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a growth of 14.1% in comparison with the last finan-    In  the  last  financial  year,  the  “R ebuild-

          cial year.                                        ing  Collapsing  Schools  Project”has  mobilized
               Income for the last  10 years is listed as follows:  HK$6,680,000  for rebuilding  a total  of 38  schools
                                                            in China. The following list shows schools that have
                 Year       Donations (HK$)    十  / - %
                                                            been funded and rebuilt by this Project in this finan-
             1997/1998         $4,040,259     +21%
                                                            cial year.
             1998/1999         $6,024,506     +49%
             1999/2000         $8,398,971     +39%
                                                            Guizhou Province
             2000/2001        $13,661,014     +63%
                                                            (1)  He Zhang County Xing Fa Township Ya Du Fu
             2001/2002        $17,308,984     +26.7%
                                                                 Li Primary School
             2002/2003        $18,090,110     +4.5%
                                                            (2)  He Zhang County Shui Tang Township Xin He
             2003/2004        $21,173,782     +17.3%             Primary School
             2004/2005        $28,029,471     +32.3%        (3)  He Zhang  County  Zhi  Jie Township  Da He
             2005/2006        $29,424,338     +4.9%              Primary School
             2006/2007        $33,596,478     +14.1%        (4)  He Zhang County Ye Ma Chuan Township Nian
                                                                 Fang Primary School
               Following  are  details  of projects  we have  sup-
                                                            (5)  He  Zhang  County  Cheng  Guan  Township  Da
          ported in the last financial year:
                                                                 Qiao Primary School
                                                            (6)  He Zhang County Ke Le Township Feng Shou
          1. Back to School Project:
                                                                 Wen De Primary School
               Rev.  Law  Kit-choi  is  the  Chairperson  of the
                                                            (7)  Zhen Feng County Sha Ping Township Zhe Suo
          working group of this Project.
                                                                 Primary School
               The “Back to  School  Project”  has  a history
                                                            (8)  Ceheng  County  Badu  Township  Zhelong
          of  13  years.  The  purpose  of this  Project is  to  spon-
                                                                Primary School
          sor  young  students  to  complete  their basic  primary
                                                            (9)  Pan County Ji Chang Ping Township Yi Ke Da
          school education. At the beginning of 2007, the Chi-
                                                                Qin Primary School
          nese  Central  Government  announced  a  new  policy
                                                            (10)  Fuquan  City  Disong  Township  Tong  Tie
          of financial  support  to  fully  implement  9  years  of
                                                                Primary School
          free  education  in  China.  Thus  there  is  no  longer a
          need to continue the  Project.  On  March  7,  2007  the   (11)  Fu  Quan  City  Dao  Ping  Township  Tu  Ka
                                                                Primary School
          working  group  decided  to  terminate  this  Project  in
          the 2007/2008  school year.  In the 2006/2007  school   (12) Huang Ping County Jiu Zhou Township Bai Zi
                                                                Qiao Du Shao Wen Primary School
          year,  56,879  students  were sponsored,  and the num-
                                                            (13) Wei Ning County Cao Hai Township Shan Qiao
          ber of sponsors was  15,479.
                                                                Da Qin Primary School
              To  follow  up  the  working  group’s  decision,
          these procedures have been carried out:           (14) Yan  He  County  Guan  Zhou Township Ye  Qi
                                                                Gen Liang Yan Qing Primary School
              (a) Inform sponsors who have prepaid the spon-
          soring  fee  for  several  years  about  options  to  settle   (15) Yan He County Guan Zhou Township Miao Ba
                                                                Liu Bi Ru Primary School
          the remaining balance.
              (b) A formal letter about the termination of this   (16)  Xing Yi  Shi Zhu  Chang  Ping Township Ya Xi
          Project and a letter of appreciation  sent  to  all  spon-   Tian Zhou Ai Lian Primary School
                                                            (17)  Fang  Gang County Xin Jin Township  Da  Shui
          sors with an invitation to support other projects.
                                                                Huan Zhen Primary School

          2. Rebuilding C ollapsing Schools                 (18)  Kai  Li  City  Da Feng Dong Township  Ping Li-
                                                                ang Huan Zhen Primary School
            Project:
              Mr.  Lu  Kwong-fai  is  the  Chairperson  of the
          working group of this Project.



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