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Hang Lung Advances Real Estate Decarbonization with First Mainland Project Using Nearly 100% Low Carbon Emissions Steel in its Building Structure

Collaboration with Baosteel sets new benchmark for steel emissions data collection; Plaza 66 Pavilion Extension in Shanghai achieves a 35% reduction from baseline steel emissions

HONG KONG SAR / SHANGHAI, CHINA - Media OutReach Newswire - 27 November 2024 - Spearheading the effort to decarbonize real estate across China, Hang Lung Properties Limited (SEHK stock code: 00101) ("the "Company" or "Hang Lung") is using nearly 100% low carbon emissions steel for all above ground structural plates (to be manufactured into columns and beams) and reinforcing bars of its Pavilion Extension at its flagship Plaza 66 mall in Shanghai.

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