January Exhibition Success Paves the Way for Space in HKCEC

Exhibitors were pleased to experience new buyers from new markets in the two major trade fairs held in January, paving the way for the new expansion space in Hong Kong Convention and Exhibition Centre opening in the spring.

Despite the challenging economy worldwide, the exhibitors from the Hong Kong Toys and Games Fair/Hong Kong International Stationary Fair and Fashion Week for Fall and Winter/World Boutique Hong Kong 2009 were happy to see new buyers from emerging markets attending the fair.

"Management accepts as does the industry that the exhibition industry is facing challenges well into 2009. But a positive sign is that the exhibitors were pleased that the high-quality new buyer traffic at the Fair can help expand their business to overseas emerging markets. New buyers will attract more exhibitors who have been demanding for more exhibition space in our centre, " said Mr. Cliff Wallace, Managing Director of HKCEC.

To accommodate the growing demand of exhibition space from current and potential new clients, HKCEC's second expansion is due for competition this spring. The HK$1.4 billion expansion project will add 19,400 sqm of exhibition space to the HKCEC, bringing the total to nearly 83,000 sqm and total rentable function space to over 90,000 sqm.

An 818 sqm Chancellor Room which can accommodate near 400 guests for banquets will also be opened as part of the expansion as well as two more restaurants will also open, bringing the total restaurants operated within the Centre to seven.

Hong Kong Convention and Exhibition Centre (Management) Ltd (HML) is a member of NWS Holdings Limited. NWS Holdings Limited ("NWS Holdings", Hong Kong stock code: 659), the infrastructure and service flagship of New World Development Company Limited (Hong Kong stock code: 17), embraces a diversified range of businesses in Hong Kong, Mainland China and Macau. Its Infrastructure portfolio includes Roads, Energy, Water and Ports projects. Its Service & Rental division comprises Facilities Rental (the management of Hong Kong Convention and Exhibition Centre and ATL Logistics Centre), Contracting (Hip Hing Construction and NWS Engineering), Financial Services (Taifook Securities and New World Insurance) and Other Services (New World First Bus, Citybus and New World First Ferry).

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