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21 Sep

New World Group Won International Annual Report Awards

New World Group has recently won awards in the International ARC Awards 2005, the widely recognized "Academy Awards of Annual Reports". New World China Land Limited ("NWCL"), Hong Kong stock code: 0917) FY2004 Annual Report won the Honours Award in "Overall Annual Report : Construction / Engineering" category; while New World TMT Limited ("NWTMT", Hong Kong stock code: 0301) FY2004 Annual Report, together with "New World TMT Review" won the Silver Award in "Overall Annual Report : Printing & Publishing" category.

"We are very pleased that our annual reports have won international recognition in this annual event that was considered as the 'Academy Awards of Annual Reports'." Mr CF Kwan, Director of Corporate Affairs, New World Group, said. "For NWCL, this is the third year for winning the award. Being awarded for three consecutive years in international competition reflects our continual determination in maintaining high level of transparency and disclosure. We will further our effort of achieving excellence in our annual reports, which is an important tool in investor communication."

For NWCL FY2004 Annual Report, Shanghai Hong Kong New World Tower, a new landmark in Shanghai Central Business District, is the cover photo. Its neo-classical design has been emphasized through special computer graphical treatment to highlight a new aesthetic modern Chinese metropolitan. With magnificent photos depicting the company's key properties and the lifestyle of their residents in Mainland China, the well structured report show readers how NWCL's strategy has contributed to shape the country's property sector by building quality properties where residents enjoy living and working.

The New World TMT FY2004 Annual Report was published as a package of three books - the annual report itself, and the English and Chinese versions of a magazine entitled "New World TMT Review", which highlighted the latest developments in the Telecom, Media and Technology industries as well as the major projects that New World TMT was spearheading.

The International ARC Awards, sponsored by MerComm, Inc., are the world's largest competition honouring excellence in annual reports. The annual competition receives entries from hundreds of companies across sectors from around the world. Annual reports are judged on the basis of several elements, including presentation of corporate information, expression of financial data, how well the spirit of the organization is communicated, clarity of written text and effectiveness of design.