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 30 "New World" branded department stores, 12 "Ba Li Chun Tian" branded department stores and shopping mall in Shanghai. Among them, 37 stores are self-owned while five are managed stores. The department store retail chain covers 22 major cities in Mainland China, including Beijing, Shanghai, Shenyang, Wuhan and Chengdu etc.

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