Hip Seng Construction Company Limited, a newly established member company of NWS Holdings held a New office Opening Ceremony. Hip Seng Construction specializes in general contracting and construction management and delivers reliable and efficient construction services to the New World Group.

NWS Holdings’ joint venture Sino French Water Development Company Limited concluded an agreement to purchase a 65% equity in Shuangliu Dayi Environmental Technology Company Limited.

Mr Lee Yiu Kwong, Alan was appointed as an independent non-executive director and a member of the Corporate Social Responsibility Committee of the Group.

NWS Holdings, through its joint venture Sino French Water Development Company Limited ("SFWD"), signed a 30-year contract to provide water treatment services to Wuhan Chemical Industry Park ("WCIP"). Combined with previous agreements, SFWD became the exclusive provider of integrated water and wastewater services to clients in WCIP.

NWFB and Citybus were granted two 10-year franchises (Airport and North Lantau Bus Network) by the government. The two new franchises will take effect after the expiry of the current franchises on 1 July 2013 and 1 May 2013 respectively.

NWS Kwai Chung Logistics Centre, with a leasable area of 920,000 sq ft, held its opening ceremony on 6 February.

Brian Cheng, Executive Director of NWS Holdings, has been appointed as a member of the Group's Corporate Social Responsibility Committee since February.

NWS Holdings completed the acquisition of an aggregate of 95% effective interest in Hangzhou Ring Road with a total consideration of approximately US$1.1 billion.