per person if they eventually get IVF treatment at clinics designated by We
Doctor, including the recently-built Genea clinic in Bangkok.

Treatment options available through the
clinic include:

• Laboratory tests (Blood hormones, including Anti-Mullerian Hormone)

• Ultrasound scans (Pelvic examinations, Follicle scans and Foetal Heart
  scans)

• Semen Analysis

• Semen Freezing
• Egg Freezing
•  IVF/ICSI
• Blastocyst culture

• Pre-implantation genetic screening

• Embryo Freezing
• Egg/Embryo Warming
• Non-invasive Prenatal screening

Genea has extensive experience operating in Bangkok.
For 13 years it owned a share of well-known Superior ART. Fertility Specialist Dr Sasaswimol Preechapornkul has been
engaged by the clinic as Medical Director and will treat patients. Dr Preechapornkul is committed to providing
the best possible care for each individual. “I am passionate about empowering
patients to make informed decisions about their fertility care,” said Dr
Preechapornkul. “I suspect I will be supporting many travelling from outside of
Thailand to access the premium services at Genea. I have extensive experience
in the management of treatment plans for those from outside the country and the
needs of Chinese people in particular.” 

To book an appointment please call the direct line +86 0571-22818299 or follow Genea’s partner We Doctor’s Wechat account at ID: wyyyzj2019 to
speak to one of Genea’s representative.

*Foetal heart
pregnancies. Study performed in Genea’s Canberra laboratory, 2015-2018.

**When compared to the MINC incubator and Gems sequential
media. Study performed in Genea’s Canberra, Wollongong, Liverpool, North West,
RPA and Kent St laboratories, 2015-2019.

About Genea

Genea is one of
Australia’s leading providers for infertility, IVF and other assisted
conception treatment with 33 years of experience in the field. The company has
long been a fertility pioneer, with research and technologies developed
in-house virtually doubling IVF success rates in the mid-nineties and
continuing to improve outcomes today. In July 2018, Genea was the highest ranked healthcare
provider named on Australian Financial Review’s Top 100 Most Innovative Companies
List, ranked number 18.

Genea’s sister
company, Genea Biomedx creates and manufactures practical, accessible and
precise fertility technologies that help standardise and automate fertility
treatment. Its unique relationship with Genea Fertility means that Genea
Biomedx is a manufacturer that truly understands the customers’ perspective. As
a result, Genea Biomedx has developed the world’s first automated vitrification
instrument and has created a world leading benchtop incubator with timelapse functionality.

About
Gavi, Geri, Gems and Gidget

• Gavi — the world’s first automated
  vitrification instrument; Vitrification is a process used in IVF to preserve
  human egg cells (oocytes) or embryos by cooling them to deep sub-zero degrees.
  Approaching the process in an innovative way, Gavi uses an automated,
  standardized protocol aiming to provide consistent results in blastocyst
  vitrification.
• Geri – a benchtop incubator with individually
  controlled incubation chambers per patient to minimize disruptive events to the
  early-stage embryo. It also incorporates a camera for continuous monitoring of
  embryos as they develop.
• Gems – the latest generation of Genea’s
  culture media for embryo cultivation.
• Gidget – an innovative witnessing and tracking
  system that provides electronic witnessing, lab workflow management and support
  for traceability and audit reporting.

CHANGSHA, CHINA – Media OutReach – 19 August 2020
– Changsha IFS proudly launched
Sneaker Factory exhibition in August. During the exhibition, CSIFS collaborated
with five world-renowned artists including HelloJason, Rudy Lim, Digiway, Zhijun
Wang and Zhang Baqian to showcase the limited edition art pieces. With over 250
pairs limited edition sneakers were displayed which attract sports lovers and
youth.

Sneaker
Factory kick off event on 8.5

Invited DJ
Wordy, the most influential champion DJ in China, won the DMC champion in three
consecutive years, staged with pop performance. Artist HelloJason gave the guests
a tour by having a sneaker talk themed “The Evolution of Sneakers”. He
introduced the journey of the sneaker development with its historical
background. Besides, endorsed by famous international brands Nike, Adidas and
Jordan, Lining, CSIFS presented a trendy and sophisticated fashion show to all
our guests. It showcased the latest fashion and sneakers. With the great
support of Mango V Foundation, CSIFS successfully organized a charity auction
of the limited sneakers. All the funding would be arranged to the high school
graduates for the university education examination and achieving their dreams.

Changsha
IFS, a trendsetter, brings out the best in you

Sneakers are
no longer just a chic, but also a lifestyle.

Korean artists Rudy Lim,
specializing in deconstructing sneakers, presented the anatomy of six signature
sneakers, including the popular and limited-edition OFF-WHITE x Air Force 1 Low
“Volt”.In the
meanwhile, this is also Lim’s first exhibition in Central China.

