Media: Former Vice Chairman of New World Development, Cheng Chi Kong, completely steps down from all positions in the family company.

According to the information from the Companies Registry reported by Ming Pao, former Vice Chairman of New World Development, David Chung, resigned from his position as a director of the privately held Chow Tai Fook Enterprises under his family on June 30th. David Chung had previously resigned as a director of K11 Group and K11 Concepts under New World Development in November last year. David Chung's wife, Chu Yu-ya Ying, has also left Chow Tai Fook Education. The report indicated that after David Chung left the listed board of New World Development in July this year, the couple completely relinquished all positions in the Chung family's companies.