Group 1 - The K11 division of New World Development achieved a 4% growth in performance during the reporting period [1] - K11 is a registered trademark and brand fully owned by New World Group [1] - The former CEO of New World, Zheng Zhigang, has permission to use the "K11 by AC" brand, but it operates independently from New World Group [1] Group 2 - New World Group does not manage any properties developed by third parties outside of its own companies [1] - The latest financial report indicates a 4% growth in the K11 division's performance [1]

Group 1 - The 19th International Economic Advisory Council meeting in Chongqing focused on "building an AI application hub to empower high-quality industrial development" with representatives from 21 global Fortune 500 companies [1] - A total of 71 forward-looking suggestions were made, primarily in three areas: constructing a systematic AI application mechanism, enhancing talent recruitment and training, and deepening open cooperation [1] - Companies like Signify and Hitachi Energy expressed intentions to deepen investment cooperation, with Hitachi's CEO emphasizing the need for stable power supply to unlock AI's potential [1] Group 2 - Carlsberg has invested over 20 billion yuan in China, with more than 10 billion yuan in Chongqing, and is leveraging its global "AI+" experience in its local operations [2] - Carlsberg's executive vice president proposed the establishment of an "AI+ agriculture and food" innovation platform, advocating for government-led initiatives to enhance international standards and support AI applications across various business processes [2] - The proposal includes creating a tiered talent cultivation system leveraging local educational resources to support the "AI+ agriculture and food" sector [2] Group 3 - Siemens has been involved in Chongqing's industrialization since 1925 and is a long-standing advisor in the International Economic Advisory Council [3] - Siemens' executive vice president highlighted the transition of industrial AI from "technology heat" to "application depth," aligning with Chongqing's robust manufacturing base and the new "industrial brain + future factory" model [3] - The focus is on promoting applications, nurturing talent, and building ecosystems to fully realize the potential of "manufacturing + AI" in Chongqing [3]

Core Viewpoint - New World Development has successfully implemented a debt reduction strategy since the new management team took office in November last year, leading to a significant revaluation in the capital market and outperforming other large Hong Kong developers in stock performance [1][2] Financial Performance - For the fiscal year 2025, New World achieved a core business steady growth, with total debt and net debt decreasing by HKD 57 billion and HKD 35 billion year-on-year, respectively, and cash flow turning positive [1] - The company successfully secured HKD 882 billion in bank refinancing, extending loan maturities and significantly enhancing short-term liquidity [1] - Capital expenditures decreased by 15% to HKD 12.6 billion, with plans to further reduce it to below HKD 12 billion in fiscal year 2026 [1] Operational Efficiency - New World has optimized operational efficiency and governance, resulting in a 16% reduction in general and administrative expenses to HKD 3.5 billion [1] - The average interest rate and total financing costs have significantly decreased, with financing costs reduced by HKD 1.3 billion year-on-year [1] Strategic Outlook - The company aims to maintain a "steady progress" approach in fiscal year 2026, prioritizing the reduction of overall debt and further optimizing its financial structure [2] - New World has raised its sales target for fiscal year 2026 to HKD 27 billion, the only developer in the industry to do so, reflecting strong confidence in its future prospects [2] Market Response - Since 2025, New World’s stock price has increased by 52%, outperforming peers such as Cheung Kong (20%), Sun Hung Kai Properties (18%), and Henderson Land (24%) [2] - Recent policy changes in Shenzhen and other major cities, including relaxed purchase restrictions, are expected to positively impact the real estate market [2] - Analysts suggest that New World’s current stock price is undervalued, providing a high margin of safety, with potential for significant recovery as market confidence improves [2]

Group 1 - New World Development confirmed that K11 is a wholly owned trademark and brand of the group, and K11 by AC has no relationship with it [1] - K11 by AC, established by former New World CEO Dr. Zheng Zhigang, operates independently and has obtained permission to use the K11 brand [1] - The K11 division of New World Development reported a 4% growth in performance for the fiscal year 2025 [1] Group 2 - In early September, Zheng Zhigang announced a partnership with Qingdao West Coast New Area Management Committee and Changkun Group to build a multifunctional complex [2] - Zheng Zhigang also founded ALMAD Group, under which K11 by AC operates as a cultural brand [2]

Core Viewpoint - New World Development Limited has secured a financing agreement with Deutsche Bank for up to HKD 5.9 billion, aimed at supporting the group's daily financing activities [1][2]. Financing Details - The initial commitment for the financing is HKD 3.95 billion, with the financing secured against Victoria Dockside properties and related assets, including K11 ARTUS, K11 ATELIER, K11 MUSEA, and the Rosewood Hong Kong hotel [1][2]. - The company retains the right to further leverage these assets for additional financing to support future business needs [1]. Debt Management Strategy - New World Development has been facing significant short-term debt repayment pressures, with a total borrowing of HKD 146.49 billion as of December 31, 2024, of which HKD 32.21 billion is due within 12 months [3]. - The company has cash and bank deposits amounting to HKD 21.42 billion, which is insufficient to cover its short-term debt obligations [3]. Recent Developments - The financing agreement follows a previous announcement regarding a major refinancing arrangement covering approximately HKD 88.2 billion of existing unsecured offshore financial debt, aimed at improving short-term repayment capabilities and reducing cash flow pressure [2]. - The company has publicly stated that reducing debt is a core strategic priority, especially in light of recent rumors regarding potential privatization offers from its controlling shareholder and Blackstone Group, which the company has denied [4]. Market Implications - The HKD 5.9 billion financing is seen as a crucial liquidity support measure amidst ongoing debt management efforts, although it primarily serves as a buffer given the company's overall debt levels and upcoming short-term obligations [4].