Digiway, who created “The Cháo
Dynasty” with the inspiration from the Chinese painting “Along the River during
the Qingming Festival”, brought another representative art piece to the
exhibition: “The Hype Supper” 1.0 and 3.0.

Sneaker mask artist Zhijun Wang,
recognized by well known celebrity collectors, including well — Murakami
Takashi and Edison Chen, presented his latest work, which is inspired by the
Jordan designer Tinker Hatfield’s Kobe 11 Muse Pack, to pay tribute to
basketball superstar Kobe Bryant.

Artist Zhang Baqian, famous of
creating the sneakers with mini blocks. Over 300 mini blocks made sneakers
including Air Jordan, Dunk Low and Yeezy 
were showcased in the exhibition. 

XH 55 Artist
HelloJason Showcased Unique Works at the Exhibition

This summer,
HelloJason was in Changsha to present “The Future Is Coming” in order to
celebrate the 30^th anniversary of Air Max 90. The most inspiring
ideas was using the sneakers as a tool brush to create the painting.

A key and
eye-catchy sneaker-shaped photo opportunity

Once you entered
into the exhibition, there is a giant sneaker-shaped installation to bring the
precious limited sneakers collections, but not limited to  Air Jordan 1 replicas and crossovers,  Nike Mag Back to the Future,  Tom Sachs x Nike Mars Yard ,  Mars Yard 2.0, Air Jordan x Travis Scott,
Off-white x Nike “The Ten” series, to the guests.

Take a shot Take a break

Spending with a designated amount
can enjoy the basketball shooting fun. Exclusive premiums and surprises will be
given out for those high score players! Practice makes perfect is always true!

ABOUT THE WHARF GROUP

The Wharf (Holdings) Limited was founded in 1886, with the mission of
“Building for Tomorrow”.

The Group’s business also includes property investment and
development, logistics, hotel, communication, media, entertainment, and public
communication.

Wharf is active in property development in mainland China. In addition
to the Times Square project in Chongqing, Dalian, Shanghai, and Wuhan,
International Finance Square (IFS) is becoming the flagship brand in mainland
China, representing the group’s vision of the commercial complex that will
excel in the future. IFS projects have been launched in the cities of Chengdu,
Chongqing, Changsha, Suzhou, and Wuxi. IFS is joining Harbour City and Times
Square to become one of the big names of the group with comparable importance,
positioning and scale.

ABOUT Changsha IFS

Wholly owned by The Wharf Group, Changsha IFS, occupying an area of around 74,000 m², is located in
Wuyi commercial district, the CBD of Changsha, adjacent to Huangxing Road and
Jiefang West Road. The project offers over 1 million m² of integrated
components, including a 250,000 m² world-class mall,
two Grade-A office towers and a five-star hotel. IFS mall features a wide range
of international fashion brands, lifestyle shops, fusion restaurants,
entertainment venues and more, energizing the city with a one-stop shopping,
dining and entertainment experience.

Offering up to 100% Shopping Rebate along with “Recycle & Reward” Program to Promote Green Living

HONG KONG,  CHINA – Media OutReach – 19 August 2020 – Since its launch in mid-June, Hang Lung Properties‘ SPEND TOGETHER
campaign has generated close to HK$35 million in sales across our malls
including Fashion Walk, Grand Plaza, Gala Place, Hollywood Plaza, Peak Galleria,
Amoy Plaza, and Kornhill Plaza. Following this spectacular success, Hang Lung now
introduces the UPGRADED SPEND TOGETHER campaign from August 17, 2020 to October
31, 2020, with e-coupons totaled almost HK$10 million for customers to redeem
and use at their preferred merchants, as well as MONDAY CHEERS Rewards with up
to 100% shopping rebate! In addition, Hang Lung is launching the “Recycle &
Reward” program to continue its effort in environmental sustainability. Customers
who bring their own eco bags or food containers for self-pickup orders will be
rewarded e-Gift Certificates. Let’s continue to go green even in the face of
the pandemic!

Ms. Bella
Chhoa, Director — Leasing & Management of Hang Lung Properties remarks, “We
are extremely excited about the results of the SPEND TOGETHER campaign — a 95%
redemption rate has been reached with close to HK$35 million in sales being
generated. Building on this success, we now launch the UPGRADED SPEND TOGETHER
campaign!”

