Company Profile For Hang Lung Properties Ltd.

Hang Lung Properties Limited is an investment holding company. The Company, through its subsidiaries, is engaged in property leasing, property development for sale and investment, car park management and property management. The Company has operations in Hong Kong and mainland China. The Company’s office and industrial/office properties include Standard Chartered Bank Building, Baskerville House, 1 Duddell Street and Printing House. The Company’s residential portfolio offers a mix of luxurious residential homes and serviced apartments. Its properties include The Summit and Burnside Villa. The Company’s subsidiaries include Antonis Limited, AP City Limited, AP Joy Limited, AP Properties Limited, AP Star Limited and AP Success Limited. The ultimate holding company is Hang Lung Group Limited.

BRIEF: For the fiscal year ended 30 June 2009, Hang Lung Properties Limited's revenues decreased 59% to HK$4.17B. Net income decreased 69% to HK$4.13B. Revenues reflect decreased income from Property Sales business segment. Net income also reflects an increase in administrative expenses, lower interest income, decreased fair value of investment properties and lesser share of profits of jointly controlled entities.