9th March,
2000
Vitasoy Donates HK$2 Million to
Fund Studies
of University Students with Disabilities
To commemorate the 60th anniversary of the founding
of Vitasoy Group by the late Dr K.S. Lo, Vitasoy International
Holdings Ltd. and the K.S. Lo Foundation announced yesterday
(9 March 2000) the setting up of the "Vitasoy and
K.S. Lo Foundation Bursaries for Students with a Disability".
A HK$2 million cheque -- with Vitasoy and K.S. Lo Foundation
each contributed HK$1 million -- was presented last
night at Vitasoy’s 60th anniversary cocktail to
the University of Hong Kong. The donation will be used
for the setting up an endowment fund for the bursaries
to help students with a disability at the University
who need financial assistance to complete their studies.
The cheque was presented by Mr. Frank Lo, Chairman of
the K.S. Lo Foundation and received by Professor Y.C.
Cheng, Vice-Chancellor of the University of Hong Kong
of which the late Dr Lo was an alumnus.
The bursaries will be open for application by full-time
undergraduate or postgraduate students with a disability
at the University effective from the 2000-01 academic
year.
Executive Chairman and Managing Director of the Vitasoy
Group, Mr. Winston Lo, said: "When my father founded
the Company, his wish was to produce a nutritious beverage
which the less well off, who made up the majority of
the population in Hong Kong and China at the time, could
afford."
Operating a viable business and at the same time contributing
to the well-being of the community through helping those
in need has since then become an important part in the
Company’s corporate mission, he said.
The establishment of the endowment fund has allowed
us to give back in an organized manner to the community
that has nurtured our growth over the years and supporting
the education of young people who have financial needs
is certainly a worthy cause, he continued.
With people all over the world becoming more health
conscious and scientists focusing research efforts on
identifying and confirming the nutrition values of the
soya bean, Vitasoy is looking forward with confidence
to growth and expansion into the global market, he said.
"This will allow us to contribute even more to
this community as a business as well as a corporate
citizen."
Other than setting up bursaries to help needy students,
to celebrate its 60th anniversary on 9th March 2000,
Vitasoy has also launched a two-month special promotion
giving out more than 2.6 million prizes to its customers
to thank them for their support over the years.
All customers in Hong Kong and Macau can take part in
this special promotion which started on 1st March and
win prizes the instance they bought Vitasoy beverages
with the "Vitasoy 60th Anniversary" label.
All they need to do is to tear open the label on the
pack to find the prize coupon underneath.
"We’ve come a long way in 60 years and we
could not have done it without the support of our customers.
The special promotion is a token of our appreciation
that we hope will make them happy," said Mr. Lo.
In the years to come, Vitasoy will strive to continue
its commitment to produce high quality beverages and
food that provide nutrition to Hong Kong people as well
as customers around the world, he said.
For further information please contact:
Ms. Stella Lung,
Public Relations Department,
Vitasoy International Holdings Ltd.
Tel: 2468 9644
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