Tiens Group Donated RMB12 Million to China Education Development Foundation

Set up the “Li Jinyuan Education Financial Support Plan of the China Education Development Foundation”
2007-7-18

In June 2007, China Education Development Foundation and Tiens Group cooperatively set up the "Li Jinyuan Education Financial Support Plan of the China Education Development Foundation". The total amount of such financial support plan is RMB12 million, which is planned to be donated by Tiens Group in three equal installments to China Education Development Foundation during the period of three years from 2007 to 2009 (i.e. donating RMB4 million each year). And part of the fund is used to assist excellent students with financial difficulty studying in Tianshi College and in other Tianjin colleges and universities to complete their student career. Meanwhile, the fund shall also be used to support the students with financial difficulty studying in primary and middle schools and to help construct primary and middle schools in the poverty-stricken areas and launch other commonweal education projects.

In 1995, Mr. Li Jinyuan established the Tiens Group Co., Ltd. in Tianjin. Today, Tiens Group has become a multinational enterprise group integrating industrial capital, commercial capital and financial capital into itself and engaging in such business fields as retails, tourism, finance, international trade and e-business. Tiens Group has been adhering to the public welfare concept of "resulting from the society and serving the society", and incumbent on assuming social responsibilities of the enterprise. By the end of 2006, TIENS' investment in charities and public welfares had totaled RMB1.03 billion, and most of it was used for education.

Mr. Li Jinyuan has always been concerned with and provided supports to the development of education in China and hopes to arouse the whole society's concerns on the students from poor families, and then makes a contribution to Chinese educational and charity undertakings.


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