February 26, 2014
Sumitomo Corporation has been providing educational assistance to students in impoverished areas of Yunnan Province since 2008.
On February 18, Chinese Ambassador to Japan Yonghua Cheng, Sumitomo Corporation President and CEO Kuniharu Nakamura, and General Manager for East Asia Nobuhiko Yuki (CEO, Sumitomo Corporation China Group) signed a second five-year memorandum on such assistance. Over the next five years 50 million yen will be donated to the Sumitomo Corporation Chinese Student Assistance Fund, founded in 2008, to maintain support for high-school students from poor households so they may continue their studies.
The Chinese government has regionally allocated state relief projects for impoverished areas throughout the country to various ministries and agencies, and the Ministry of Foreign Affairs of China has been engaged in assistance efforts in Jinping and Malipo counties of Yunnan Province since 1992. Both counties are economically backward areas, with 99% of their territory covered in mountains.
In collaboration with the Chinese Ministry of Foreign Affairs, Sumitomo Corporation has been helping students from poverty-stricken households attend high school. Over the past five years, these activities have reportedly helped 1,800 students go on to high school, with 300 of these subsequently advancing to university. We hope these activities can contribute in some small way to the development of the local communities by helping impoverished students with the ability and desire to learn to attend school and thereby fostering their young people.
Ambassador Cheng said about this ongoing assistance: "These are very meaningful activities and, on behalf of Jinping and Malipo counties and the Ministry of Foreign Affairs, I would like to express our heartfelt thanks for their continuation."
Chinese Ambassador to Japan Yonghua Cheng (center), Sumitomo Corporation President and CEO Kuniharu Nakamura (left), and General Manager for East Asia Nobuhiko Yuki (right) shaking hands
Letters received from beneficiary students in Yunnan Province about their studies