Core Viewpoint - New World Development has successfully secured refinancing for approximately HKD 88.2 billion of its existing offshore unsecured financial debt, which will aid in managing its ongoing business and financial needs [1][3]. Group 1: Refinancing Details - The new bank financing includes multiple loans with varying maturities, the earliest of which is due on June 30, 2028 [1]. - The refinancing plan is one of the largest in Hong Kong's history, with a total of HKD 87.5 billion (approximately USD 11.1 billion) approved by all banks involved [3]. - If New World Development fails to secure 100% approval by June 30, the transaction may collapse, releasing any pledged assets and canceling bank commitments [3]. Group 2: Financial Performance - For the reporting period, New World Development reported revenues of HKD 16.79 billion, a year-on-year decrease of 1.6%, and a core operating profit of HKD 4.416 billion, with a shareholder loss of HKD 6.633 billion [4]. - The company plans to continue selling non-core assets in the second half of the 2025 fiscal year to improve cash flow, with K11 Art Mall listed for sale at an expected price of HKD 9 billion [4]. Group 3: Debt and Management - As of the end of 2024, New World Development's total borrowings exceeded HKD 151 billion, with a net debt ratio of 57.5%, and short-term debt exceeding HKD 32 billion, while cash on hand was only HKD 21.8 billion [5]. - The company has faced liquidity challenges due to high leverage and significant debt accumulation over recent years [4][5].

Group 1 - New World Development Company Limited has reached a new bank financing and unified bank financing agreement covering approximately HKD 88.2 billion of existing unsecured financial debt [1] - The company's financial management strategy focuses on reducing liabilities and improving cash flow, while continuing to fulfill existing financial responsibilities [1] - The recovery of the real estate market in Hong Kong and mainland China, along with the growth in demand for high-end residential properties, has led to the successful launch of several "phenomenal" hot-selling projects [1] Group 2 - As of June 25, the company has achieved its contract sales target of HKD 26 billion for the fiscal year 2024/2025 [1] - In the mainland market, projects in Guangzhou and Shenyang have led sales, with Shenyang's project topping the residential sales chart in May [1] - In Hong Kong, the super luxury project "滶晨" has sold over 330 units at a maximum price of over HKD 538,000 per square meter, attracting both local and overseas buyers [2]

Group 1 - The company successfully signed a new refinancing term loan agreement with relevant bank creditors on June 30 [1] - The refinancing targets part of the company's existing unsecured offshore financial debts, including bank loans [1] - The new bank financing and coordinated bank financing cover approximately HKD 88.2 billion of the company's existing unsecured offshore financial debts [1]

Core Viewpoint - New World is focusing on expanding its market presence by targeting the "Z Generation" consumer group and diversifying consumption scenarios through the introduction of new cultural and retail formats, particularly in the two-dimensional culture sector [1][2][3] Company Performance - As of June 27, 2025, New World reported a closing price of 7.31 yuan, up 2.38% from the previous week, with a total market capitalization of 4.729 billion yuan [1] - The company achieved a net profit of 70.03 million yuan in 2024, representing a 121.22% increase compared to the same period in 2023 [4][5] - The company has seen a significant increase in tax refund transactions, with 1,408 cases processed and sales amounting to 6.9093 million yuan, reflecting year-on-year growth of 166.67% and 184.61% respectively [5] Strategic Initiatives - New World has established the "Fun肆街区" to cater to the two-dimensional culture market, introducing several first-store brands and hosting pop-up events to attract consumers [3] - The company plans to enhance its retail offerings by adding trendy toy categories and creating new experiential spaces in its shopping centers by 2025 [1][4] - New World is actively pursuing government subsidies and policies to support its growth, having received 15.2 million yuan in government grants in 2024, which contributed to its profit increase [5] Market Positioning - The company aims to transform traditional department stores into destinations for lifestyle experiences, focusing on five new consumption scenarios: culture, tourism, animation, exhibitions, and services [1][2] - By leveraging the popularity of two-dimensional culture, New World seeks to differentiate itself from competitors and attract a younger demographic [2][3] Future Outlook - The company is optimistic about the performance of its hotel business, reporting improved occupancy rates and average room prices in 2025 compared to 2024 [5] - New World is committed to maintaining a stable profit distribution policy, proposing a cash dividend of 0.40 yuan per 10 shares for the 2024 fiscal year [5]

