New World’s Adrian Cheng Announces New Initiatives to Combat Coronavirus

March 02 20202

To help fight the COVID-19 epidemic and solve the shortage of preventative gear such as surgical masks, Adrian Cheng, CEO of New World Development (“NWD” or “the Group”) on Friday announced that the Group will set up local mask production lines through its charity foundation to produce 200,000 masks a day in Hong Kong SAR. Production is expected to start in April 2020, and the masks will be given for free to the public as part of NWD’s efforts to combat the coronavirus. In addition, NWD will invest HK$10 million and work in partnership with Master Dynamic Limited (MD), a leading Hong Kong material analysis and nanotechnology company, to research and develop the application of NanoDiamonds te