20-year Operating Lease Expands Their West Nanjing Road Portfolio by 44%, Marking the Latest Milestone of Hang Lung V.3 Strategy

HONG KONG SAR & SHANGHAI, CHINA – Media OutReach Newswire – 12 December 2025 – Hang Lung Properties Limited (SEHK stock code: 00101) (the “Company” or “Hang Lung”) today announced it has successfully secured the No. 1038 West Nanjing Road Commercial Project by partnering with Shanghai Join Buy Group Co., Ltd. (“Join Buy Group”). This landmark redevelopment project, operating under a 20-year lease, will add approximately 96,000 square meters to Hang Lung’s portfolio on West Nanjing Road, expanding its total gross floor area by approximately 44% to about 312,335 square meters. It represents the latest milestone under Hang Lung V.3 strategy, which emphasizes capital-efficient reinvestment and asset optimization to amplify its leadership position in core cities, bolstering Shanghai’s stature as an international consumption destination.

The section stretching from Plaza 66 to the No. 1038 West Nanjing Road Commercial Project —formerly Westgate Mall—is known as “Mei-Tai-Hang” (梅泰恒) and is considered the “core of the core” of Shanghai’s prime retail and lifestyle center. As part of Shanghai’s urban renewal efforts, the project will be transformed into a dynamic mixed-use complex featuring integrated retail, hospitality, and office spaces. Positioned for a modern demographic that favours experiential spaces, this project will create a new community hub where global trend-setting brands and new generations of consumers can connect, offering immersive, culturally rich, and diverse experiences.

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, “We are honored to partner with the Jing’an District Government and Join Buy Group under the visionary guidance of the Shanghai municipal government for this transformative project. West Nanjing Road is not just a premier commercial destination, it is the cultural and historical heart of Shanghai, and we are privileged to be entrusted with its future. This redevelopment, as another milestone of the Hang Lung V.3 strategy, reinforces our commitment to a customer-centric approach through curated and unparalleled experiences. Its more comprehensive mix of uses will create stronger synergies across our portfolio and attract a broader clientele. The new dynamics will further strengthen the area’s reputation as a hub for international lifestyle. We are proud to contribute to the legacy of Jing’an District and the development of its landmark commercial district.”

Boasting a profound historical and cultural legacy, the Westgate Mall was the first to introduce the “shopping mall” concept to Shanghai. The site and the adjacent Majestic Theatre (美琪大戲院) was originally home to the Majestic Hotel (大華飯店), one of Shanghai’s most opulent garden hotels in the 1920s. It served as a pivotal venue for prominent political and social events and stood as a vibrant symbol of “Haipai” (海派), or Shanghai culture—the cosmopolitan movement that defined the first half of the 20th century with its openness to a wave of new international concepts, and continues to influence modern Chinese lifestyle today. The reintroduction of a new hotel nearly a century later pays tribute to its glamorous past while reviving this legacy for a new generation.

Mr. Xu Xing, Chairman of Join Buy Group, commented, “West Nanjing Road serves as a symbol of Shanghai’s urban living, and for Join Buy Group, it is a core area of our long-term commitment and development. This commercial project at No. 1038 West Nanjing Road is not only a direct response to the Jing’an district’s strategic plan to create a ‘High-end Service-led Development Axis on West Nanjing Road (南京西路高端服務引領發展軸),’ but also a key landmark in our journey toward high-quality development. We will leverage this project to deepen our involvement in the West Nanjing Road central activity zone and explore a new paradigm for the integration of culture, business, and travel.”

The No. 1038 West Nanjing Road Commercial Project will significantly enhance the scale and synergy of Hang Lung’s Shanghai property portfolio—fostering a vibrant local community, enriching the cultural atmosphere, and strengthening West Nanjing Road’s position as a premier lifestyle destination, while driving sustainable revenue growth and increasing the portfolio’s overall asset value.

Appendix
About No. 1038 West Nanjing Road Commercial Project

Address:	1038 West Nanjing Road, Jing’an District, Shanghai
Site Area:	Approx. 11,700 sq. m.

