Lanson Place Hospitality Promotes Ms Jo Leung to COO & Mr John Wong to Head of China Operations

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. June 11, 2014

HONG KONG - June 11, 2014 - Today, Lanson Place Hospitality Management Limited (Lanson Place) announced the promotions of two key executives. Ms. Jo Leung has been promoted to Chief Operating Officer. Mr. John Wong has been promoted to Head of China Operations. These new assignments have been made in preparation of Lanson Place's expansion in Asia.

Mr. Marc Hediger, Chief Executive Officer of Lanson Place, said, "Jo and John are our two dynamic leaders who share their vision, values and passion and will be instrumental in helping us to further develop Lanson Place as a premium hospitality brand in Asia."

Jo joined Lanson Place as Head of Finance in 2013, in her new capacity, she will be responsible for strategy, operations, business performances, talent recruitment, training and development of Lanson Place.

John joined Lanson Place in 2008 and was formerly the Regional General Manager of Beijing and Shanghai. In his new role, John will be responsible for all aspects of pre-opening and operating properties in China, he will also support the team in business development in China.

About Lanson Place Hospitality Management Limited

Lanson Place is a wholly owned subsidiary of Wing Tai Properties Limited, a publicly listed company in Hong Kong (HKEx stock code: 369), currently manages nine properties (four of which Wing Tai has equity in) under the Lanson Place brand, comprising high-end serviced apartments and a boutique hotel in Hong Kong, Beijing, Shanghai, Kuala Lumpur and Singapore.

Lanson Place properties are generally located in close proximity to the central business district as well as shopping and entertainment precincts. Lanson Place aims to offer attentive and personalized service with the convenience of a luxury hotel and the comfort and privacy of home.

The Group will continue to grow the "Lanson Place" brand as a pan-Asian brand and will continue to explore investment and management opportunities mainly in gateway cities in the Asia-Pacific region. Lanson Place Bukit Ceylon Serviced Residences in Kuala Lumpur has opened in August 2013 while Aroma Garden Serviced Suites by Lanson Place in Shanghai is scheduled to open in late 2014.