LION AND DRAGON DANCE. Shoppers got a glimpse of the traditional Lion and Dragon Dance during the Chinese New Year celebration at SM City Olongapo Downtown and SM City Olongapo Central. While dancing, the lion and dragon dance performers went around the mall to get all the lucky hanging hong baos. The lion dance is one of the most important traditions during Chinese New Year. It is performed to bring prosperity and good luck. It is also a way to set a festive environment and bring happiness.