NEW WORLD DEV (00017) clarifies media reports: No debt management projects have been conducted on perpetual and other debt securities.

NEW WORLD DEV (00017) announced that the company is aware of certain media reports suggesting that the company is preparing for a debt management project related to its perpetual securities, as well as potential equity financing from investors. The company hereby clarifies: (i) the company has not undertaken any debt management project related to its perpetual securities or other debt securities; and (ii) the company has not received any equity financing proposals.