New World Development Company Limited (“New World Group”, “the Group”; Stock Code: 17.HK) is delighted to announce that Adrian Cheng, Executive Director and Joint General Manager, has been promoted to Executive Vice-chairman, effective 1 April 2015.
Since assuming the position of Executive Director and Joint General Manager in March 2012, Adrian Cheng has been spearheading the Group’s business and made it one of Hong Kong’s top three property developers in both sales performance and development. Under his leadership in the past three years, the Group has won over 100 honours for excellence in corporate governance, sustainability, public relations, family-friendliness and talent development. In 2012, Mr Cheng was also named one of Fortune Magazine’s 40 under 40, a list that celebrates the most influential young people in business for the year.
Over the past three years, the Group has been strengthening its elite team and management in tandem with promoting innovative and intrapreneurial spirit among its staff. Committed to quality enhancement, Mr Cheng steers the launch of The Artisanal Movement, a journey that injects craftsmanship, uniqueness and innovation into its products and services, infusing tailored-made designs by world-class designers into residential projects. Mr Cheng is also a pioneer in merging paint art with brand marketing, a new interpretation that has not only accentuated the projects’ uniqueness, but has also promoted art appreciation by the general public. These artisanal elements have all contributed to the Group’s success in surpassing its sales targets in recent years.
As founder and chairman of K11 Art Mall, Mr Cheng has shaped K11 into a core, indigenous yet global brand that blends Art · People · Nature. By 2020, K11 will boast a portfolio of 19 projects across Mainland China, inclusive of its art malls in Hong Kong and Shanghai. Mr Cheng also established K11 Art Foundation, offering opportunities and platforms to emerging local and Mainland Chinese artists in contemporary art.
Committed to promoting corporate sustainability, Mr Cheng spares no effort to integrate the concept into business operations. As founder of New World Springboard, a sustainable community programme, Mr Cheng helps instill indomitable spirit in under-resourced youths and improve their social mobility through offering them long-term professional sports training. His other endeavours include bringing back Hong Kong’s famous cross-harbour swim by organising New World Harbour Race in 2011, promoting the sport of swimming locally while making the race a focal point in the international sporting scene.
Under Mr Cheng’s leadership, the Group is poised to advance to the next level through teamwork, continuous pursuit of quality, as well as innovative deployment of artisanal elements.
New World Development Company Limited
Founded in 1970, New World Development Company Limited (“New World Group”, Stock Code: 17.HK) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A diversified holding company with a focus on property development, New World Group’s core business areas include property development, infrastructure and service, department stores and hotels. As at 31 December 2014, the total asset value of the Group amounted to HK$378.5 billion.
As at 30 June 2014, the Group has an effective interest of approximately 61.3% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.7% 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).