Core Insights - K11 is a fully owned trademark and brand of New World Group, with no current management of third-party developed properties [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] - K11 division reported a 4% growth in performance during the reporting period [1]

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 - 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 Insights - Hong Kong ALMAD Group has officially launched, focusing on investing in nine innovative industries expected to reshape the global economic landscape over the next two decades [1] - The company aims to invest in emerging markets, drive innovation in finance, and expand the K11 by AC cultural ecosystem globally [1][4] Group 1: Strategic Focus - The core strategy includes investments in cultural, entertainment, sports, media, globalization of traditional Chinese medicine, business management, and the large cultural tourism industry [1][4] - The company is committed to exploring potential opportunities in the digital realm, particularly in Web3 financial innovations and blockchain technology applications [4] Group 2: Market Expansion - ALMAD Group is headquartered in Hong Kong and aims to expand into emerging markets such as ASEAN countries and the Middle East while leveraging Hong Kong's position as a business hub [4] - The company plans to announce more projects in the near future to turn its strategic vision into reality [4] Group 3: Leadership and Vision - Founder and Executive Chairman Zheng Zhigang emphasizes the importance of creating new economic paradigms for future generations [1][4] - Zheng has a history of successful investments and initiatives, including the establishment of K11 and C Ventures, focusing on integrating art, commerce, and technology [5] Group 4: Cultural Initiatives - Zheng is also dedicated to cultural preservation and exchange, founding non-profit organizations to support contemporary Chinese artists and promote traditional crafts [6] - The K11 Craft Foundation has organized exhibitions to showcase Chinese culture and its contributions to global civilization, attracting significant international attention [6]

Core Viewpoint - Adrian Cheng Chi-kong has launched ALMAD Group, focusing on transformative industries such as culture and healthcare, targeting markets in Southeast Asia, the Middle East, and mainland China [1][3][6] Group 1: Business Focus - ALMAD Group aims to break boundaries in digital and virtual assets while investing in transformative industries in emerging markets [1][3] - The group's operations extend beyond culture and healthcare to include entertainment, sports, media, commercial management, and cultural tourism [3] Group 2: Market Vision - Cheng emphasizes the importance of investing in industries that not only have strong commercial viability but also the potential to shape the global economy over the next 20 years [6] - The launch of ALMAD Group reflects a shift from traditional property development to a broader focus on arts, culture, technology, and environmental sustainability [5][6] Group 3: Leadership and Mission - Cheng's mission for ALMAD Group is to build what the next generation needs and to shape a future economy filled with possibilities [4] - The establishment of ALMAD Group follows Cheng's resignation from New World Development, where he previously served as executive vice-chairman and CEO [6]