NEW WORLD DEV (00017): CHOW TAI FOOK company is in discussions with potential investors, but has not reached any agreement yet.

NEW WORLD DEV(00017) announced that, following further inquiries with CHOW TAI FOOK Corporation, the company has been informed by CHOW TAI FOOK Corporation that they have been in contact with several potential investors regarding possible investments in the company and have received suggestions from them. CHOW TAI FOOK Corporation is currently in discussions with these potential investors, but have not reached any agreements with them, including regarding the amount, nature, or form of any potential investment. The company has further learned from CHOW TAI FOOK Corporation that, as of the date of this announcement, the suggestions made do not appear to intend to make a full tender offer for the company's shares, and there is no guarantee that such potential investments will take place. Additionally, the company confirms that they are not aware of any other information that must be disclosed to avoid false market of the company's securities, and are not aware of any insider information that needs to be disclosed according to insider trading regulations.