（於 香 港 註 冊 成 立 之 有 限 公 司） (Stock Code 股份代號：0017) (incorporated in Hong Kong with limited liability) You may access the Documents by clicking "Interim/Annual Reports" under "Reports and Presentations" and clicking "Announcements" under "Investor's Column", both under "INVESTOR RELATIONS" section of the Company's website. Please note that the 2025 annual general meeting of the Company will be held at Meeting Room N201 (Expo Drive Entrance), Level 2, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wa ...

登記股東姓名及地址 回 條 致： 新世界發展有限公司（「公 司」）（股 份 代 號：0017） 經卓佳證券登記有限公司轉交 香 港 夏愨道16號 遠東金融中心17樓 本 人╱吾 等 希 望 以 下 列 方 式 收 取 公 司 所 有 日 後 公 司 通 訊*（「公司通訊」）： （請 僅在其中一個 空 格 內 劃 上「X」號。） □ 僅 收取所有日後公司通訊之 英 文 版 印 刷 本；或 □ 僅 收取所有日後公司通訊之 中 文 版 印 刷 本；或 □ 收取所有日後公司通訊之 中、英 文 版 印 刷 本；或 □ 瀏覽公司網站www.nwd.com.hk 登載之所有日後公司通訊（「網上版本」），以 代 替 印 刷 本，並 以 本 人╱吾 等 的 電 郵 地 址 收 取 關 於 日 後 公 司 通訊在公司網站登載的通知（附 註3）： 電郵地址 登記姓名（以 英 文 正 楷 填 寫） 聯 絡 電 話 號 碼 簽 名 日 期 附 註： 1. 請 閣 下 清 楚 填 妥 所 有 資 料。倘 未 有 在 任 何 一 個 空 格 或 在 超 過 一 個 空 格 劃 上「X」號，公 司 保 留 權 利 將 本 表 格 視 為 無 ...

選擇公司通訊之語言版本及收取方式 （於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：0017） 致 列 位 新 登 記 股 東： 本公司之2025年股東週年大會將於2025年11月20日（星 期 四）上 午11時45分假座香港灣仔博覽道1號 香港會議展覽中心二樓會議室N201室（博 覽 道 入 口）舉 行。 根據香港聯合交易所有限公司證券上市規則第2.07A與2.07B條 及 本 公 司 之 組 織 章 程 細 則，本 公 司 現 向 閣下提供若干方案，以便收取本公司日後之公司通訊（「公司通訊」），即本公司發出或將予發出以供 其任何證券持有人或投資大眾參照或採取行動之任何文件，其中包括但不限於：(a)董事會報告、其年 度賬目連同核數師報告及（如適用）財務報告摘要；(b)中期報告及（如適用）中期報告摘要；(c)會議通告； (d)上 市 文 件；(e)通 函；及(f)代 表 委 任 表 格。 閣 下 可 選 擇： 為 響 應 環 保 及 節 省 印 刷 及 郵 遞 費 用，本 公 司 建 議 閣 下 選 擇 收 取 網 上 版 本。在 行 使 上 述 選 擇 權 時， 請 閣下在隨本函附上的回 ...

(incorporated in Hong Kong with limited liability) （於香港註冊成立之有限公司） (Stock Code 股份代號：0017) New World Development Company Limited ( 新世界發展有限公司 ) (the "Company") — Notice of Publication of (1) the annual report for the year ended 30 June 2025, (2) the circular dated 29 September 2025 including notice of 2025 annual general meeting and (3) proxy form (collectively the "Current Corporate Communications") English and Chinese versions of the Current Corporate Communications are available on the Company's website at ...

登記股東姓名及地址 （於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：0017） 用 戶 名 稱： 密 碼： 通 知 信 函－股 東 週 年 大 會 致 列 位 登 記 股 東： 請使用上述用戶名稱和密碼登入，並參閱指定網站(http://evoting.vistra.com/#/17)的《網上股東大會操作指引》。 公司股東請於2025年11月17日下午5時正或之前致電本公司股份過戶登記處卓佳證券登記有限公司（「股 份 過戶登記處」）（電 話 熱 線：(852) 2980 1333）以便作出所需安排（包 括 啟 動 密 碼）。 2. 提交電子代表委任表格 除 了 提 交 實 體 代 表 委 任 表 格 外， 閣 下 亦 可 以 選 擇 以 電 子 形 式 提 交 委 任 代 表，若 選 擇 以 電 子 形 式 提 交， 閣 下可以由2025年9月29日起直至及不遲於2025年11月18日上午11時45分掃描本函上方的二維碼或瀏覽上述 指定網站以進入Vistra卓 佳 電 子 投 票 系 統 提 交 電 子 委 任 表 格。 閣下的受委代表（委 任 股 東 週 年 大 會 主 席 為 閣 下 ...