.33802 /15467 ,++- .33802 /15467 ,++- @^bYcedceWg[Z ^b g][ MWkaWb Pf`WbZf i^g] `^a^g[Z `^WX^`^gkA Kg] N`cceB R[i Vce`Z Uci[e EB EJ Sh[[b?f TcWZ M[bgeW`B Ocb\ Qcb\ U[`L @JHFA FEGE DFDE NWj L @JHFA FEGE DFEI iiiCbiY`CYcaC]_ a new way of living and working The New World Group has been active in the Mainland China property market since the early 1980s. New World China Land is helping to transform the nation and its people by offering a wide variety of property projects, encompassing residential communities, hotels, offices, shopping malls and resorts. We have always dedicated ourselves to delivering the highest quality developments. The Company is bringing new definitions of style and comfort, unprecedented levels of service and convenience. Together, these are creating distinctive environments for families or business. We stand for a whole new way of living and working. A truly national developer Global expertise Serving the community Our property portfolio spans Our professional management As we invest in a region, we the nation. By maintaining this team from Mainland China and recognise we have a broad geographic presence in from overseas brings together responsibility as a good Mainland China, we seek to diverse skills and expertise. We corporate citizen. We are play a key role in fulfilling the blend best international practice dedicated to improving the nation’s property needs. with home-grown vision and lives of the local communities talent to deliver unrivalled results. in which we operate. 30-year blue-chip heritage Best in class Turning dreams into reality Through our parent New World Quality is at the heart of We do more than build Development, a reputable and everything we do. Across the properties. We are helping a international conglomerate,we entire spectrum of our diverse new generation aspire to a new draw upon three decades of property portfolio, we have way of living. Above all, we are property investment demonstrated our dedication to leading Chinese to a new way experience, along with well- product and service of achieving their dreams. developed business networks excellence for our customers. and deep resources. Listed in 1999, New World China Land is the China property arm of New World Development. New World China Land now has an asset base of HK$25 billion. Our portfolio comprises a developable floor area of 17 million sq.m. in 18 high-growth cities. 2 4 8 Our portfolio Corporate highlights Chairman’s statement 10 City vistas 22 Location 34 Community 42 Lifestyle 12 Beijing 24 Shanghai 36 Wuhan 44 Guangzhou 16 Tianjin 28 Dalian 40 Nanjing 50 Pearl River Delta 20 Jinan 30 Shenyang 41 Hefei 53 Haikou 54 64 66 70 Management Notice of annual discussion & analysis Corporate citizenship Directors’ profile general meeting 74 154 162 Glossary of terms Contents: 164 financial section Major project profiles Corporate information 2 Our portfolio Transforming City Vistas In Beijing and Tianjin, we have rejuvenated entire city districts through modern architecture and tree-lined boulevards — all complemented by first-class shopping, entertainment and leisure facilities. Location... Location... Location... We seek the very best locations for our developments, prime downtown districts where — as China's cities modernize and grow — our properties will become natural landmarks. A Modern Community An integral part of our business philosophy is to create attractive self-contained communities that nurture family life and provide a healthy and fulfilling living environment. New Vision of Living Our luxury residential and leisure developments set new standards in luxury and good taste, allowing prosperity and success to be enjoyed in comfort and style. New World China Land Limited Annual Report 2003 3 Shenyang Beijing Tianjin Dalian Jinan Hefei Nanjing Shanghai Wuhan Property portfolio by type sq.m. Major development projects for sale 15,854,315 Investment properties under development 381,203 Completed investment properties 626,514 Hotel properties under development 122¸989 Completed hotel properties 92¸712 Total 17,077,733 Property portfolio by location Beijing 3,420,812 Tianjin 393,743 Shenyang 3,106,727 Shanghai 829,996 Wuhan 2,866,425 Guangzhou 4,112,165 Guangzhou Pearl River Delta 1,182,754 Other regions 1,165,111 Pearl River Delta Total 17,077,733 Property portfolio by usage Residential 11,681,015 Commercial 1,403,982 Office 1,004,313 Hotel 204,024 Others 2,784,399 Total 17,077,733 Haikou 4 Corporate highlights I Mainland China Inception of investment in the PRC property market The Group’s investment in the PRC property market dated back to 1980 when it first Early invested in China Hotel, Guangzhou, the first sino-foreign joint venture hotel of the PRC. A prestigious landmark architecture of Guangzhou since the commencement of its operations. China Hotel, Guangzhou has been managed by New World for more than 14 80’s years, leading the service of the hotel to international standard. I Guangzhou