New World Group has been honoured outstanding achievement in professional communications at the 20th International Mercury Awards. New World Development Company Limited ("NWD" or "the Group", Hong Kong stock code: 0017) FY2006 Annual Report won the Silver Award in the category of "Annual Report - Overall Presentation: Holdings & Property Development" while that of New World China Land Limited ("NWCL", Hong Kong stock code: 0917) won the Bronze Award in the category of "Design: Annual Report - Interior".

"We are proud that our annual reports have obtained international recognition in the world's renowned competition honouring excellence in public relations and corporate communications." Mr CF Kwan, Director of Corporate Affairs, New World Group, said, "The winning of the awards is a testimony to the Group's effective communications and reflect our continual determination in maintaining high level of transparency and disclosure. We will continue to achieve excellence in our annual reports, which are important tools in investor communication."

The cover of NWD FY2006 Annual Report features photos of the Group's servicing staff and customers in its different businesses. This showcases the dedication of the Group, together with its professional staff, to improve people's living standard by delivering quality services continuously. What's more, the outline of China and the tagline "Commit to Hong Kong; Flourish in the Greater China" have shown the Group's commitment to the development of Greater China. On the other hand, accompanied with high-quality photos, a full account of the Group's four core businesses is presented clearly in the report, conveying NWD's vision of creating a new world of opportunities.

The overall design of NWCL FY2006 Annual Report is based on the game of Monopoly. The colourful and well structured report show readers how NWCL has provided first-class living to people in Mainland China by building quality properties where residents enjoy "New Living", "New Way to Work", "New Culture and Entertainment" and "New Style of Leisure".

The Mercury Awards, organized by MerComm, Inc., are considered as the most highly respected and prestigious by industry peers. The programs were founded to promote excellence in the various fields of communications. With 940 entries from 16 countries, the awards were judged by a panel of over 100 communication specialists from all over the world, whose professionalism ensured the competition's long-standing tradition of impartiality and integrity.

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