Grand ceremony to celebrate FTLife joining New World Group

HONG KONG,Dec. 10,2019 -- FTLife"Soar and Beyond" Celebration Event washeld today at the Hong Kong Convention and Exhibition Centre to celebrate the Company joining NWS Holdings Limited ("NWS") and becoming a member of New World Group in November 2019. More than 3,000 guests,executives,strategic partners,agents and staff attended the ceremony to share this commemorative moment of marking a new milestone for FTLife.

NWS' Chief Executive Officer Eric Ma (middle),Executive Director Brian Cheng (second from left),Executive Director Gilbert Ho (first from left),FTLife's Vice-Chairman Fang Lin (third from right),Chief Executive Officer Gerard Yang (first from right),together with Dr. Moses Cheng (third from left),Chairman of the Insurance Authority,and Carol Hui (second from right),Executive Director (Long Term Business) of the Insurance Authority,presided over the opening ceremony of launch event.

FTLife is honoured to invite Dr. Moses Cheng,and Carol Hui,Executive Director (Long Term Business) of the Insurance Authority to officiate at the event,alongside with Eric Ma,Chief Executive Officer of NWS,Brian Cheng,Executive Director of NWS,Gilbert Ho,Fang Lin,Vice-Chairman of FTLife,and Gerard Yang,Chief Executive Officer of FTLife,to preside over the opening ceremony ofthe launch event.

Dr. Adrian Cheng,Executive Vice-Chairman and General Manager of New World Development Company Limited,Executive Director of NWS and Chairman of FTLife expressed that he would look forward to FTLife together with other members of the New World Group exploring new horizons and opportunities with artisan spirit and passion: "FTLife is a perfect supplement to New World Group's customer-centric ecosystem underpinned by quality products and services. In the ecosystem,our brands,with their own strong brand equity,can integrate and complement each other to serve customers in different stages and aspects of life,creating sustainable value for all stakeholders."

Eric Ma,said that upon FTLife joining NWS,NWS would have four core businesses-- roads,aviation,construction and insurance. He believes that the insurance business will create strong growth momentum for NWS: "We will strive to have FTLife team upwith the unique products and businesses of New World Group to provide customers with innovative product solutions and enhanced customer experience. With these synergies and riding on the expanding footprint of New World Group in the Greater Bay Area,we are well positioned to achieve substantial growth in the insurance market."

In addition,Fang Lin,expressed his special thanks to the regulatory authority for its strong support for the Company in its development,as well as the management,staff and sales channels of the Company for their diligent efforts and outstanding contributions. He stressed: "FTLife is committed to creating long term values and growth,and pursuing excellence in product development,technological innovation,customer service and talent development. These strategies give infinite momentum to FTLife. We will continue to contribute sustained value to our customers,employees,shareholders and the society!"

About FTLife Insurance Company Limited

FTLife Insurance Company Limited ("FTLife") is one of Hong Kong's most well-established life insurance companies and a wholly-owned subsidiary of NWS Holdings Limited. Capitalising on a heritage of professionalism and excellence in serving clients,FTLife seeks to become a leading insurance group in Asia. It serves individual and institutional clients from a diverse portfolio of financial protection and wealth management products. FTLife aims to excel by cultivating lasting relationships and dedicates itself to providing clients with best-of-breed financial services to help them lead fulfilling lives.

About NWS Holdings Limited

NWS Holdings Limited (Hong Kong Stock Code: 659),as the diversified industries flagship of New World Development Company Limited (Hong Kong Stock Code: 17),invests and operates a wide range of businesses predominantly in Hong Kong and across Greater China. The Group's core businesses include toll roads,commercial aircraft leasing,construction and insurance,while it also manages a strategic portfolio spanning sectors from environment,logistics,facilities management to transport.

About New World Development

Founded in 1970,New World Development Company Limited ("The Group",Hong Kong stock code: 00017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality best defined by The Artisanal Movement,New World Group's core business areas include property development,property investment,roads,aviation and construction. Its operations in Greater China,especially the Greater Bay Area,had a total asset value of approximately HK$503.3 billion as at 30 June 2019. The Group's two listed companies are NWS Holdings Limited (61%),and New World Department Store China Limited (75%). New World China Land Limited is wholly owned by the Group.

Media inquiries

FTLife Insurance Company Limited

Branding,Marketing & Communication

Tel : 2591 8414

Email : ftlhk.mkt@ftlife.com.hk

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