09:36     NEW WORLD CHINA<00917> - Announcement (4)                           

    DEFINITIONS                                                               
                                                                              
    In this announcement, the following expressions have the meanings         
    set out below unless the context otherwise requires:                      
                                                                              
    ``associate''    has the meaning defined in Chapter 1 of the              
    Listing Rules                                                             
                                                                              
    ``Board''    the board of Directors                                       
                                                                              
    ``Construction Services''    the construction services to be              
    provided by NWD Group to the Group in connection with any part of         
    the construction work of the Projects including, but not limited          
    to, construction, piling and foundation, building and property            
    fitting out work and the supply of construction and building              
    materials in accordance with the terms of the Master Service              
    Agreement and the relevant Operational Agreement (as defined in           
    this announcement)                                                        
                                                                              
    ``Company''    New World China Land Limited, a company                    
    incorporated in the Cayman Islands with limited liability, the            
    shares of which are listed on the Stock Exchange                          
                                                                              
    ``Director(s)''    the director(s) of the Company                         
                                                                              
    ``Engineering Services''    the engineering services to be                
    provided by NWD Group to the Group in connection with the Projects        
    including, but not limited to, civil, electrical and mechanical           
    engineering works in accordance with the terms of the Master              
    Service Agreement and the relevant Operational Agreement (as              
    defined in this announcement)                                             
                                                                              
    ``EGM''    the extraordinary general meeting of the Company to be         
    convened for the purpose of considering and, if thought fit,              
    approving the Master Service Agreement                                    
                                                                              
    ``Group''    the Company and its subsidiaries from time to time           
                                                                              
    ``GFA''    gross floor area                                               
                                                                              
    ``Hong Kong''    the Hong Kong Special Administrative Region of           
    the PRC                                                                   
                                                                              
    ``HK$''    Hong Kong dollar(s), the lawful currency of Hong Kong          
                                                                              
    ``Independent Shareholders''    shareholders of the Company               
    other than NWD, its associates and parties acting in concert with         
    them                                                                      
                                                                              
    ``Listing Rules''    Rules Governing the Listing of Securities on         
    the Stock Exchange                                                        
                                                                              
    ``Master Service Agreement''    the agreement entered into by the         
    Company and NWD dated 30 May 2005 in connection with the provision        
    of Services by NWD Group to the Group                                     
                                                                              
    ``NWD''    New World Development Company Limited, a company               
    incorporated in Hong Kong with limited liability, the shares of           
    which are listed on the Stock Exchange and which is the controlling       
    shareholder (as defined under the Listing Rules) of the Company           
                                                                              
    ``NWD Group''    NWD, its subsidiaries and/or their associates            
    from time to time                                                         
                                                                              
    ``Project Management Services''    the project management                 
    services to be provided by NWD Group to the Group in connection           
    with the management of the Projects including, but not limited to,        
    the selection of professional consultants in the PRC and abroad           
    (including architects, design consultants, structural engineers,          
    electrical and mechanical engineers and quantity surveyors), the          
    liaison with all relevant parties involved in the Projects, the           
    review of budgets, designs, proposals and schedule of the Projects        
    and the supervision of the development costs and progress thereof,        
    in accordance with the terms of the Master Service Agreement and          
    the relevant Operational Agreement (as defined in this                    
    announcement)                                                             
                                                                              
    ``Projects''    the property development projects owned by or             
    interested in by the Group from time to time                              
                                                                              
    ``PRC''    the People's Republic of China                                 
                                                                              
    ``Services''    the Construction Services, Engineering Services,          
    Project Management Services and any other services relating to the        
    Projects as the Company may see fit from time to time. For the            
    avoidance of doubt, the Services include the services relating to         
    the Uncompleted Works (as defined in this announcement)                   
                                                                              
    ``sq.m.''    square metre