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HONG KONG, June 29, 2022 /PRNewswire/ New World Development Company Limited ("NWD", the "Company" or the "Group", Hong Kong stock code: 00017) announced today that 11 Hong Kong and global companies onboarded by NWD's accelerator Impact Kommons have been recognised by DBS Social Impact Prize fortheir culturally-driven, sustainability-oriented technology solutions, piloting their waste management and upcycling innovation in practice across the Group's businesses. Shoring up green innovation for a more sustainable future, Impact Kommons is soon to start recruiting the next cohort. DBS awards social impact prizes to innovative impact startups, businesses and social enterprises through different programmes in Asia. Impact Kommons is Asia's first accelerator based on the United Nations Sustainable Development Goals (UNSDGs) and powered by NWD'sopen innovation platform Eureka Nova and DBS Bank (Hong Kong) Limited ("DBS"), supporting te