Negotiations on the potential sale of New World Development to potential buyers

Golden Ten Data News on January 24th, New World Development (00017.HK) announced on the Hong Kong Stock Exchange that there have been recent reports that the company is in negotiations with potential buyers regarding the potential sale of the K11 Art Mall. After conducting reasonable inquiries regarding the company in the relevant circumstances, the company confirms that although potential buyers have occasionally approached the company regarding its assets (including the aforementioned K11 Art Mall), as of the date of this announcement, the company has not entered into any binding protocols regarding the sale matters that need to be disclosed in accordance with the listing rules. The company will continue to comply with the relevant provisions of the listing rules regarding disclosure.