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440,000 RMB Aid to 500 Needy Students

SIP Charity Foundation sponsored "2007 Aid to Needy Students" activity on Aug. 26, at which 440,000 yuan RMB was raised and distributed to over 500 financially hard-up students from SIP region to help them proceed with the new term of study.

The donation activity, initiated by SIP Charity Foundation in mid-July, was warmly responded by SIP Association of Foreign-invested Enterprises, SIP Private Economic Association, and SIP Working Committee for the Care of Younger Generations. 16 enterprises and 3 individuals contributed a total of 440,000 RMB, adding up to over 600,000 RMB donation. Two of the donating enterprises confirmed their long-term involvement in donation by agreement and promised opportunity for the needy students to work part-time with pay.

The similar activities are being carried out in the various townships of SIP to ensure full coverage of assistance to the needy students within SIP regions. All donated money will be handed to the needy students before new term begins.

Aug. 27, 2007

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