恒隆 地 產有 限 公司 HANG LUNG PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) ( 於香港註冊成立之有限公司 ) (Stock Code 股份代號: 00101) N O T I F I C AT I O N L E T T E R 通知信函 Dear Registered Shareholder, May 19, 2025 Hang Lung Properties Limited (the "Company") - Notice of Publication of Circular of Scrip Dividend Arrangement in relation to the Final Dividend for the year ended December 31, 2024 (the "Current Corporate Communication") We are pleased to inform you that the English and Chinese versions of the ...

THIS FORM IS FOR THE USE OF THE SHAREHOLDER(S) NAMED IN BOX A ONLY. NO ACKNOWLEDGEMENT OF RECEIPT OF THIS FORM WILL BE ISSUED. FOR THE AVOIDANCE OF DOUBT, THE COMPANY DOES NOT ACCEPT ANY OTHER INSTRUCTIONS WRITTEN ON THIS FORM. 此表格只供名列於甲欄內之股東使用。本公司不會就此表格發出收訖確認。為免存疑，任何在此表格上的額外手寫指示，本公司將不予處理。 CERTIFICATE AND/OR DIVIDEND WARRANT FOR THE ENTITLEMENT WILL BE SENT BY ORDINARY POST TO THE SHAREHOLDER(S) AT THE SHAREHOLDER'S(S') POSTAL RISK TO THE ABOVE ADDRESS. DIVIDEND WARRANT WILL BE SENT IN ACCORDANCE WITH STAND ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的持牌證券 交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的恒隆地產有限公司股份全部售出或轉讓，應立即將本通函及隨 附的選擇表格（如有）送交買方或承讓人，或經手買賣或轉讓的銀行、持牌證券交 易商或其他代理商，以便轉交買方或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本通函全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 在香港境外任何地區收到本通函及╱或選擇表格的海外股東，不得將其視為選擇 以股代息安排的邀約，除非本公司可毋須遵照相關司法權區任何登記或其他要求 或手續，合法地向股東作出有關邀約。任何海外股東如欲收取以股代息股份，須 自行承擔責任，遵守一切任何有關司法權區之法律規定，包括獲得任何政府或其 他同意或遵守任何規定及辦理所需手續。因海外股東違反任何相關司法管轄區的 法律而導致或產生與根據以股代息安排收取末期股息及╱或以股代息股份有關的 任何後果，將由相關海外股東獨自承擔。 有關截至 ...

Core Viewpoint - The article emphasizes the importance of value investing and highlights Hang Lung Properties (HLPPY) as a strong value stock based on its financial metrics and Zacks Rank [1][2][6] Group 1: Company Overview - Hang Lung Properties (HLPPY) currently holds a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4] - The stock has a Forward P/E ratio of 9.50, significantly lower than the industry average of 16.12, suggesting it may be undervalued [4] - Over the past 12 months, HLPPY's Forward P/E has fluctuated between a high of 12.27 and a low of 6.21, with a median of 8.61 [4] Group 2: Valuation Metrics - HLPPY has a P/B ratio of 0.21, which is attractive compared to the industry's average P/B of 0.58, indicating a favorable market value relative to its book value [5] - The P/B ratio for HLPPY has ranged from a high of 0.29 to a low of 0.17 over the past year, with a median of 0.21 [5] - These valuation metrics contribute to HLPPY's strong Value grade, suggesting it is likely undervalued at present [6]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公布的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公布全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 恒隆地產有限公司 HANG LUNG PROPERTIES LIMITED (於香港註冊成立之有限公司) (股份代號 ﹕00101) | | 普通決議案 | 票數 (%) | | | --- | --- | --- | --- | | | | 贊成 | 反對 | | 7. | 批准將回購的本公司股份加入第6項決議案之一般性 | 3,230,391,130 | 485,903,134 | | 授權 | | (86.9251%) | (13.0749%) | | 通決議案。 | 由於第1至第7項決議案各自之贊成票數均超過百分之五十，因此該等決議案皆獲通過為普 | | | 承董事會命 公司秘書 馬婉華 香港，2025年4月30日 2025年4月30日舉行之股東周年大會 投票表決結果 恒隆地產有限公司（「本公司」）欣然宣布，於2025年4月30日舉行之股東周年大會（「周 年大會」）上，載於2025年3月21日之 ...

