Wanxiang Today

The signing ceremony of the charitable trust of "Lu Guanqiu's Sannong Spiritual Support Fund" was held in Hangzhou.

2018-07-06

On June 27, the signing ceremony of the charitable trust of "Lu Guanqiu's Sannong Spiritual Support Fund" was held in Hangzhou. Lu Weiding, Chairman of Wanxiang Sannong Group, signed on the Charter of Lu Guanqiu's Sannong Spiritual Support Fund. Wanxaing Trust Corporation served as the trustee. 

Mr. Lu Guanqiu was a distinguished entrepreneur with 55 years of entrepreneurship. Lu Guanqiu's Sannong Spiritual Support Fund will adhere to Mr. Lu Guanqiu's idea of "dispersing wealth to everyone can unite people's hearts, gathering wealth will lose support of others, making money without doing evil, using money with joy, mutual benefits and creating and sharing wealth together", and the trust property and its earnings will all used for charity. 


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Document No.: [WX-SD-201822001-001] 


Lu Guanqiu's Sannong Spiritual Support Fund 

Charter 

This Charter is part of the trust documents of the Lu Guanqiu's Spiritual Sannong Support Fund, and is the highest criterion for the existence, operation and disposal of trust assets and the institutions or individuals involved in the decision-making, management and supervision of the Lu Guanqiu's Sannong Spiritual Fund shall all be subject to the provisions of the Charter without any exception. The full text includes eight articles as follows: 

[Article 1 Establishment] 

The Lu Guanqiu's Sannong Support Spiritual Fund is to commemorate Mr. Lu Guanqiu, the founder of Wanxiang Group and Chairman of Wanxiang's board of directors, and to follow his sentiments, and it is a charitable trust established and named by Mr. Lu Weiding on the basis of essential mood, intuition and traditional humanistic knowledge. 

[Article 2 Trust Property] 

The initial property of Lu Guanqiu's Sannong Spiritual Support Fund is the equity of Wanxiang Sannong Group Co., Ltd. granted by Mr. Lu Weiding for free. The trust property and its earnings will all be used for charity. Mr. Lu Weiding and his family members will not enjoy the trust interests. 

[Article 3 Purpose] 

The purpose of Lu Guanqiu's Sannong Spiritual Support Fund is: to develop rural area, to modernize agriculture, and to make peasants rich, also to invest with influence, to be strivers -oriented and do practical things based on own abilities. 

[Article 4 Value Concept] 

Mr. Lu Guanqiu was a distinguished entrepreneur with 55 years of entrepreneurship. Lu Guanqiu's Sannong Spiritual Support Fund shall adhere to Mr. Lu Guanqiu's idea of "dispersing wealth to everyone can unite people's hearts, gathering wealth will lose support of others, making money without doing evil, using money with joy, mutual benefits and creating and sharing wealth together", and carry forward the struggling spirit of "telling the truth and doing practical things" 

[Article 5 Duration] 

Lu Guanqiu's Sannong Spiritual Support Fund has a permanent duration. 

[Article 6 System] 

Lu Guanqiu's Sannong Spiritual Support Fund shall implement the system of decision-making by the board of directors, management by the trustee and supervision by the trust supervisor. The board of directors, trustee and trust supervisor shall perform their duties according to trust documents of the Lu Guanqiu's Sannong Spiritual Support Fund and the national laws and rules. 

[Article 7 Right of Revocation] 

If the trust supervisor has reasons to believe that the disposal of the trust property is contrary to the provisions of the Charter, articles of association and trust contract of the Lu Guanqiu's Sannong Spiritual Support Fund, he has the right to ask the relevant organizations or individuals to correct. 

[Article 8 Power of Revision] 

This Charter is signed by Mr. Lu Weiding, the founder of the Lu Guanqiu's Sannong Spiritual Support Fund, and it shall come into force on the date of establishment of the fund. No institution or individual shall have the right to amend the provisions of this Charter after the establishment of the fund unless it is agreed by the founder. 


(The following space is for the founder to sign) 

Founder (signature): Lu Weiding 

Lu Weiding 

Date of signing: June 27, 2018 


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