New World Department Store (“NWDS”) has been thriving with the tremendous support from our business partners, loyal customers and the seamless collaboration of the suppliers. NWDS is now in full bloom. We have great confidence in further expanding our business into new markets and creating an even more comprehensive and diversified shopping, dining and entertainment experience for our customers in pursuit of enriching living.

NWDS is committed to continuous improvement and innovation, aiming at becoming one of the leading retail chain operators in China with high economic efficacy and trend setting authority.

We look forward to cooperating with all industry partners having a keen interest in developing retail business and sharing the fruits of success. Together, we strive to reach the top of the retail industry and grow our business for a prosperous future.

Dr. Cheng Kar-shun, Henry
Chairman