New World Department Store China Limited

New World Department Store China Limited ("NWDS"; Hong Kong stock code: 00825) is the retail arm of the Group in Mainland China and is also one of the largest owners and operators of department stores in Mainland China. Established in 1993, NWDS operates a large national network comprising 26 "New World" branded department stores in Mainland China and 11 "Ba Li Chun Tian" branded department stores and shopping malls in Shanghai. The department store retail chain covers 19 key locations in Mainland China, including Beijing, Shanghai, Shenyang, Wuhan and Chengdu etc.

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