Gross Floor Area (GFA) Breakdown:

(Sq. m.)	No. 1038 West Nanjing Road Commercial Project	Plaza 66 including Pavilion Extension	Grand Total of Hang Lung’s Portfolio on West Nanjing Road
Total	Approx. 96,000	Phase 1 and 2 (Mall and Office Towers): 213,255 Phase 3 (Pavilion Extension): 3,080 above ground	Approx. 312,335

Recent Hang Lung V.3 Examples

Project	City	Asset Enhancement
Shangyi Street of Spring City 66	Kunming	Create a must-visit streetscape destination for urban explorers and a photography hotspot
Pavilion Extension of Plaza 66	Shanghai	Expand Plaza 66’s retail space by 13% based on leasable floor area
Westlake 66 Expansion	Hangzhou	Increase Westlake 66’s retail area by about 40% and street frontage by over 200%
Center 66 Expansion	Wuxi	Increase Center 66’s retail area by 38%
No. 1038 West Nanjing Road Commercial Project	Shanghai	Increase the total GFA of Hang Lung’s projects on West Nanjing Road by approx. 44% to about 312,335 sq. m.

Hashtag: #HangLung

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About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong and Shanghai, the Company manages a portfolio of over 3.5 million square meters of retail, office, residential, and hotel properties across Hong Kong and the Chinese Mainland.

The Company’s diverse portfolio in Hong Kong includes office towers and malls in prime districts, as well as luxury residential developments in prestigious areas. In the Chinese Mainland, under the signature “66” brand, the Company’s mixed-use and retail developments are regarded as premium landmarks, strategically located in the hearts of key cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan, and Hangzhou.

The Company is recognized for pioneering sustainability in the real estate industry, with an MSCI ESG rating of AA and inclusion on CDP “A List” for Climate Change. The Company powers 80% of its operating properties in the Chinese Mainland with renewable energy, with a net-zero commitment by 2050.

At Hang Lung Properties – We Do It Well.

For more information, please visit https://www.hanglung.com.

BANGKOK, THAILAND – Media OutReach Newswire – 12 December 2025 – For those seeking a meaningful year-end escape that goes beyond a typical getaway, ONYX Hospitality Group, a leading and regionally renowned hotel management company, invites travellers to explore popular destinations near Thailand. Guests can celebrate the festive season with family, friends, and loved ones while enjoying a holiday that blends comfort, beautiful surroundings, warm and thoughtful service, and rich local culture — the perfect way to turn a year-end break into an unforgettable memory.

The suggested itinerary begins in Bangkok and continues to Malaysia’s popular destinations — Penang and Johor Bahru — before concluding in Colombo, Sri Lanka. Each leg of the journey is a convenient short direct flight of approximately 1–3 hours, making it ideal for a 7–10-day holiday. This curated route allows travellers to experience culture, lively urban energy, and tranquil nature all in one trip.

Penang, Malaysia:
Travellers can discover the charm of this UNESCO World Heritage–listed destination with accommodation options to suit every lifestyle.

Amari SPICE Penang is a modern luxury hotel located beside the SPICE Convention Centre and SPICE Arena, just 5 km from Penang International Airport. With spacious rooms, a contemporary pool and fitness centre, and five distinctive restaurants and bars, the hotel offers complete relaxation in a serene, private setting — ideal for those seeking a refined and stylish retreat.

OZO Georgetown Penang, a fun-focused hotel, sits in the heart of Georgetown’s UNESCO-listed old town. Guests can easily wander the charming streets, capture memorable photos, and enjoy both stylish cafés and iconic street food such as Char Koay Teow and Asam Laksa. It’s the perfect choice for travellers drawn to art, culture, and vibrant city life.

The journey continues to Johor Bahru, a lively destination offering a full lifestyle experience. Situated close to Singapore, this dynamic city blends modernity with convenience and is home to four ONYX properties catering to every type of traveller.

The newly opened OZO Medini is a stylish and contemporary hotel created for active, next-generation travellers. It reflects the joyful spirit of the city and perfectly embodies its concept: Unpack. Good. Vibes.

Amari Johor Bahru, a 5-star property in the heart of the business district, is just steps away from shopping venues, dining, and popular attractions. Key landmarks, including the Johor Bahru Heritage Trail, are within easy reach, while both Senai International Airport and Singapore Changi Airport are conveniently accessible.

For those preferring a home-from-home experience, Shama Medini offers serviced apartments with spacious layouts and fully equipped living spaces — an ideal choice for families seeking comfort and flexibility.

Shama Suasana Johor Bahru provides full-facility accommodation close to LEGOLAND Malaysia Resort and shopping hotspots such as Mid Valley Southkey and Johor Premium Outlets. It’s perfect for travellers wanting a balance of relaxation and urban energy.

