New World Development Company Limited (“New World Development” or the “Group”, Hong Kong Stock Code: 00017) officially unveiled New World 188, its first large-scale city-industry integrated development in Shenzhen, further expanding the Group’s footprint in the Guangdong-Hong Kong-Macao Greater Bay Area. The first phase of the residential component, named WELLSPRING, is set to launch this quarter. The first batch, comprising approximately 300 units, will feature primarily large units of three bedrooms or above, creating ideal residences for urban elite families and multi-generational households.