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Press Release

SHKP’s “The Wings” series^ presents its ultimate masterpiece

Seafront development “Ocean Wings” in Tseung Kwan O town centre

(29 February 2016, Hong Kong) Developed by Sun Hung Kai Properties Limited (SHKP) at a

premium location along the seafront of Tseung Kwan O, the large-scale residential development is

officially named “Ocean Wings”. “Ocean Wings” is the final brand new residential development for

sale along the central avenue proposed and planned by the Government in Tseung Kwan O Town

Centre. The Development will crown the Tseung Kwan O metropolis with its outstanding privileges of

the seafront location, convenient transport network and well-planning. It is also the ultimate

masterpiece of “The Wings” series^, succeeding the series’ modern and stylish designs to create the

new epitome of metropolitan lifestyle.

As the ultimate masterpiece of “The Wings” series^, the Development enjoys the extensive sea view

offered by the premium seafront location overlooking the charming Island East#. The magnificent

views grant the Development its name - “Ocean Wings”, which also represents the ocean’s versatility

and its cultural symbol as the cradle of civilization, indicating the Development’s advantageous

location with great potential for further optimization. “Ocean Wings” will offer 628 quality residential

units, which are spread out in a low-density arrangement. Some of the facade will adopt a smart

curtain wall design to create a magnificent appearance. With the Development’s premium materials,

stylish designs and diverse layouts mainly from 1-bedroom to 4-bedrooms, its residents can enjoy a

privileged comfortable living environment.

“Ocean Wings” is in close proximity to Tseung Kwan O MTR Station and enjoys a convenient

transport network and facilities. The commute time from Tseung Kwan O MTR Station to Kowloon

East’s business district, Kwun Tong, is around 11 minutes** by MTR; and it only takes around 10

minutes** to travel to Island East’s new business district, Quarry Bay; around 12 minutes** to North

Point; and only around 26 minutes** to Central, creating a wide-reaching convenient transport network.

There are diverse facilities around the Development, including the integrated development atop

Tseung Kwan O MTR Station comprising the large-scale shopping centre PopCorn, two international

hotels “Crown Plaza Hong Kong Kowloon East” and “Holiday Inn Express Hong Kong Kowloon

East”, the stylish luxury suite hotel “Vega Suites”, and Grade-A offices, and so on. The Government is

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also actively developing Tseung Kwan O in recent years, and it proposes to relocate some

governmental departments to the 4 proposed government buildings in Tseung Kwan O, which would

turn the district into a more diverse community. Additionally, the Government approved French

international school “Lycée Français International de Hong Kong” to build its new campus in Tseung

Kwan O, which will offer around 950 places for secondary and primary students°. The diverse choice

of quality schools in the area will surely attract young families who wish for the best for their children

and themselves.

Tseung Kwan O is becoming a more well-developed district and has become one of the latest modern

metropolitan towns***, and the land supply in Tseung Kwan O South is getting limited and precious.

“Ocean Wings” is the ideal choice for buyers looking for a contemporary chic lifestyle in terms of its

location, architectural design, layouts, views and facilities. It is expected that the Development will

become a jewel in the market and a hot item for buyers within the district, as well as areas like Island

East and Kowloon East.

–End –

District: Tseung Kwan O Name of the street and the street number of the development: 28 Tong Chun Street* The website address designated by the vendor for the development: www.oceanwings.com.hk Name of the development: Ocean Wings (“the Development”)

Vendor: Hinwood Investment Limited

Holding companies of the vendor: Sun Hung Kai Properties Limited, Total Corporate Holdings Limited and Hanafin Holdings Limited

Authorized person of the Development: Lee Ming Yen Jennifer

The firm or corporation of which the authorized person of the Development is a proprietor, director or employee in his or her professional capacity: P&T Architects and Engineers Limited

Building contractor for the Development: Yee Fai Construction Company Limited

The firm of solicitors acting for the vendor in relation to the sale of residential properties of the Development: Woo Kwan Lee & Lo, Mayer Brown JSM and Sit, Fung, Kwong & Shum

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Authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the Development: The Hongkong and Shanghai Banking Corporation Limited, to be provided before commencement of the sale.

Any other person who has made a loan for the construction of the Development: Sun Hung Kai Properties Holding Investment Limited

The estimated material date for the Development as provided by the authorized person of the Development to the best of the vendor’s knowledge: 31st December 2017

(“material date” means the date on which the conditions of the land grant are complied with in respect of the Development. The estimated material date is subject to any extension of time that is permitted under the agreement for sale and purchase.)

Prospective purchasers are advised to refer to the sales brochure for any information on the Development.

This advertisement is published by the vendor or by another person with the consent of the vendor.

The photographs, images, drawings or sketches shown in this advertisement/promotional material represent an artist’s impression of the development concerned only. They are not drawn to scale and/or may have been edited and processed with computerized imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the development. The vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby. ^The Wings series refers to the development(s) known respectively as The Wings, The Wings II, The Wings IIIA, The Wings IIIB and Ocean Wings. The Wings, The Wings II, The Wings IIIA, The Wings IIIB and Ocean Wings are five independent developments, each of which is governed by a separate set of land grant documents. The owners of the residential units of Ocean Wings are not entitled to use the common areas and facilities (including but not limited to the recreational areas and facilities) forming part of The Wings, The Wings II, The Wings IIIA or The Wings IIIB. #It is only a brief description of the surrounding area of the Development. It does not represent all units can enjoy the said view. The view is affected by the unit’s floor level, orientation, surrounding buildings and environment, and is not applicable to all units of the Development. The buildings, facilities and environment around the Development may change from time to time. The Vendor does not make any offer, undertaking, representation or warranty whatsoever, whether express or implied regarding the view and surrounding environment of the Development. **Source: MTR Corporation website (www.mtr.com.hk)

°Source: The Consulate General of France in Hong Kong & Macau website (www.consulfrance-hongkong.org); and the Information Services Department website (www.isd.gov.hk)

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***The environment, buildings and facilities surrounding the Development may change from time to time. The Vendor does not make any offer, representation, undertaking or warranty (whether express or implied) as to the environment and facilities of the Development and its surroundings. The Vendor also advises prospective purchasers to conduct on-site visit for a better understanding of the development site, surrounding environment and the public facilities nearby.

Consent to sell units in the Development has not yet been obtained.

*The above provisional street number is subject to confirmation when the Development is completed.

Date of Printing: 29th February 2016