NEW WORLD DEV (00017) issued an announcement stating that the company has become aware of media reports speculating that its controlling shareholder, together with other third-party investors, will further inject capital into the company (the speculation). Apart from the company's ongoing negotiations regarding a loan financing arrangement led by Deutsche Bank AG as part of its routine financing activities, the company has not received any capital injection proposals as mentioned in the speculation. After making all reasonable inquiries, including inquiries to its controlling shareholder, the company confirms that it is not aware of any other information that must be disclosed to avoid creating a false market in the company's securities, nor is it aware of any inside information that should be disclosed under the inside information provisions as defined in the Listing Rules.