The journey concludes in the Pearl of South Asia — Colombo, Sri Lanka, with a stay at Amari Colombo Sri Lanka. Overlooking the Indian Ocean, the hotel blends modern luxury with the charm of a seaside city, offering the perfect setting to unwind while discovering Sri Lanka’s captivating culture and warm hospitality.

Travellers are invited to craft their year-end getaway to Malaysia and Sri Lanka with experiences that suit every lifestyle. Enjoy short flights, seamless journeys, and countless memorable moments — from comfortable stays and thoughtful service to rich culture and stunning natural beauty — all with ONYX hotels.

For more information about ONYX Hospitality Group, please visit www.onyx-hospitality.com.

Hashtag: #ONYXHospitalityGroup #AmariHotels #OZOHotels #Shama #Travel #Hotel #HolidayTravel #HolidayIdeas

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

About ONYX Hospitality Group:

ONYX Hospitality Group, a reputable force in Southeast Asia’s hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers in Southeast Asia where their expertise lies. In addition to its brand portfolio, ONYX Hospitality Group also operates additional hospitality services across spa and food and beverage. With over five decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.

More information: www.onyx-hospitality.com

HOHHOT,CHINA – Media OutReach Newswire – 12 December 2025 – On November 25, the calibration aircraft landed smoothly, marking the successful completion of the on-site verification test flight at Hohhot Shengle International Airport. This important milestone indicates that Inner Mongolia’s first 4F-class airport has moved from the construction phase to the final stages of preparation for its official opening.

As Inner Mongolia’s first 4F-class airport—the highest standard in civil aviation airfields—this airport is fully equipped to accommodate the world’s most advanced commercial aircraft.

Moreover, it functions as a regional aviation hub, a primary alternate landing site within the Beijing-Tianjin-Hebei airport cluster, a Class I international aviation port, and a key transportation node in China’s national “Belt and Road Initiative”. Its essential role is to connect domestic and international destinations while linking eastern and western regions.

“Where heaven and earth meet, all things communicate.” Thanks to its unique geographic location, Hohhot has long served as a vital transportation center. During the Northern Wei Dynasty, Shengle, the capital city, controlled the critical passage between the Central Plains, the grasslands, and the desert, fostering thriving commerce and travel. In the Tang Dynasty, Shengle also served as a major commercial route extending north from Baidouchuan to present-day Erenhot, Manzhouli, and further into Russia and Mongolia. During the Qing Dynasty, Guisui City was a key node on the Grassland Silk Road. From the late 17th to early 20th century, the 13,000-kilometer Tea Road began at Wuyi Mountain in Fujian Province in the south, passed through Hohhot in Inner Mongolia, continued north to Mongolia, and ultimately reached Russia. In modern times, Hohhot has emerged as a crucial transportation hub under the “Belt and Road Initiative,” linking the mainland of China with Russia, Mongolia, and the heart of Europe. For centuries, merchants from home and abroad have gathered here, fostering vibrant trade and rich cultural exchanges.

The echoes of history continue to resonate. This ancient route, once bustling with camel caravans and travelers, is now being revitalized with new significance for the modern era. Shengle International Airport is dedicated to becoming a key hub on the new “Air Silk Road,” serving as a vital gateway across North China and connecting Eurasia. It aims to make a unique and meaningful contribution to this important legacy.

From above, the airport’s terminal is designed to resemble a finely crafted saddle, reflecting the dynamic heritage of the horse-riding cultures in the region. The main facade of the terminal features a 600-meter-long eave inspired by the flowing khata scarf, offering a warm and inviting welcome to visitors from around the globe. The terminal’s skylights are thoughtfully crafted using spindle columns, cables, and inflatable membranes, creating an atmosphere reminiscent of a traditional Mongolian yurt. Looking upward, travelers can enjoy views of the expansive grassland sky and clouds, celebrating Inner Mongolia’s rich cultural heritage and sharing the distinctive beauty of grassland culture with the world.

Shengle Airport’s appeal extends beyond its striking design to its thoughtfully planned interior layout. More than just a transportation hub, it serves as a vital platform connecting the world. As a key node on the “Belt and Road” land corridor and the northern gateway of the China-Mongolia-Russia economic corridor, Hohhot is utilizing this state-of-the-art airport to accelerate its integration into the global network.

In the near term, Shengle International Airport aims to achieve an annual passenger capacity of 28 million, handle 320,000 tons of cargo and mail, and manage 244,000 aircraft movements by 2030. Looking further ahead to 2050, these figures are expected to grow to 65 million passengers, 800,000 tons of cargo and mail, and 511,000 aircraft movements.

