To Our Shareholders,

The lingering COVID-19 pandemic has wreaked havoc across the globe. The ongoing crisis has hit the economy hard, and presented severe challenges to supply chains. Major market changes have exerted pressure on many real estate companies and the entire industry.

Built on a solid foundation, New World Group sees opportunities amidst all the uncertainty. As the Central Government encourages quality enterprises to intensify M&A activities and diffuse industry risks, the Group has adhered to its strategy of steady and healthy development and increasing its presence in Mainland China. In the invaluable Greater Bay Area, the Group successfully secured 3 projects. While replenishing its landbank, the Group promotes the healthy development of the industry, furthering city-industry integration, and empowering cities. The Group also values and supports sustainable development, applying innovative technology in project construction, to achieve sustainability in energy use, the environment, and cities to improve the lives of people and promote Common Prosperity.

The New World Group fully believes in the future of the Motherland. As one of the earliest Hong Kong property developers to enter Mainland China, the Group has continued to developed high quality projects over the years. In response to national policies, its own strategies, and market conditions, the Group has used its expertise and advantages in diversified industries to provide stable and progressive investment in Mainland China to support urban development. The Guangdong-Hong Kong-Macau Greater Bay Area sits at the heart of national development priorities. Through its forward thinking and strategic planning, the Group has deeply rooted itself in the Greater Bay Area, and has invested over RMB200 billion in the past few years.

At the same time, the Group has put innovation and social responsibility as top priorities, harnessing the power of business to give back to society and create shared value. With roots in Hong Kong, we empathize with Hong Kong, watching before our eyes as Hong Kong’s fifth wave continues to wreak havoc. The Group has come together will all walks of life to fight the pandemic, joining hands with society. Seeing the housing affordability issue in Hong Kong over the years, we established “New World Build for Good”, a social housing enterprise to build Hong Kong’s first not-for-profit privately subsidised housing project, in an effort to improve resident’s living conditions with innovative thinking. We stand with our citizens, working together relentlessly to solve the issues that Hong Kong residents face, and growing with Hong Kong.

In “Tao Te Ching”, Lao Tse remarked that “great oaks grow from small saplings; towering platforms are built from piles of soil; a thousand-mile journey begins with a single step.” Likewise, the road to success is built upon gradual and steady accumulation. For over five decades, New World Group has progressed steadily from a real estate developer to a conglomerate. “Prioritize stability while pursuing progress” is the tone set by Central Economic Work Conference for China in 2022. Standing at the onset of the 14th Five-Year Plan, we adopt the strategy of “Seeking Success through Stability, Broadening Revenue Streams and Reducing Expenditure” as we embark on the path towards high quality development, and create value for our shareholders and society.

Dr. Cheng Kar-Shun, Henry
Chairman
Hong Kong, China, 25 February 2022