Hang Lung Properties : Announces Collaboration with Tesla Motors

Hang Lung Properties Announces Collaboration with Tesla Motors

(Hong Kong, August 1, 2015) Hang Lung Properties Limited (HKSE stock code: 101) is pleased to announce a collaboration project with Tesla Motors (Tesla) to install destination chargers at six shopping malls of Hang Lung Properties in mainland China. This strategic collaboration will allow customers to have their sedans charged while at the same time enjoying the fun of shopping in the malls.

In the first stage of the project, a total of 19 destination chargers will be installed in the Company's Riverside 66 in Tianjin, Center 66 in Wuxi, Plaza 66 in Shanghai, Forum 66 in Shenyang, Parc 66 in Jinan and Olympia 66 in Dalian. This expansion of Tesla's charging network will enable customers in mainland China to enjoy the improved convenience of driving electric sedans.

Mr. Norman Chan, Director (Leasing & Sales) of Hang Lung Properties, said, "The electric vehicle is the future trend of a sustainable transportation sector. The fact that the Tesla has zero emissions means that it can significantly reduce roadside pollution and thus improve the overall air quality. This is important to Hang Lung Properties which has always recognized the importance of corporate social responsibility and hence strives to incorporate sustainability into every aspect of our business operations. Hence we are dedicated to implementing initiatives that protect our environment. We believe the collaboration with Tesla Motors in promoting the use of electric vehicles will enhance the public's awareness of the need to protect the environment and benefit society as a whole."

Hang Lung and Tesla will launch a series of exhibitions at the six designated malls to promote the use of electric vehicles and showcase Tesla's latest technology. Customers can also enroll for test drives. The first exhibition will be held from today onwards to August 9 at Riverside 66.

As an award-winning electric vehicle manufacturer, Tesla Motors strives to develop a charging network that can accommodate the everyday routines and lifestyles of car owners by collaborating with hotels, restaurants, shopping malls and holiday resorts. Owners of the Tesla Model S can enjoy the same convenience of charging their cars whether they are at home or elsewhere.

About Hang Lung Properties
Hang Lung Properties Limited, a constituent stock of the Hang Seng Index and Hang Seng Corporate Sustainability Indices in Hong Kong, is a leading real estate developer in Hong Kong and mainland China. Boasting a diversified portfolio of investment properties in Hong Kong, the Company has progressively branched out into the Mainland since the 1990s, building, owning and managing world-class commercial complexes in key cities, projects that have earned international acclaim for their exceptional quality of architectural design, services and sustainable features.

Riding on the immense success of its two landmark properties in Shanghai, Plaza 66 and Grand Gateway 66, the Company's footprint has expanded to Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming and Wuhan, with all the Mainland projects carrying the "66" brand. Subsequent to the grand openings of Parc 66 in Jinan, Palace 66 and Forum 66 in Shenyang, Center 66 in Wuxi and Riverside 66 in Tianjin over the past few years, Olympia 66, another world-class investment property in Dalian, will come into operation in the fourth quarter of 2015. As Hang Lung's business continues to grow, the Company is set to develop into the most admired mega national commercial property enterprise in the market.

About Tesla Motors
Tesla Motors' (NASDAQ: TSLA) goal is to accelerate the world's transition to sustainable transport with a full range of increasingly affordable electric cars. California-based Tesla designs and manufactures electric vehicles as well as renewable energy storage. Tesla has delivered more than 80,000 electric vehicles to customers worldwide.

About Model S
Model S is the world's first premium sedan built from the ground up as an electric vehicle. It has been engineered to deliver unprecedented range and a thrilling drive experience. Model S is the world's fastest four-door vehicle ever built.

With a rigid body structure, nearly 50/50 weight distribution and a remarkably low center of gravity, Model S offers the responsiveness and agility expected from the world's best sports cars while providing the ride quality of a luxury performance sedan.

Model S has received many awards and accolades, including Motor Trend 2013 Car of the Year© , Car and Driver 10 Best 2015 , AUTOMOBILE Magazine 2013 Automobile of the Year , the 2013 Yahoo! AUTOS Car of the Year, TIME's Best Invention of the Year 2012 , Consumer Reports'highest score ever given to a car, and a NHTSA 5-star safety rating .

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