Core Viewpoint - The article emphasizes the importance of value investing and highlights Hang Lung Properties (HLPPY) as a strong value stock based on its financial metrics and Zacks Rank [2][4][6] Group 1: Investment Metrics - Hang Lung Properties (HLPPY) holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The stock has a P/E ratio of 9.50, significantly lower than the industry average P/E of 15.03, suggesting it may be undervalued [4] - HLPPY's Forward P/E has fluctuated between 6.21 and 12.27 over the past year, with a median of 8.54, indicating variability in market perception [4] Group 2: Valuation Ratios - The P/B ratio for HLPPY is 0.21, which is favorable compared to the industry average P/B of 0.54, further supporting the undervaluation thesis [5] - Over the past 52 weeks, HLPPY's P/B has ranged from 0.17 to 0.30, with a median of 0.21, reflecting stability in its valuation [5] Group 3: Earnings Outlook - The strength of HLPPY's earnings outlook positions it as one of the market's strongest value stocks, appealing to value investors seeking undervalued opportunities [6]

Core Viewpoint - The company is optimistic about the mainland market, which currently accounts for 70% of its overall revenue, and sees it as a significant consumer market with great potential [2] Group 1: Business Strategy - The company is focusing on high-end commercial complexes, having established landmark projects in cities like Shanghai, Wuxi, Kunming, and Dalian, which has led to steady performance [3] - The company adopts a "commercial first" approach, contrasting with many mainland developers who follow a "residential to support commercial" model [3][4] - The company aims to optimize existing assets and enhance operational efficiency rather than pursuing blind expansion, with a focus on vertical growth [6] Group 2: Market Positioning - The company has positioned itself as a market leader in second-tier cities, which allows it to attract high-end consumer spending from surrounding areas [4] - The company believes that once it secures a leading position in high-end brands in second-tier markets, it becomes difficult for new entrants to disrupt its dominance [4] Group 3: Financial Performance - The company generates stable rental income of approximately 10 billion yuan annually, with a net profit of around 3 billion yuan, which could potentially increase to 4-5 billion yuan with operational optimization [7][8] - The company has a total saleable residential value of about 20 billion yuan in Hong Kong and mainland China, which can provide an average annual cash flow of around 4 billion yuan over a five-year sales cycle [7][8] Group 4: Future Outlook - The company plans to accelerate the sales pace of residential projects in 2025 to enhance cash flow and will not make hasty decisions due to short-term financial pressures [8] - The company anticipates a "golden return period" from 2027 to 2031 as projects like Hangzhou Henglun Plaza begin to yield returns [9]

N O T I F I C AT I O N L E T T E R 通知信函 Dear Non-registered Shareholder* , March 21, 2025 Hang Lung Properties Limited (the "Company") - Notice of Publication of (i) 2024 Annual Report; (ii) Circular containing the Notice of Annual General Meeting; (iii) Proxy Form (collectively the "Current Corporate Communications"); and (iv) 2024 Sustainability Report We are pleased to inform you that the English and Chinese versions of the Current Corporate Communications of the Company are now available on the Company' ...

恒隆 地 產有 限 公司 HANG LUNG PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) ( 於香港註冊成立之有限公司 ) (Stock Code 股份代號: 00101) N O T I F I C AT I O N L E T T E R 通知信函 Dear Registered Shareholder, Hang Lung Properties Limited (the "Company") - Notice of Publication of (i) 2024 Annual Report; (ii) Circular containing the Notice of Annual General Meeting; (iii) Proxy Form (collectively the "Current Corporate Communications"); and (iv) 2024 Sustainability Report We are pleased to inform you that the Eng ...

恒隆 地 產有 限 公司 HANG LUNG PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) ( 於香港註冊成立之有限公司 ) (Stock Code 股份代號: 00101) 各位新登記股東： 收取公司通訊語言版本及方式之選擇 隨函附上恒隆地產有限公司（「本公司」）2024 年報（英文及中文版）、載有股東周年大會通告的通函及代表委任書，以供 閱覽。 本公司謹訂於 2025 年 4 月 30 日（星期三）上午 10 時正假座香港金鐘道 88 號太古廣場港麗酒店大堂低座港麗大禮堂召 開股東周年大會。 根據《香港聯合交易所有限公司證券上市規則》及本公司的組織章程細則，本公司將向 閣下提供下述方案，選擇以下 列方式收取本公司所有日後公司通訊*， 閣下可選擇： 就有關所有日後公司通訊， 閣下可以隨時根據有關法例及規例經股票過戶及登記處給予本公司書面通知，或電郵至 hlp.ecom@computershare.com.hk，以更改收取公司通訊語言版本及收取方式之選擇。 閣下收取印刷本之有關要求將一直維持有 效，直至該指示被撤銷、 ...