Hong Kong, Hong Kong S.A.R., May 22, 2008 --(PR.com
)-- Global Sources (Nasdaq: GSOL) has outlined its plan to donate up to RMB 1,000,000 to aid victims of the Sichuan earthquake. So far, the company has allocated RMB 500,000 for charity and plans to raise another RMB 500,000 by matching donations from team members. The company plans to distribute the funds to various charities in the following amounts:
-- Up to RMB 500,000 to be donated to the China Youth Development Foundation (http://www.cydf.org.cn/index.asp) to help rebuild a school in Sichuan province. Global Sources is planning to form a team of volunteers to directly assist in this project.
-- RMB 200,000 to be given to the Half the Sky Foundation (http://www.halfthesky.org) to provide care for children orphaned by the earthquake.
-- RMB 200,000 to be spent to provide medical supplies, water, food and other necessities to survivors through the local Red Cross in Guang Yuan city, a particular hard-hit area.
-- RMB 100,000 to be donated to Red Cross of China (http://www.redcross.org.cn), which now has volunteers in the affected areas actively assisting with relief efforts.
Global Sources Chairman and CEO, Merle A. Hinrichs, said: "After a careful review of dozens of charities and the needs of those affected by this terrible tragedy, we believe we've come up with the most appropriate plan to provide funds and assistance.
"In addition to immediate financial and material support, we are making a long-term commitment to help residents of Sichuan rebuild. Our team members in China are being mobilized to directly assist with relief efforts now and in the months ahead."
Half the Sky Founder and Executive Director, Jenny Bowen, said: "This tragedy has had a heart-breaking effect on the children of Sichuan province, many have lost or been separated from their families. We greatly appreciate Global Sources generous contribution, which will help support our efforts on the ground tending to the needs of children in temporary shelter and for those who will need longer term care."
More information about Global Sources' charitable efforts is available at http://www.corporate.globalsources.com/CR/Home.htm .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 700,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2.6 million products and more than 195,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 32 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.