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Business Partnership

Memorandum & Articles

  • This memorandum & articles is made compliance with relevant law and regulations, aiming at coordinating and fostering the close relationship between New World Department Store and its suppliers and to create a better department store retail environment.
  • “New World Net” (N.W.NET) is planned and formed by New World Department Store China Limited (hereinafter called NWDS) . All types of suppliers, including those existing, going-to-be and potential suppliers and other closely-related companies are entitled to join the organization. “New World Net”  only accepts company to join but not application in personal name.
  • “New World Net” members can be categorized into two types: suppliers and relevant business partners. Member will also be divided into VIP member and ordinary member according to their annual sales results and brand equity in various NWDS stores. All those suppliers with good sales performance will be invited to join “New World Net”, the criteria for membership will be evaluated every year.  Relevant business partners refer to those companies that have a close collaboration with NWDS,  such as: lawyer firm, advertising firm,  engineering company, material supplier invited by respective departments and stores  to join “New World Net”. The committee of “New World Net” will be responsible for formulating the enrolment criteria and membership categorization, and they reserve the final right to construe the terms of New World Net membership.
  • Each company member of the “New World Net”  can delegate the most of 2 authorized persons as company representative, representing the company to attend activities of New World Net and act as contact person.
  • Suppliers have to fill in the application for New World Net’s membership enrolment. Applicants are required to send copies of the company’s business registration and identification documents of the basic company’s representative to “New World Net”. “New World Net” will set a membership number and categorize the type of membership for eligible applicants and will notify them in written notice. “New World Net” will keep all application data confidential.
  •  ”New World Net” members should pay the annual fees respective to its designated type of membership within 10 days upon receiving the confirmation slip. Payment overdue will be considered as declining the membership automatically.
  • If there is a change of  company’s representative, member should inform the New World Net’s committee immediately for appropriate arrangement and ensure the company can continue to enjoy all benefits.
  • Members should comply with the rules set out in “New World Net”. In case of any breach to these terms, and any loss to New World Net and other members is incurred thereof, New World Net reserves the right to disqualify its membership.
  • All activities and notices are circulated mainly in Chinese.。
  • This memorandum is the introduction to application method for  “New World Net”. It does not engage any legal obligations. In case of dispute, involved parties should negotiate to resolve the dispute.

New World Department Store China Limited
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Chairman of “New World Net” – Philip Cheung

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Privacy Policies of the Company
NWDS may share your personal data with or transfer the same to any related parties (within Hong Kong or Mainland China), including but not limited to the stores operated/managed by NWDS, New World Development Company Limited, Chow Tai Fook Jewellery Group Limited and their respective associated companies (collectively "New World Group") and the specified business associates of New World Group for necessary purposes, such as providing you with related information, etc.