On the morning of Dec. 23, the scholar donation ceremony of Li Weibo Foundation was held in the headquarters of the Group. 24 children of the Group’s employees were awarded scholarship totaling over RMB 300,000. “Support Education” is one of the important philosophies of the Foundation. To encourage employees’ children to work hard, the Foundation launched Li Weibo Scholarship Program offering scholarships of RMB 30,000, 20,000 and 10,000 to employees’ children studying a full-time master program, bachelor program and junior college program respectively. For needy employee’s children studying at a university, the program also offers them scholarships and pays for their tuition and accommodations before their graduation.