Corporate Statement

New World Development Company Limited (the “Company”) hereby issues a formal statement on 3 May 2023, to strongly clarify recent reports of the name and images of the Company’s senior management being used on social media and websites to lure users into clicking on fraudulent advertisements and websites claiming to be involved in suspicious cryptocurrency transaction platforms. The Company emphasises that it has never issued or authorised any such advertisements, nor has the senior management conducted the so-called interviews as claimed by such advertisements. All remarks in these advertisements are entirely fictitious.

The Company urges members of the public to be vigilant against such fraudulent information and has reported the incident to the law enforcement department to follow up on the matter.