09:36     NEW WORLD CHINA<00917> - Announcement (5)                           

    ``Stock Exchange''    The Stock Exchange of Hong Kong Limited             
                                                                              
    ``subsidiary'' or ``holding company''    has the meaning defined          
    in section 2 of the Companies Ordinance                                   
                                                                              
    ``Tender''    the tender procedures for selecting contractors             
    relating to the provision of the Services contemplated under the          
    Master Service Agreement which are in compliance with the relevant        
    PRC laws, rules and regulations from time to time                         
                                                                              
    ``%''    per cent.                                                        
                                                                              
    By Order of the Board                                                     
    New World China Land Limited                                              
    Chow Yu-chun, Alexander                                                   
    Company Secretary                                                         
                                                                              
    Hong Kong, 30 May, 2005                                                   
                                                                              
    At the date of this announcement: (a) the executive Directors of          
    the Company are Dr. Cheng Kar-shun, Henry, Mr. Doo Wai-hoi, William,      
    Mr. Cheng Kar-shing, Peter, Mr. Leung Chi-kin, Stewart, Mr. Chow          
    Kwai-cheung, Mr. Chow Yu-chun, Alexander and Mr. Fong Shing-kwong,        
    Michael; (b) the non-executive Director of the Company is Mr. Fu          
    Sze-shing and (c) the independent non-executive Directors of the          
    Company are Mr. Cheng Wai-chee, Christopher, Mr. Tien Pei-chun,           
    James and Mr. Lee Luen-wai, John.