To enhance the travel experience for international passengers, Shengle International Airport has proactively upgraded its communication infrastructure. Previously, the construction of civil communication facilities at Hohhot Shengle International Airport was successfully completed. To meet the demands of international travelers and business passengers, the regional communication system has implemented a “seamless access” plan in advance. All three major telecom operators share a jointly built network, ensuring passengers enjoy “uninterrupted” connectivity from arrival through boarding and departure.

Looking forward, Shengle Airport will continue to expand its international routes with exceptional performance. By 2025, Hohhot Airport will establish strong partnerships with Xi’an and Qingdao airports. Leveraging Qingdao Airport’s connections to Japan and South Korea, and Xi’an Airport’s access to Northwest China, Central Asia, and Southeast Asia, new transfer services will be launched connecting Hohhot via Xi’an or Qingdao to other domestic and international destinations.

Additionally, capitalizing on Hohhot’s strategic location facing Russia and Mongolia and linking Northeast and Northwest China, transfer services will be introduced from Xi’an or Qingdao through Hohhot to various regional cities as well as Russia and Mongolia. These initiatives will create aerial bridges fostering economic exchange and cultural communication across regions.

As the morning sun brightens the northern frontier, Shengle International Airport stands out like a shining gem above the grasslands. This young and dynamic airport is not only Hohhot’s new gateway but also a crucial hub connecting China to the world. From here, Inner Mongolia’s high-quality development will gain fresh momentum, and China’s northern frontier will embrace broader opportunities for global engagement.

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

HAIKOU, CHINA – Media OutReach Newswire – 12 December 2025 – The awards ceremony for the 5th Session Midea International HVAC Design Contest was successfully held in Haikou, Hainan on December 10. The event highlighted the evolving role of HVAC technology as a key driver in the industry’s transition toward sustainable development.

23 Years of Commitment: Fostering an Innovative Platform for HVAC

Since its launch in China in 2002, the Midea International HVAC Design Contest has been jointly organized by the China Innovation Alliance for Heating, Ventilation and Air-Conditioning (“CAHVAC”) and Midea Building Technologies (“MBT”).

In 2021, the contest evolved into an international event with the establishment of overseas divisions, continuously expanding its influence and attracting active participation from top designers across multiple countries worldwide, including Mexico, Georgia, the UAE, Indonesia, and Malaysia.

Over more than two decades dedicated to the HVAC field, it has evolved into an international platform for innovation and knowledge exchange, integrating industry, academia, and research. To date, the contest has attracted over 90,000 participants.

Balancing tradition with innovation, this year’s session reached new heights in both scale and quality. Over a four-month period, the contest received 1,000 submissions across the world, with 589 entries advancing to the final round. A jury of 37 industry experts awarded 305 prizes, supported by a prize pool of approximately RMB 1.1 million.

Industry Growth Toward a Borderless Future

The HVAC industry is increasingly transitioning from climate control to integrated energy management. The Midea International HVAC Design Contest encourages the application of HVAC solutions beyond traditional technological boundaries, exploring new and diverse fields.

From commercial complexes and industrial manufacturing to smart agriculture, rail transit, and data centers, the contest has demonstrated remarkable integration and innovation in HVAC technologies. Projects in extreme cold climates have pushed the limits of air-source heat pump performance. The combination of solar, wind, and HVAC systems has shown higher efficiency in renewable energy utilization. Innovative retrofit projects have successfully balanced energy savings, user comfort, and practical implementation, offering replicable and scalable models for sustainable building design.

This year’s Golden Pencil winner, “The Exchange 106” super high-rise office tower in Kuala Lumpur, Malaysia—led by Primetech Engineers Sdn Bhd—exemplifies world-class excellence. The 106-story skyscraper integrates high-efficiency chillers, demand-controlled ventilation, and full condensate recovery, achieving a measured energy intensity of 113 kWh/m²/year, outperforming its design target of 119 kWh/m²/year.

The project has earned Green Building Index (GBI) Gold Certification and received awards including “Best Tall Building over 400 Meters” from CTBUH and “MEP Project” recognition, underscoring its leadership in sustainable design and engineering innovation.

By gathering bright minds worldwide, the Midea International HVAC Design Contest turns innovative ideas into tangible green building outcomes. Looking ahead, the contest will continue to refine its format, expand participation, and deepen collaboration across industry, academia, research, and application — driving technological advancement and sustainable practices within the global HVAC sector.

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