随着人们对生活方式的追求已逐渐超越物质层面的满足，产品维度不再是简单的物理空间，能激发"情 绪共鸣"，为愉悦而买单正成为全新趋势潮流。 愉悦自己的生活哲学 进入耀胜新世界，就像进入了一个全新的故事里，而有序地经过耀胜新世界的各个部分，就像电影里的 连续情节，这些部分一起组成了一个故事。 首先，耀胜新世界同时拥有商业、写字楼、住宅三种业态，全业态共融共生，打破了传统生活的边界， 实现了"下楼即繁华，归家即静谧" 的完美平衡，于繁华与烟火之上，又兼具自然与舒适。 其赋予约8万方K11 Select「未来生活+」定位，规划了各有特色的四大主题露台公园，创新引入宠物友 好设施，打造番禺首个宠物友好型购物中心，侧重年轻化、潮流化，以及创意的多元碰撞，可自由地体 验潮流艺术创意，相比一座年轻化商业综合体，它更像一座社区后花园，因为业主只需电梯下楼，便能 直达商场。 K11 Select作为藏在家楼下的高端时尚"微度假"地标，回家前都可以去溜达一圈，逛逛艺术展，感受繁 华生活里的艺术与生活碰撞； 除此之外，都市与自然相融合，与约3万方园艺广场相辉映，六维立体园林移步易景，耀胜尊府引入大 量季相植物点缀，春观花，秋结果，一年 ...

证券代码：600628 证券简称：新世界 公告编号：2025-016 上海新世界股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 本次会议是否有否决议案：无 (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持情况等。 本次会议由董事长陈湧先生主持，会议采用现场投票与网络投票相结合的方 式表决，符合《公司法》等有关法律、法规及《公司章程》的有关规定。 (一) 非累积投票议案 审议结果：通过 表决情况： | | 同意 | | 反对 | | | | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东类 | | | | | | | | | | | | | | 比例 | | | | | | | | 型 | 票数 | 比例（%） | | 票数 | | | | 票数 | 比例（%） | | | | | | （%） | | | | | | | A股 | 279,852,809 | 99.4564 ...

第一章 总 则 第一条 为进一步规范上海新世界股份有限公司（以下简称"公司"）法人治理 结构，规范公司董事的选举，维护中小投资者利益，根据《中华人民共和国公司 法》、《上市公司治理准则》和《上海新世界股份有限公司章程》（以下简称 "《公司章程》"），并结合公司具体情况制定本细则。 第二条 本细则所称累积投票制，是指股东会选举董事时，每一股份拥有与应选 董事人数相同的表决权，股东拥有的表决权可以集中使用。董事会应当向股东公告 候选董事的简历和基本情况。 股东会以累积投票方式选举董事的，独立董事和非独立董事的表决应当分别进 行，并根据应选董事人数，按照获得的选举票数由多到少的顺序确定当选董事。 第三条 本实施细则所称的董事包括独立董事和非独立董事，由职工代表担任的 董事由公司职工民主选举产生或者更换，不适用于本实施细则的相关规定。 第四条 董事的选举应当充分反映中小股东的意见。涉及下列情形的，股东会在 董事的选举中应当采用累积投票制： （一）公司选举2名以上独立董事的； （二）公司单一股东及其一致行动人拥有权益的股份比例在30%以上。 第二章 董事的提名 第五条 董事候选人应当符合《公司法》等法律法规和其他有关规 ...

