To Our Shareholders,

Xunzi, a thinker in the Warring States Period in China, once mentioned the importance of learning. In “Xunzi, An Exhortation to Learning”, the gentleman says, “In learning there can be no respite.” Blue derives from indigo plant yet it is bluer than the plant. Ice comes from water yet it is colder than water. Through steaming and bending, you can make wood as straight as an ink-line into a wheel. And after its curve conforms to the compass, even when parched under the sun it will never become straight again as the steaming and bending have made it a certain way. Hence wood becomes straight when it comes under the ink-line, and metal becomes sharp when it is brought to the whetstone. Likewise, the gentleman will become keen minded and his conduct will be without fault when he learns extensively and examines himself thrice a day.

To gain a firm foothold in today’s fickle world, apart from a solid foundation, one must also have a humble attitude and the courage to challenge, and keep learning and making progress.

2020 marks the 50th anniversary of the founding of New World Group. Since its founding in 1970, the Group has been rooted in Hong Kong with the backing of the Nation, and has been through thick and thin during which it has established milestones one after another through laying a solid foundation of core property business and constantly pursing innovations and changes with a human-centric corporate philosophy and a dedicated team.

In the 1970s, the Group developed the New World Centre, the then new landmark in Hong Kong at the former site of the Holt’s Wharf on the waterfront of Tsim Sha Tsui. It received wide popularity and brought fresh vibe to Tsim Sha Tsui and became a cultural melting pot. Despite the passing of time and changes taken place in society and culture, New World has always upheld its humility and remained focus, learnt trends through the tiniest details and embraced innovation boldly on the foundation of its success in the property development market.

Half a century later, while preserving and inheriting the culture, we recreated the New World Centre. With a new look and orientation towards the cultural tastes of the new generation, the brand-new and groundbreaking Victoria Dockside has once again become a landmark of culture and arts in Hong Kong, reimagining different aspects of life such as shopping, commerce, housing.

2020 is also the final year of the National 13th Five-Year Plan and the year designated to attain the well-rounded goal of building a society of moderate prosperity. At the same time, the plan also demanded acceleration in the development of the Guangdong-Hong Kong-Macao Greater Bay Area. Despite the threat posed by the epidemic, the Group is fully confident in the development of the Nation. In recent years, it has increased its investments in the Greater Bay Area. While strengthening the growth momentum of its business, the Group has been completing its unique ecosystem by injecting art and cultural elements into its old city redevelopment projects in Mainland China and major projects and premium residences in Hong Kong, in order to promote society development and enhance quality of life, creating more shared value for shareholders and the society.

Dr. Cheng Kar-Shun, Henry
Hong Kong, 30 September 2020