Please download high resolution photos here:

https://bit.ly/HL_SPENDTOGETHER_AUG2020

UPGRADED SPEND TOGETHER Campaign — MONDAY CHEERS
Rewards — Up to 100% Shopping Rebate

Hang Lung
has been actively rolling out a variety of promotional initiatives to stimulate
spending and alleviate the operating pressure of our tenants since early this
year, with the SPEND TOGETHER campaign being one of the most successful
initiatives. Ms. Bella Chhoa, Director —
Leasing & Management of Hang Lung Properties remarks, “The SPEND
TOGETHER campaign brings merchants from Hang Lung’s seven prime shopping malls together
and attract customers with e-coupons that can be used in conjunction with other
rewards at their preferred merchants across the malls. We are extremely excited
about the results — a 95% redemption rate has been reached with close to HK$35
million in sales being generated. Building on this success, we now launch the UPGRADED
SPEND TOGETHER campaign, with a shopping rebate of up to 100% and vouchers that
are worth almost HK$10 million to give away. Customers will enjoy exciting
spending rewards while tenants will benefit from more business opportunities —
surely it’ll be a win-win situation for all.”

During the
launch period of the UPGRADED SPEND TOGETHER campaign, customers who register
at Hang Lung e-Privilege and spend upon a designated amount will be eligible to
redeem merchant e-coupons that are worth up to HK$3,000 and enjoy a shopping rebate
of up to 50%! Moreover, on four designated Mondays: August 17, August 24,
August 31 and September 7, 2020, the first ten customers who spend a designated
amount will be eligible to redeem e-coupons that are worth up to HK$6,000 and
enjoy MONDAY CHEERS Rewards with up to 100% shopping rebate! Upon each
purchase, customers can use up to ten e-coupons and enjoy a discount of up to
HK$1,000!

A vast
array of merchants participate in the UPGRADED SPEND TOGETHER campaign,
including but not limited to: fashion boutiques agnès b, COS, Vivienne
Westwood, Y-3; sportswear labels adidas performance, adidas
originals, Puma; fashion accessory brands APM Monaco, Thomas Sabo; perfume and
beauty labels Goutal Paris, per FACE Aesthetic; home décor and lifestyle brands Francfranc, NOME; and restaurants King Ludwig Beerhall,
Paradise Dynasty, PizzaExpress Lab, Starbucks and Vivienne Westwood Café — all to
name but a few. It is definitely a
prime time to go on a shopping spree!

Details of the UPGRADED SPEND TOGETHER Campaign:

Fashion
Walk (Causeway Bay)

Grand Plaza, Gala Place, Hollywood Plaza (Mongkok)

Peak Galleria (Victoria
Peak), Amoy Plaza (Kowloon Bay), Kornhill Plaza (Quarry Bay)

^A maximum of three machine-printed receipts will be accepted for each
redemption. Daily quotas apply, available while stocks last.

*MONDAY CHEERS Reward will be offered to the first 10 customers who
reach the designated spending on these dates only: August 17, August 24, August
31, and September 7. Quotas apply; first-come, first served and available while
stocks last.

Redemption method:

• Upon
  designated spending, customers must sign up for Hang Lung e-Privilege
• Customers
  must visit the designated redemption location in-person and present the QR code
  on Hang Lung e-Privilege as well as the payment receipt(s) in order to redeem
  e-coupons

For a detailed list of participating merchants,
please refer to in-mall marketing collaterals or visit Hang
Lung e-Privilege.

“Recycle &
Reward” Program — Bring Your Own Eco Bag or Food Container to Earn e-Gift Certificates

The pandemic has made ordering takeout an
indispensable part of life. In addition to the “Takeaway & Delivery Service”
campaign in July that gave away HK$30 e-coupons, beginning from August 24,
2020, Hang Lung launches the “Recycle & Reward” program to continue its
effort in environmental sustainability. Upon a spending of HK$80 on a self-pickup
order at any participating F&B outlets, customers will receive a HK$25
Starbucks e-Gift Certificate when they bring their own eco bags or food
containers. This campaign is set to encourage a green living for all!

Details of the Recycle & Reward Program:

• A
  customer places a self-pickup order of at least HK$80 at a participating F&B
  outlet (after discounts including e-coupons from “Takeaway & Delivery
  Service” campaign and promotion offered by the merchant) and brings their own eco
  bag or food container.
• Sign
  up for Hang Lung e-Privilege, visit the redemption location in-person, and
  present the QR code on Hang Lung e-Privilege as well as relevant e-payment
  receipt in order to earn one Starbucks e-Gift Certificate.
• Daily
  quotas apply, available while stocks last.
• For a list of
  participating merchants, please refer to in-mall
  marketing collaterals and stay tuned to Facebook
  page of Hang Lung Malls.

