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25 Mar

100 New World Group Properties in Hong Kong and Mainland China support Earth Hour

New World Development Company Limited ("The Group"; Stock Code: 17.HK) supports the "Earth Hour 2013" again together with its 100 retail and commercial properties in Hong Kong and Mainland China - under its three listed subsidiaries, ie, NWS Holdings Limited, New World China Land Limited and New World Department Store China Limited. On 23 March, these properties will switch off non-essential lights for one hour to demonstrate the Group's commitment to carbon reduction and preserving the Earth.

Properties in Hong Kong participating in this meaning initiative organised by World Wide Fund include New World Tower, the Hong Kong Convention and Exhibition Centre, K11 Art Mall, Discovery Park - Shopping Centre, public piers of New World First Ferry Services Limited, Grand Hyatt Hong Kong, Hyatt Regency Hong Kong, Tsim Sha Tsui, Hyatt Regency Hong Kong, Sha Tin, Renaissance Harbour View Hotel, etc. In Mainland China, a total of 42 properties under New World China Land, including Beijing New World Centre, Dalian Manhattan Tower, Shanghai Hong Kong New World Tower, Tianjin Xin An New World Plaza, and 37 stores under New World Department Stores also contribute to raising awareness of environmental protection.

The Group also encourages its employees and their family members to support with this lights-off action at home and adopta low-carbon lifestyle.

Placing great emphasis on corporate sustainability, New World Group established in early 2012 the Group Sustainability Steering Committee, chaired by Executive Director and Joint General Manager Adrian Cheng. Responsible for bringing long-term sustainable growth to the company, its employees, other stakeholders and the community in general, the Committee has issued the "Sustainability Policy" and "Supplier Code of Conduct".

New World Development Company Limited

New World Development Company Limited ("The Group"; Stock Code: 17.HK) is a leading conglomerate based in Hong Kong. The Group was founded in 1970 and publicly listed in Hong Kong in 1972. It is a constituent stock of the Hang Seng Index with a total asset value of HK$311 billion as at 31 December 2012.

For more than four decades, the Group has expanded from a single focus on the property business to four core areas: property, infrastructure, services and department store. As at 31 December 2012, the Group has an effective interest of approximately 61% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.8% in New World China Land Limited (Stock Code: 917.HK) and approximately 72.3% in New World Department Store China Limited (Stock Code: 825.HK).