To Our Shareholders,

Fickle international politics looks perplexing at times. Uncertainties and contingencies give rise to downside pressure, rocking the foundations for some sectors and putting entrepreneurs to daunting tests, as it all comes down to whether they have the perseverance, judgement, acumen, awareness and broad-mindedness to ride the tide and succeed against all odds.

A corporate should be constantly engaged in proactive thinking, looking not just for short-term solutions but, more importantly, also for comprehensive, versatile strategies based on its core corporate values and facilitated through judicious observation, vision for the long-term and utmost prudence. Given our formidable strengths built over the years and the benefit of our innovative thinking, there is no doubt that together we can overcome the present challenges and turn crises into opportunities.

With solid foundations in Greater China, New World Group seeks to grow with the society and actively support the development of our country and Hong Kong. As we prepare to celebrate our 50th anniversary in 2020, let us cherish all successes, great and small, that we have achieved over the years and pledge for ongoing development and exploration of new frontiers on the back of our proven track records.

The driving force behind the ever-forward venture of New World Group is underpinned by a humble approach and persistence in a human-centric mindset. Through vigorous efforts in the innovation of its products and services, the Group is dedicated to contribute to the building of a sustainable culture of living compatible with the nature of our communities.

The Belt and Road Initiative and the development of the Guangdong-Hong Kong-Macao Greater Bay Area advocated by our country will present Hong Kong and the city clusters with enormous opportunities for development. We have full confidence in the economic prospects of our country and Hong Kong. The Group is well-positioned to create value for stakeholders and the society through business deployment in key markets with a primary focus on property business complemented by efforts to enhance the allocation of business clusters.

Dr. Cheng Kar-Shun, Henry
Chairman
Hong Kong, 25 September 2019