New World Development Company Limited (“New World Development” or “NWD” or the “Group”) is actively advancing the development in the Northern Metropolis while accelerating the unlocking of its agricultural land value. The Group and China Resources Land (Overseas) Limited (“CR Land (Overseas)”) jointly develop two residential projects in Yuen Long South, Northern Metropolis. The projects are expected to provide approximately 1,800 homes, addressing the growing demand for quality housing in the market. The first site recently completed the land premium payment and ground-breaking ceremony.
    
The ground-breaking ceremony for a residential project in Yuen Long South, located in the Northern Metropolis, was officiated by Mr. Chang Ying, Jack, Vice President of CR Land and Chairman of CR Land (Overseas); Ms. Huang Shaomei, Echo, Executive Director and Chief Executive Officer of NWD; Mr. Wai Siu-Fan, Johnson, Deputy Managing Director of CR Land (Overseas); Mr. Sitt Nam-Hoi, Executive Director and Head of Property Development of NWD; Mr. Ng Chu-Wa, Elliott, Project Director of CR Land (Overseas); Mr. Lau Fu-Keung, Edward, Executive Director, Chief Financial Officer and Joint Company Secretary of NWD; Ms. Li Xin, Jenny, Finance Director of CR Land (Overseas); Ms. Chiu Wai-Han, Jenny, Executive Director and Head of Corporate Services of NWD; Mr. Kong Jian, Sales and Marketing Director of CR Land (Overseas); Mr. Chan Chi-Wai, Edwin, Head of Projects, Project Management Department of NWD; Mr. Lam Ho-Man, Thomas, Director of Asset and Portfolio Management of NWD; alongside other members of the senior management teams.