New World Development

The Group is also involved in a number of other businesses. Most of them are complementary to the Group's core operations.

	New World Telecommunications Limited New World Telecommunications Limited ("NWT") has transformed from a traditional telecom carrier into a next generation IP and telecom service provider, offering a portfolio of voice, data and content services to both business customers and consumers. NWT proactively partners with local and global IT and telecom powerhouses, as well as content providers, to extend its service portfolio and global reach. To enable high-speed and reliable Internet connections, NWT also joins hands with major local broadband service providers in establishing Private Internet Peering Agreement.

	New World TMT Limited New World TMT Limited ("NWTMT") is the telecom, media and technology investment arm of the Group. NWTMT's portfolio contains more than 30 innovative projects in the TMT sectors in Mainland China and the Asia Pacific Region. The focus is to create a compelling mix of sound investment position by capitalizing on the convergence of TMT applications and the enforcement of synergy with other companies of the Group.

	New World China Enterprises Projects Limited New World China Enterprises Projects Limited (“NWCEP”) is the investment and project manager of the New World Enterprise Holdings Limited group (“NWEH”). NWEH invests in industrial projects in Mainland China and Hong Kong, involving in sectors such as industrial manufacturing, consumer goods production, production management and retail distribution chain stores, etc. One of the mandates of NWCEP is to identify strategic investment opportunities in high growth companies with listing potential. NWCEP also acts as the project manager for a China-focused private equity fund, namely New World Liberty China Ventures Limited.