About NEW WORLD DEV Company

New World Development Limited (the “Group”; Hong Kong stock code: 00017) was established in 1970 and listed in Hong Kong, China in 1972. It is a constituent stock of the Hong Kong Hang Seng Index. As a brand with a unique personality, the Group's main business includes property development, property investment and investment and/or operation of highways, commercial aircraft leasing, construction, insurance, hotels and other strategic businesses throughout Greater China, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area. As of June 30, 2020, the total assets of the Group totaled approximately HK$600.2 billion. The Group's two listed companies, namely Xinchuang Group Co., Ltd. and New World Department Store China Co., Ltd., are wholly-owned by New World China Real Estate Co., Ltd. The Group has full confidence in the country's development and has been actively seeking development opportunities. As of December 31, 2019, we currently have investments in more than 19 major regions in mainland China. The Group strives to achieve sustainable development and balance profits, humanity and the environment in its daily operations. While providing reasonable returns to investors, we do our best to take care of the needs of the environment and society, and shoulder social corporate responsibilities. The Artisanal Movement is the best definition of a new world brand personality. It is a lifestyle belief that carries our hopes for culture. As the times become more electronic, the subtlety, emotion, and temperature of culture are even more precious. Through Collect.Connect.Collide, we incubate beautiful ideas from around the world, so that everyone can awaken the ingenuity they have always felt. As our business grows with society, we now bring a new goal to this cultural vision — to share value for different stakeholders in society and create a win-win situation with society. We believe that with the power of business and innovation, we can give back to society, and by focusing on the three core elements — culture and creativity, sustainable development, and social innovation, we can closely link business success with social progress.