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16 Apr

NWDS Receives Two Awards in 5th Asian Excellence Recognition Award with Outstanding Corporate Governance and Investor Relations

New World Department Store China Limited (“NWDS” or the “Company”; Hong Kong stock code: 825), one of the largest owners and operators of department stores in Mainland China, is pleased to announce that the Company was elected as the “Best Investor Relations Company (Hong Kong)” repeatedly in the 5th Asian Excellence Recognition Award” organized by Corporate Governance Asia, the most authoritative journal on corporate governance in Asia. Moreover, Ms. Rebecca Woo, Corporate Affairs Director of NWDS garnered the honorary title of “Best Investor Relations Professional (Hong Kong)”. The awards demonstrate the Company’s transparency and information disclosure have reached international standards.

Asian Excellence Recognition Award is organized by authoritative journal Corporate Governance Asia, aims to recognize excellence in financial performance, investor relations, business ethics, corporate social responsibility and environmental practices of companies around Asia. It is also to appreciate the outstanding achievements of corporate leaders in investor relations. All awards are chosen among thousands of corporations in Asia Pacific based on their quantitative score and research results gathered from investor interviews conducted by the organizer.

NWDS understands the importance of investor relations. Hence, besides regular meeting with analysts, the Company discloses information in a timely manner through diversified communication channels, including results briefings, roadshows, announcements, press releases, corporate website and annual reports to help investors’ better understand the Company’s business performance and latest development so as to boost their confidence in the Company. The interactive communication offers a platform for the management to gather investors’ feedbacks and concerns which in return serve to continuously improve and optimize the Company’s related policies in order to live up to investors’ and stakeholders’ expectations. Ms. Rebecca Woo, Director of Corporate Affairs, was awarded as the “Best Investor Relations Professional (Hong Kong)” with her outstanding achievement in establishing an effective two-way communication between the management and investors.

Mr. Philip Cheung, Managing Director and Executive Director of NWDS, said, “NWDS has always strived to maintain good investor relations and has a team of professional and passionate investor relations personnel to carry out the duty. It is our honor that the Company’s investor relations efforts have received repeated industry-wide recognition. Looking forward, we will continue to maintain a mutually favorable communication with various stakeholder groups such as shareholders and investors in a transparent and open manner. Meanwhile, we will also actively refer to best practices from the industry and other leading corporations, striving to lift our disclosure standards to another level to create value for stakeholders, and ultimately becoming one of the most trustworthy listed companies.”