On November 21, local time, the COSCO SHIPPING Charity Foundation donation ceremony for the “Children Included” program was held at the Port of Piraeus in Greece. Mr. Antonios Avgerinos, President of the Hellenic Red Cross, Mr. Yiannis Plakiotakis, Greek Minister of Shipping and Island Policy, Mr. Yu Zenggang, Chairman of PPA S.A. and Mr. Fu Xiaoli, Deputy Secretary General of COSCO SHIPPING Charity Foundation attended the ceremony.
When addressing the ceremony, Mr. Yu Zenggang said through this public welfare activity, COSCO SHIPPING Charity Foundation will donate 500,000 euros (about 3.9 million yuan) to the Hellenic Red Cross to subsidize students from low-income families in Athens and the region of Piraeus, mainly including giving scholarships to outstanding high school graduates to cover their college entrance examination fees, and organizing 30 cultural and sports activities targeting children between 6 and 16 years of age. The one-year program is planned to benefit more than 2,100 children.
Later, COSCO SHIPPING Charity Foundation handed over the donation card to the Hellenic Red Cross. Mr. Antonios Avgerinos thanked the Foundation for proactively participating in Greek cultural and educational charity undertakings, and wished COSCO SHIPPING prosperity. At the ceremony, a student choir from the beneficiary schools put on a wonderful performance to express their gratitude to COSCO SHIPPING.
Future
As a major donor of COSCO SHIPPING Charity Foundation, COCSO SHIPPING invested in the Port of Piraeus project at the beginning of 2009. After 10 years of unremitting efforts, Piraeus has become the flagship project of jointly constructing the Belt and Road and effectively boosted economic recovery and social development in Greece. During the construction of the port, COSCO SHIPPING has been emphasizing the fulfillment of its corporate social responsibilities and taking an active part in local charitable activities. In 2018, through the Foundation, COSCO SHIPPING offered financial aid to the Hellenic Olympic Committee to support the participation of Greek disabled athletes in the 2022 Beijing Winter Paralympics. This program, which once again integrates the public welfare undertakings of COSCO SHIPPING at Piraeus with local society, will play an active role in facilitating the friendly people-to-people exchanges between the two countries.
On November 19, a delegation led by Mr. Fu Xiaoli, Deputy Secretary General of COSCO SHIPPING Charity Foundation, paid a visit to the headquarters of the Hellenic Red Cross and met with its President Mr. Antonios Avgerinos. They signed the program donation agreement and exchanged viewed on matters concerning program implementation.
The successful cooperation between COSCO SHIPPING Charity Foundation and the Hellenic Red Cross has obtained strong support from PPA S.A. and the Hellenic Republic Asset Development Fund (HRADF). Executives from PPA S.A. also attended the activity.
Background:
COSCO SHIPPING Charity Foundation was established in October 2005 with the approval from the Chinese Ministry of Civil Affairs (MOCA), and was officially inaugurated on December 20 the same year. As one of the earliest non-public offering, non-profit charity organizations initiated by SOEs in China, the Foundation was launched by China COSCO SHIPPING Corporation Limited (COSCO SHIPPING) and its subsidiaries, with a registered capital of 100 million yuan.
COSCO SHIPPING has been an active advocate and practitioner of public welfare and charity undertakings. To help the corporation better fulfill its social responsibilities and extend such benevolent undertakings even more widely, COSCO SHIPPING Charity Foundation was therefore established.
With the purpose of carrying forward national spirit, showing its love, supporting the philanthropic and public welfare undertakings, and promoting social harmony, the Foundation has been proactively fulfilling its social responsibilities and organizing social relief activities to help the needy, relieve those affected by disasters, and aid the impoverished population and financially disadvantaged students. By the end of 2018, it had implemented more than 500 charity projects, with an accumulated donation of over 600 million yuan. Along with its business expansion in foreign countries, COSCO SHIPPING is also gradually developing charitable cause overseas.
2017
COSCO SHIPPING Charity Foundation participated in the “B&R Fraternity Fund” project of the Chinese Red Cross Foundation (CRCF) by providing integrated transportation services for several batches of overseas medical supplies.
2018
The Foundation offered financial aid to the Hellenic Olympic Committee to support the participation of Greek disabled athletes in the 2022 Beijing Winter Paralympics.
2019
The Foundation cooperated with the Hellenic Red Cross for the first time on the “Children Included” program to increase access of children and youth coming from underprivileged families to education and recreational activities.
Source:COSCO SHIPPING
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