To Our Shareholders,

Simmering uncertainties in the global economy and recent virus outbreak brought tremendous challenges to the business outlook this year. Amidst a complex and fickle market environment, as an enterprise which stands at the forefront of the market, we must set our sights far and wide, be persistent yet flexible in response to changes and adopt forward-looking strategies in order to leverage our advantages to maintain steady and progressive development.

New World Group has been driving its sustainable development with creative thinking. On the back of our core business clusters comprising mainly property development and property investment, we are well-positioned in Greater China with a strategic focus on the Guangdong-Hong Kong-Macao Greater Bay Area and created strong brand equity by making full use of our resources. Such strategy is reaping lucrative results.

The Group has built a comprehensive business ecosystem in the region, connecting different aspects including living, commerce, consumption, lifestyle and such. With growing contributions and business synergies, it has grown into a unique and solid cornerstone of the New World brand.

The Group’s business performance has been driven by its abundant saleable resources and growing recurring rental income through the development of its core business and strategic development footprint, the results of which we gladly share with our shareholders. Meanwhile, we have been actively involved in initiatives for fulfilling community needs, as we seek to serve the common good and create shared value through the efficient use of resources.

The Group has prided itself with the mission of growing in Hong Kong and contributing to the development of Greater China ever since its establishment. Despite current economic headwinds, we will continue to support our community and care for our staff in a mutually beneficial manner through various means as part of our undertaking of corporate responsibility, as we pledge to steer through the hard times together with our community.

Dr. Cheng Kar-Shun, Henry
Hong Kong, 28 February 2020