New World Development : Change in Director's Information

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(incorporated in Hong Kong with limited liability)

The board of directors (the "Board") of New World Development Company Limited

（新世界發展有限公司）(the "Company") makes this announcement pursuant to Rule 13.51B(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and with reference to the Company's previous announcement issued on 2 January 2009 (the "Previous Announcement").

Mr. Ho Hau-Hay, Hamilton ("Mr. Hamilton Ho"), being an independent non-executive director of the Company, was previously an independent non-executive director of CITIC Limited (formerly known as CITIC Pacific Limited) ("CITIC"). As stated in the Previous Announcement, the Securities and Futures Commission ("SFC") announced on 22 October 2008 that a formal investigation has been commenced into the affairs of CITIC (the "SFC Investigation"). Mr. Hamilton Ho, previously an independent non-executive director of CITIC, was a subject of the SFC Investigation. The Company has no reason to believe that the SFC Investigation concerns, either directly or indirectly, any aspect of the affairs of the Company.

Mr. Hamilton Ho has informed the Company that SFC has issued a letter confirming that he is no longer a person under investigation in relaton to the SFC Investigation and SFC does not propose to take any action against him on the information currently known to SFC.

By Order of the Board Wong Man-Hoi Company Secretary

Hong Kong, 3 October 2017

As at the date of this announcement, the Board of the Company comprises (a) six executive directors, namely Dr. Cheng Kar-Shun, Henry, Dr. Cheng Chi-Kong, Adrian, Ms. Ki Man-Fung, Leonie, Mr. Cheng Chi-Heng, Ms. Cheng Chi-Man, Sonia and Mr. Au Tak-Cheong; (b) two non-executive directors, namely Mr. Doo Wai-Hoi, William and Mr. Cheng Kar-Shing, Peter; and (c) five independent non-executive directors, namely Mr. Yeung Ping-Leung, Howard, Mr. Cha Mou-Sing, Payson (alternate director to Mr. Cha Mou-Sing, Payson: Mr. Cha Mou-Zing, Victor), Mr. Ho Hau-Hay, Hamilton, Mr. Lee Luen-Wai, John and Mr. Liang Cheung-Biu, Thomas.