About Fashion Walk

In a unique fusion of indoor and outdoor elements
at the heart of Causeway Bay, embracing three vibrant streets — Paterson,
Kingston and Food Street — Fashion Walk is a distinctive shopping destination,
offering the latest trends in fashion, gastronomy, and lifestyle in a
magnificent setting. Fashion Walk has its finger firmly on the pulse of fashion
trends, allowing connoisseurs of style to discover popular international brands
and rising stars. More and more cutting-edge designers and labels are opening their
flagship and concept stores here, including the first CHANEL Beauty Studio,
medical beauty solution SkinCeuticals and SkinCeuticals by per FACE, legendary
French perfume label Goutal Paris’s first flagship store in Asia, the first
overseas store of Japanese fashion retailer STUDIOUS, the first pet-friendly
beauty and event venue Private i Concept Store, the first Vivienne Westwood Café-boutique,
and trendy label select shops including D-Mop, HER, I.T, JUICE, Mastermind
World, and SHINE, to name but a few. Fashion Walk is also home to a diverse
array of culinary delights. Highlights include America’s lobster-themed chain
Red Lobster, Asia’s best female chef’s burger joint Little Bao Diner flagship
store, the only patisserie with a savory menu Lady M from New York, and many
more. Fashion Walk is obviously the home of Fashion Intelligence, and the
coming together of ideas and insights.

Please visit:

About Grand Plaza

Enviably located right next
to the MTR Mongkok Station on Nathan Road where commerce and transport
converge, Grand Plaza houses two office towers and a commercial podium. It is
home to a stellar line-up of international watch and jewelry brands, concept
stores as well as fashion, lifestyle and sports labels. The dedicated Dining
Floor features over 20 gourmet dining venues where international cuisine is
served in stylish surroundings. The Grand Plaza Office Tower One showcases the
region’s most prominent healthcare centers. It has further been subtly zoned
into Beauty and Travel floors, providing visitors a one-stop leisure and
lifestyle experience.

Please visit:

Facebook      : http://www.facebook.com/GrandPlazaHK

Instagram      : http://instagram.com/grandplazahk

WeChat         : grandplazahk

About
Gala Place

Located at the junction of Dundas Street and Nathan Road with affluent
footfall, Gala Place houses the Starbucks thematic store, spanning over 4,500
square feet, as well as the triple-story H&M full-concept flagship store,
the largest H&M store in Kowloon, and has become a hotspot for the trendy
and fashionable. It also houses a potpourri of diversified services and
products including chic fashion, outdoor gear, skincare & cosmetics,
lifestyle products, audio and digital gadgets, as well as beauty, tele-com
centers and a home design house. Gala Place is also equipped with a car park
which offers close to 500 car parking spaces, providing a convenient, one-stop
shopping experience for customers.

About Kornhill Plaza

Conveniently
located at East of Hong Kong Island and atop MTR Taikoo Station, Kornhill Plaza
houses a quality lifestyle shopping arcade anchored by AEON STYLE, serviced
apartments with superior management and services, an office tower and the
Kornhill Learnscape, offering leisure-learning facilities for youngsters. From
exquisite gourmet food and relaxing cafes to cinemas and bookstores, Kornhill
Plaza caters to the desires of every family looking for a kaleidoscopic
lifestyle and sheer enjoyment.

Please
visit:

Facebook:     https://www.facebook.com/KornhillPlaza/

Instagram:     https://instagram.com/kornhillplaza

About Amoy Plaza

Pamper
yourself in an unexpected world of delight and extravagance at Amoy Plaza, an
entirely unique mall experience. Located at the Kowloon East transportation
hub, Amoy Plaza is highly accessible, with parking spaces available for your
added convenience. The elegant three-story mall may seem large in scale but it
is fully integrated so as to provide an ideal one-stop shopping, dining and entertainment hub
with nearly 300 shops. Adding to the charm, open pedestrian areas offer a
pleasant outdoors ambience.

Please
visit:

About Peak
Galleria

Peak Galleria, an iconic
trademark in Hong Kong, is reopening after the completion of a more than
two-year-and-a-half redesign and modernization program. The fresh new look is
encapsulated by the gleaming new, gem-like, curved exterior of the main entrance.
The all-glass modernist façade serves as a conduit for natural light into the
interior of the mall, where a richly curated merchant portfolio with
personalized experiences and festive celebrations awaits visitors. Highlights
include the world’s first Monopoly-themed experiential pavilion, Monopoly
Dreams; Candylicious, the internationally-acclaimed sweet shop from Singapore
and Japanese gourmet experience, 37 Steakhouse and Bar, among the over 60 new
signature retail and dining brands that join Peak Galleria to create a truly
invigorating branded shopping and dining experience.

Please
visit:

About Hang Lung e-Privilege

The
Hang Lung e-Privilege https://epromo.hanglung.com provides a variety of offers
such as limited time surprise offers and year-round shopping privileges for
shoppers across our malls in Hong Kong (include Fashion Walk, Peak Galleria,
Grand Plaza, Hollywood Plaza, Gala Place, Kornhill Plaza and Amoy Plaza).
Customers can instantly redeem the offers on their mobile phones by following
the Facebook or WeChat pages of our malls, without the hassle of downloading a
separate mobile app.