Sands China Ltd has started a Hato Education Sponsorship Fund, benefiting six children and young adults who lost a parent to Typhoon Hato when it hit Macau in August 2017. The company held a signing ceremony for the fund on Wednesday at Sands Macao.
In support of their continuing education, the fund is part of Sands China’s long-term support to the community in the aftermath of the storm.
The new fund has been established in cooperation with Fidelidade – Insurance Company Limited (Life). Sands China will provide a total of MOP$6 million to the affected children and young adults, with MOP$1 million allocated for each recipient. The beneficiaries receive financial support for their continued education, including for primary, secondary and tertiary studies. The financial assistance covers areas such as tuition fees, extracurricular activities, school supplies and study materials.
“Sands China remains dedicated to offering continuous support to those in need after Typhoon Hato,” said Sands China Ltd President Dr Wilfred Wong. “After understanding the dire situation of children and young adults whose families suffered severe losses, we began developing a plan to help. This education fund will provide crucial support for their studies, as education is essential for their development and success in life. Our gratitude goes toward the Social Welfare Bureau for their help in coordinating this effort.”
Ivan Cheung, general manager of Fidelidade – Insurance Company Limited (Life), added, “Natural disasters are cruel, but there is love in the human race. Sands China has always been committed to the community. In order to help the families of the victims and reduce their financial burden, Sands China is establishing an education sponsorship fund to provide financial support to the affected children and young adults. It is therefore our honour to be appointed trustee of this education sponsorship fund and work with Sands China in supporting our community, carrying out our social responsibility and instilling more positive energy into society.”
