Media OutReach
Hang Lung Partners with Shanghai Join Buy Group to Announce No. 1038 West Nanjing Road Commercial Project
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 |
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
The issuer is solely responsible for the content of this announcement.
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.
Media OutReach
90 Million Downloads & Counting: ELSA Speak’s AI helps HK Professionals Increase Market Value and Unlock Global Opportunities
“Dumb English” as a Career Ceiling: Strong Reading and Writing, Weak Oral Skills
The Hong Kong workplace demands precision and efficiency. While many professionals have solid reading and writing skills, they often lose confidence during multinational meetings or high-pressure interview negotiations due to pronunciation challenges. The local education system’s long-standing exam-oriented culture, which “emphasizes reading and writing while neglecting listening and speaking,” combined with the outflow of core talent aged 31 to 40, means that if the new generation’s spoken communication skills are not improved, Hong Kong’s linguistic advantage as an international financial center could be further weakened.
Silicon Valley Patented AI: Transforming English from “Burden” to “Asset” in Just 10 Minutes a Day
- Personalized Learning: ELSA Speak offers a “Personalized Learning Path” that targets users’ professional backgrounds, English levels, and learning goals, creating tailored courses. It covers core dimensions such as pronunciation, accent, conversation, grammar, and vocabulary, emphasizing “learning by application” to save busy professionals from blindly searching for resources, ensuring every practice session translates into workplace competence.
- Phoneme-Level Accuracy Correction: With a patented AI technology boasting over 95% accuracy, ELSA Speak can instantly analyze pronunciation, stress, and intonation, providing guidance for common pronunciation pitfalls among Asians.
- AI Role-Playing: By simulating various everyday and workplace scenarios, ELSA Speak makes learning faster and easier, closely mirroring real-life situations, such as “how to advocate for resources from overseas supervisors” or “negotiating salaries under pressure,” enabling users to practice before entering actual scenarios.
- Authoritative Course Integration: Partnering with leading global publishers, ELSA Speak offers comprehensive professional courses in business English, IELTS, and TOEFL, supporting competitiveness for overseas positions.
“Good English is not measured by your exam scores, but by your ability to hit the key points in meetings.” ELSA Speak employs a “Native-like Score” mechanism, making progress visible, so language proficiency is no longer subjective but a clearly demonstrable “career asset.”
2026 Career Investment: Breaking the Salary Ceiling
ELSA Speak is not just a learning tool; it’s a catalyst for transforming regional talent into “global high-paid professionals.” The innovative application of ELSA Speak has also attracted significant attention, sharing at the ATD 2025 Asia-Pacific Conference in Taiwan how AI can drive personalized training, turning precise English skills into quantifiable corporate competitiveness, helping businesses build future talent teams.
Currently, ELSA Speak is fully available for download on the App Store and Google Play. Starting now, you can click the link to experience your personalized learning journey and position yourself for job transitions and salary increases in 2026.
Learn more about ELSA Speak: https://tinyurl.com/elsa-pr2025-hknews
Download the ELSA Speak app: https://elsaspeak.onelink.me/1AuS/hk25
Hashtag: #ELSASpeak
The issuer is solely responsible for the content of this announcement.
Media OutReach
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- Geely advanced from “Full-Domain AI 1.0” to 2.0, while officially launching the G-ASD intelligent driving system to accelerate the transition to high-level autonomous driving.
LAS VEGAS, USA – Media OutReach Newswire – 7 January 2026 – Geely Auto Group attended the Consumer Electronics Show (CES) 2026 for the third consecutive year, reinforcing its commitment to leading the next era of intelligent mobility. As CES continues to evolve into an AI-driven cross-industry innovation platform, Geely took center stage to unveil two major breakthroughs that will redefine the technical foundation of next-generation smart vehicles: Full-Domain AI 2.0, Geely’s upgraded vehicle intelligence architecture, and G-ASD (Geely Afari Smart Driving), Geely’s newly launched intelligent driving system designed to accelerate the transition to high-level autonomous driving.
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Jerry Gan, CEO of Geely Auto Group: “AI is reshaping the automotive industry in many ways, from powertrains and components to a systematic reconstruction of mobility ecosystems and lifestyles. Geely is committed to creating safe, sustainable, and intelligent mobility for the world.”
Li Chuanhai, CTO of Geely Auto Group: “By 2030, cars will evolve into ‘Super Intelligence’ with emotional awareness, proactive service, and continuous evolution. G-ASD and Full-Domain AI 2.0 are not distant concepts—they are tangible innovations that integrate with cockpits and chassis to deliver highly humanlike, super intelligent, and extremely user-friendly experiences.”
Hashtag: #Geely
The issuer is solely responsible for the content of this announcement.
Media OutReach
Jorakay Corporation Appoints Dr. Jirat Sirichalermpong as New CEO, Effective January 5, 2026
Jorakay Corporation remains committed to developing world-class solutions that address sustainability under its “Build Your Tomorrow Now” concept, guided by three core pillars: elevating quality of life for Thai people (Life Beyond), building strong foundations to grow with partners (Opportunity Beyond), and reducing environmental impact to preserve a livable world for future generations (Sustainability Beyond).
Hashtag: #JorakayCorporation
The issuer is solely responsible for the content of this announcement.
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