The Government of the Hong Kong Special Administrative Region (HKSAR) has announced today that the Grand Bauhinia Medal will be awarded to Dr Cheng Yu Tung, Chairman of the New World Development Company Limited ("NWD", Hong Kong stock code: 17), in recognition of his significant contribution to the Hong Kong society. The Grand Bauhinia Medal is the top honour among the list. Dr Cheng is very pleased to be awarded, "I am grateful and greatly honoured to receive this Medal from the HKSAR. In the past years, I have been committing to contribute to the society with my best endeavour, especially in motivating education and training up youngsters. In the future, I will vow to contribute to my best to the community, to Hong Kong and to our motherland."