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10 Feb

New World Group and its 28 group companies awarded as Caring Companies recognizing their commitment in corporate social responsibility

New World Development Company Limited ( "NWD", "New World Group" or the "Group", Hong Kong stock code : 17) and its 28 group companies are awarded the 2008/09 Caring Company Logo by the Hong Kong Council of Social Service today, recognizing their contribution to and outstanding performance in corporate social responsibility during the past year. This is also the fifth consecutive years NWD, Taifook Securities Group Limited, Grand Hyatt Hong Kong, Citybus Limited, New World First Ferry Services Limited, New World First Ferry Services (Macau) Limited and CiF Solutions Limited are awarded with this logo. In addition, NWD's subsidiary, NWS Holdings Limited is awarded with Total Caring Award, acknowledging its commitment to caring for the well-being of the staff and their families, as well as the customers and community.

The group companies joining NWD with the distinction this year are:

NWS Holdings Limited
New World Department Store China Limited
Tai Fook Securities Group Limited 
New World Telecommunications Limited
New World TMT Limited
Grand Hyatt Hong Kong
Renaissance Harbour View Hotel
Renaissance Kowloon Hotel
Hong Kong Convention and Exhibition Centre (Management) Limited
Hip Hing Construction Company Limited
Vibro (HK) Limited
Barbican Construction Company Limited
NWS Engineering Group Limited
New World Insurance Management Limited
New World First Bus Services Limited
Citybus Limited
New World First Ferry Services Limited
New World First Ferry Services (Macau) Limited
Urban Property Management Limited
International Property Management Limited
KLPS Group Limited
Urban Parking Limited

Uniformity Security Company Limited
Waihong Environmental Services Limited
New China Laundry Limited
Sky Connection Limited
Care & Services Company Limited
CiF Solutions Limited

New World Group has been paying its full effort in contributing to the community. Besides actively participating and supporting various charity activities, the Group's volunteering teams also provide services to those in need. On the other hand, the Group motivates cultural exchange between the Mainland and Hong Kong. All these help building a harmonious and caring society.

New World Group has been placing great emphasis on the development of local young people. Mr Adrian Cheng, Executive Director of NWD, said, "Young people are important assets and the future leaders of our society. New World Group is committed to nurture local young people by supporting social enterprise and various activities, such as forum, youth arts exhibition, Mainland-Hong Kong exchange, etc. We hope these can help them to have all-round development and become the pillar of our future society."

New World Group has organized different community activities in 2008 to support youth development. The Group set up "Road to Green - Striving for a Young New World" social enterprise together with Tuen Mun Youths Association last year. By running business in collecting used-clothes for recycling, the social enterprise aims at providing extensive on-the-job training and job opportunities for young people in need, helping them rebuild confidence in their job prospects and re-integrate into society.

In addition, the Group also organized "People Power in A New World" Youth Arts Exhibition to encourage the youngsters to develop their creativity and promote local arts as well as help raise money for Médecins Sans Frontières. The Group also organized "New Youth New World" Beijing-Shanghai Summer Internship Tour with Hong Kong United Youth Association, offering internship opportunities in state-owned enterprises and Hong Kong-owned companies in Beijing and Shanghai for university students, providing them valuable opportunities to gain hands-on experience as well as broadening horizon.

As a leader in the corporate social responsibility, New World Group is committed to take part in community services. The Group also initiates and promotes environmental policy and participates in environmental activities; the Group concerns about the work-life balance of the staff, encouraging them and their families to take part in company's activities. New World Group holds "Care for the communities we serve and respect the environment we live in" as our mission and dedicated to creating a better society.