HONG KONG SAR – Media OutReach Newswire – January 30, 2024 – Hang Lung Group Limited (stock code: 00010) and Hang Lung Properties Limited (stock code: 00101) today announced the retirement of Mr. Ronnie C. Chan from his functions as president, an Executive Director and Chairman of the Group’s Executive Committees. Mr Chan will not take on a non-executive director role on the boards following his retirement. At the same time, the Boards of Directors announced the appointment of Mr. Adriel Chan, the current Vice Chairman, as Chairman of both companies effective from the conclusion of the Annual General Meetings to be held on April 26, 2024. In recognition of Mr. Ronnie C Chan, the Boards of Directors will award him the title of “Honorary Chairman” upon his retirement.
Mr. Adriel Chan, 41, joined the Companies in 2010. He was appointed Executive Director of the Boards in 2016 and became Vice Chairman in September 2020. Mr. Chan has led all aspects of the Companies . He also created and chairs the corporate sustainable development steering committee.
Commenting on this new appointment, Mr. Ronnie C. Chan said: “The Boards of Directors and I are pleased to announce the appointment of Adriel as the new Chairman of the Companies, a decision which has been carefully planned and which reflects the culmination of a long succession. guided by the boards of directors. Throughout her tenure, Adriel has demonstrated exceptional leadership qualities by implementing our strategic vision, successfully completing several critical projects and championing sustainability initiatives. I have full confidence in Adriel, who will inject a new wave of energy into the “legacy that my father, Mr. Chan Tseng-hsi, founder of Hang Lung, and I have built, and I am sure that he will take businesses to new heights.”
Mr. Adriel Chan said: “I am honored to take over as Chairman of Hang Lung. Above all, I am deeply grateful to my father, Mr. Ronnie C. Chan, whose vision and leadership over the past four to five decades has placed Hang Lung on the path of strong and stable growth and established the solid foundations on which we find ourselves today. He has been instrumental in guiding and training me, giving me the confidence to take the reins during this unique time for our markets, and indeed, the world.
I also thank our boards of directors for their continued commitment and dedication to the companies. I look forward to continuing Hang Lung’s pursuit of excellence in all aspects, with the aim of creating sustainable returns for all our stakeholders. »
The companies also announced today further changes to the boards of directors of Hang Lung Group and Hang Lung Properties. Details can be found in announcements published on our corporate websites and on the Hong Kong Stock Exchange website..
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