Group 1 - The company is named Shanghai New World Corporation Ltd and was established as a joint-stock company approved by the Shanghai Municipal Economic System Reform Office [2] - The company was registered with a total capital of 646,468,534 RMB, equivalent to approximately 646 million RMB [3] - The company aims to maintain the legal rights of shareholders, employees, and creditors while adhering to the leadership of the Communist Party of China [4] Group 2 - The company's business purpose includes adhering to socialist commercial principles and fulfilling social responsibilities while developing a wide range of products to meet consumer demand [5] - The company is authorized to engage in various business activities, including retail of pharmaceuticals, beauty services, and food sales, among others [6] Group 3 - The company has a total of 646,875,384 shares, with a structure primarily consisting of common shares [7] - The issuance of shares follows principles of openness, fairness, and justice, ensuring equal rights for each share of the same category [7] Group 4 - The company can increase its capital through various methods, including issuing shares to unspecified objects and reducing registered capital as needed [8][10] - The company is prohibited from repurchasing its own shares except under specific circumstances outlined in the regulations [9] Group 5 - Share transfers must comply with legal requirements, and the company does not accept its shares as collateral [11] - Shareholders holding more than 5% of shares must report any changes in their holdings to the company [20] Group 6 - The company’s shareholders have rights to dividends, attend meetings, and supervise the company's operations [13] - Shareholders can request the convening of meetings and have the right to propose agenda items [30] Group 7 - The company’s board of directors is responsible for convening shareholder meetings and must comply with legal and regulatory requirements [26] - The company must provide legal opinions on specific matters during shareholder meetings to ensure compliance [51]

Core Viewpoint - The company has established a comprehensive system to regulate its external investment activities, aiming to enhance management, mitigate risks, and improve investment efficiency [1]. External Investment Definition - External investment refers to profit-oriented or value-preserving investments made by the company both domestically and internationally, including equity investments, financial asset purchases, and other forms of investment [1]. Investment Decision and Approval Authority - The company has a structured approval process for external investments, categorized into four levels: shareholder meeting, board of directors, general manager's office meeting, and general manager [2]. - Specific thresholds for board and shareholder approval are set, including asset totals exceeding 50% of total audited assets or transaction amounts exceeding 50% of net assets [2][3]. Investment Management and Oversight - A designated body is responsible for evaluating the feasibility, risks, and returns of significant investment projects, with a requirement to report any anomalies to the board [1][6]. - The board is tasked with regularly monitoring the progress and effectiveness of major investments, holding responsible parties accountable for any deviations from expected outcomes [14][15]. Financial Management and Record Keeping - The finance department must maintain comprehensive financial records of external investments, ensuring detailed accounting for each project [8]. - The company may appoint financial directors to oversee the financial integrity of its subsidiaries [8]. Investment Transfer and Recovery - The company can recover investments under specific circumstances, such as project completion or inability to repay debts [30]. - Investment transfers require thorough analysis and approval processes similar to those for initial investments [29]. Information Disclosure and Confidentiality - The company must adhere to strict information disclosure obligations as per relevant regulations, ensuring that all stakeholders are informed of investment activities [26][27].

第一章 总则 第一条 按照建立现代企业制度的要求，进一步完善新世界股份有限公司（以下 简称"公司"）治理结构，促进公司的规范运作，维护公司整体利益，提高公司决 策的科学性和民主性，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司独立董事管理办法》、《上市公司治理准则》和《上海新世 界股份有限公司章程》（以下简称"《公司章程》"）的有关规定，制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主要股 东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独立客观 判断的关系的董事。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，并应当按照相关法律 法规、中国证券监督管理委员会（以下简称"中国证监会"）规定、上海证券交易 所业务规则和公司章程的规定，认真履行职责，在董事会中发挥参与决策、监督制 衡、专业咨询作用，维护公司整体利益，保护中小股东合法权益。 独立董事应当独立履行职责，不受公司及其主要股东、实际控制人等单位或者 个人的影响。 独立董事应当重点关注公司的关联交易、对外担保、募集资金使用、社会公众 股股东保护、重大资产重组、重大投融资活动、董事和 ...