Baosteel Donates 20 Million Yuan to Shanghai Charity Foundation

As a member of the Fortune's 2003 Global 500, Baosteel has been sticking to its glorious tradition to give back to the society. On July 20, a donation ceremony was held at Shanghai Charity Foundation, on which Baosteel donated RMB 20 million to the Foundation to help the poor. Xie Qihua and Liu Guosheng said at a discussion meeting held later that Baosteel has been devoting itself to social charity causes to give back to the society, they noted that it is not only a historical mission for Baosteel, but also a responsibility that Baosteel should bear. They said that instead of different kinds of celebrations, Baosteel chose to donate to charity causes to advocate its philosophy of developing together with the society and with Baosteel people which was also a tribute to the society that Baosteel has made.

Shanghai Baosteel Group Corporation has been devoting itself to social charity causes in more than ten years. According to incomplete statistics, Baosteel has donated more than RMB 300 million to social charity causes such as science, education, culture, hospital, Hope project and so on.