4,800,000 RMB Donated to USTC from Alumnus LI Xiting President of Mindray

LI Xiting, an alumnus of University of Science and Technology of China (USTC) and now the president of Mindray Medical International Limited, donated 4.8 million Yuan RMB (approx. 723,840 U.S. dollars) to USTC in the donation ceremony held in USTC on December 26, 2010.

"As an alumnus of USTC, I feel obliged to give donation to my alma mater for her cultivation on me when I am capable to do so", LI said at the ceremony, "I will continue to give support to the development of USTC".

He also shared his entrepreneurial experience with attendees and gave on overview of his cooperation "Mindray Medical International Limited", a leading developer, manufacturer and marketer of medical devices worldwide founded in 1991 with the goal of delivering high-quality, competitively priced medical devices to make healthcare more accessible and affordable around the world.

In response, USTC president HOU Jianguo appreciated LI for his generosity and expressed hope that more and more USTC alumni including LI would visit their alma mater at times and make contribution to its development. He also introduced the major achievements of USTC as well as the challenges and opportunities facing it.

After the ceremony, LI pledged to donate annually 0.2 million RMB (30,160 U.S. dollars) to USTC as the President's Fund from 2011 to 2014.

LI received his bachelor s degree from USTC in 1976. He is the founder of Mindray and has served as director, president and co-chief executive officer of Mindray since 1991.

Mindray Medical International Limited (http://www.mindray.com/en/homepage/index.html) was founded in 1991 with the goal of delivering high-quality, competitively priced medical devices to make healthcare more accessible and affordable around the world. In 2006, it was listed on the New York Stock Exchange and named as "State Medical Diagnostic Equipment Engineering Technology R&D Center" by Chinese government, and now as a leading, worldwide developer, manufacturer and marketer of medical devices.

(News Center of USTC)