First property development project in the PRC launched New World Group launched its first property development project in the PRC, namely Fortuna Garden, located next to Guangzhou Zoo in Dongshan District, Guangzhou, introducing overseas planning of high-rise residential estates to the Guangzhou market. Well recognized by homebuyers and industry counterparts for its innovative design and quality of engineering composition, the development was sold out soon after its launch 91 and has been a paradigm for similar developments. I Beijing Participation in redevelopment project of Chongwen District in city centre of Beijing The Group’s Beijing Project Management Centre was established to participate in the redevelopment programme of the city centre of Beijing and undertake the project of Chongwen District. I Wuhan Agreement with Wuhan government on development of the large-scale Wuhan Changqing Garden An agreement was entered into with the Wuhan government in respect of a series of projects, including the large-scale residential project Wuhan Changqing Garden, a star project accommodating more than 10,000 families and was visited and appraised by 93 government officials on a number of occasions. I Guangzhou Guangzhou New World Garden villa project launched The Group launched its first luxurious villa-typed projects, the New World Garden, located on the most premium Ersha Island of Guangzhou, with the selling price exceeding RMB40,000 per square metre, a record high for the then property market of the PRC. 95 New World China Land Limited Annual Report 2003 5 I Tianjin Participate in the first national Anju Development project The Group, cooperates with Tianjin Anju Construction Development Company, participated in the construction of Phase I Huayuan Residential Area, the first national Anju Development project in Tianjin. 96 I Shunde New World Courtyard Hotel, Shunde opened New World Courtyard Hotel located at a prime location in the city centre of Da Liang, Shunde. The only four-star hotel with international management standard within the city, the hotel has been the most upmarket venue for the affluent locals and for business purposes, and is the first choice of many foreign businessmen for short-term stay or long-term accommodation. 97 I Shenyang Land Transfer Agreement in respect of a parcel of land located in Wangjiazhuang to the North of Hun River, Shenyang signed The Land Transfer Agreement in respect of a parcel of land located in Wangjiazhuang to the North of Hun River, Shenyang was formally signed for the construction of the Group’s largest residential estate in Shenyang, namely Shenyang New World Garden. 98 I Hong Kong Listing of New World China Land Limited on the Stock Exchange of Hong Kong in July New World China Land Limited is listed on the Stock Exchange of Hong Kong Limited in July, further fortifying its status as a national property developer. 99 I Guangzhou High-end residential community New World Casa California located at Ersha Island, Guangzhou launched New World Casa California, another landmark project of the Group, was built on the premium residential community Ersha Island in Guangzhou. Taking the lead to bring to the PRC the concept of planning and designing low-density, international resort residence, the project was another demonstration of New World China’s leading position in the industry. A product of Bensley Design Studio, an internationally renowned designer in hotel resorts, New World Casa California has been popular for the middle class in Guangzhou. 00 6 Corporate highlights I Beijing Beijing New World Centre designated as one of the 1990’s Top-ten Architecture of Beijing Bejing New World Centre was designated as one of the 1990’s Top-ten Architecture of Beijing by the Urban Planning Society of Beijing. I Shenzhen Phase I villas of Shenzhen New World Yi Shan Garden launched As one of the launching activities of Shenzhen New World Yi Shan Garden Phase I, a fund-raising exercise involving a fleet of 30 Ferrari marched all the way from Hong Kong to Shenzhen Yishan Garden and then to Huiyang Palm Island Golf Resort was 01 organized. I Huiyang Entering into long-term tenancy agreement at Huiyang Palm Island Golf Resort by CNOOC & Shell Petrochemicals Co. Ltd The golf resort has been chosen as leased residence for their senior expatriate staff. I Wuhan Construction of Wuhan New World Centre An investment amounting to RMB170 million was invested to build a landmark in the city centre of Wuhan, namely Wuhan New World Centre, occupying 37,000 square metres, the landmark is a modern multi-use commercial architecture comprising large-scale 02 shopping arcades, hotel, residential and office space. New World China Land Limited Annual Report 2003 7 I Tianjin Official launch of Tianjin New World Garden The official launch of Tianjin New World Garden attracted homebuyers and had the vice mayor of Tianjin to attend the launching ceremony and the various activities that followed.