For immediate release 6 March 1997
Local Philanthropist Contributes
$2M to HKUST
The Fong Shu Fook Tong Foundation will donate $2 million to the Hong Kong University of Science and Technology for the
establishment of the Fong Shu Chuen Fund for university development.
"Education is the key to success for Hong Kong. I hope the business community will join me in making contributions to HKUST towards the training of future leaders," said Dr Fong Yun Wah, Chairman of the Foundation.
In recognition of the gift, the University will name the campus walkway linking Undergraduate Halls I and II the Fong Shu Chuen Promenade.
Sir S. Y. Chung, Chairman of the University Council, and Professor Chia- Wei Woo, President of HKUST, will accept the donation at a presentation ceremony to be held on 12 March 1997.
Dr Fong, son of the late Fong Shu Chuen, is Chairman of the Hip Shing Hong Group of Companies, a property development and construction conglomerate. The Hip Shing Hong Group has made a long-term philanthropic commitment by designating one-tenth of company profits for the improvement of education and social welfare services.
In 1970, Dr Fong launched the "Education For All" program in the Chinese Mainland which has since built more than 30 primary and secondary schools.
Dr Fong is a longtime friend of HKUST and has always followed its development closely.
Details of the ceremony are as follows:
Event: Donation Presentation Ceremony and Opening of
the Fong Shu Chuen Promenade
Date: Wednesday, 12 March 1997 Time: 3 pm
Venue: 7/F Foyer, Academic Building (via lifts 13-15),
Hong Kong University of Science and Technology, Clearwater Bay, Kowloon
Note to Editors:
Direct enquiries to the Office of Public Affairs at 2358 6306 or e-mail
pamedia@usthk.ust.hk.
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