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14 May

Annual Reports of New World Group have won International Astrid Awards

New World Group has been honoured outstanding achievement in professional communications at the 18th International Astrid Awards. New World Development Company Limited ("NWD", Hong Kong stock code: 17) FY2007 Annual Report has won the Gold Award in the category of "Annual Report - Overall Presentation: Corporations", while NWS Holdings Limited ("NWS"; Hong Kong stock code: 659) has won the Bronze Award in the same category. NWS has also won "Annual Report - Photography" Gold Award and New World China Land Limited ("NWCL", Hong Kong stock code: 917) has won the Silver Award in the category of "Annual Report - Cover".

Annual reports of New World Group have achieved triumph in international renowned competitions in the past years. FY2007 annual reports of the Group were also presented with a number of awards in the 21st International Mercury Awards in February this year. The Awards at the Astrid Awards further justified the Group's outstanding performance in its annual reports.

"We are proud that our annual reports have obtained international recognition in the world's renowned competition, honouring excellence in public relations and corporate communications." Mr Adrian Cheng, Executive Director of New World Group said, "The winning of the awards is a testimony to the Group's effective communications and reflect our continual determination in maintaining high level of transparency and disclosure. We will continue to achieve excellence in our annual reports, which are important tools in investor communication."

NWD FY2007 Annual Report is highly regarded particularly for its transparency and clarity in communication with high quality photos, aiming to enhance effective communication with stakeholders ranging from shareholders to employees and the community.The cover of the Annual Report demonstrates a full account of the Group's four core business: Property, Infrastructure, Service and Department Store, conveying NWD's vision of creating a new world of opportunities.

With the theme of "Sustaining Business Growth, Upholding Corporate Citizenship", NWS FY2007 Annual Report has outlined the Group's vision, mission and core value. High quality photos have illuminated the group's business performance and corporate citizenship projects for FY2007 and has successfully portrayed the positive image of NWS.

The cover of NWCL FY2007 Annual Report features photos of Wuhan New World Center outlook, showing the readers how NWCL has provided first-class living to people in Mainland China by building quality properties where residents enjoy "New Living", "New Way to Work", "New Culture and Entertainment" and "New Style of Leisure".

The Astrid Awards, organized by MerComm, Inc., are considered as the most highly respected and prestigious by industry peers. The programs honor outstanding Achievements in 15 different Design Communications, and were founded to promote excellence in the various fields of communications. With over 400 entries from different countries, the awards were judged by a panel of leading designers, art directors, and graphic artists from all over the world, whose professionalism ensured the competition's long-standing tradition of impartiality and integrity.