New World Development Company Limited (“New World Development” or “the Group”, Hong Kong Stock Code: 00017) continues to drive its core business of property development and accelerate property sales in Hong Kong and Mainland China, achieving outstanding results. In the first quarter of this year, the Group’s residential sales in Mainland China exceeded RMB2.1 billion, representing a significant year-on-year increase of over 52%. The ultra-luxury residential project “DEEP WATER PAVILIA” in Phase 5A of THE SOUTHSIDE is set for its highly anticipated launch as early as the second quarter of this year.