Recently, Cedar Holdings was awarded Key Contributor to Guangdong COVID-19 Fight among private companies.
On August 28, on the opening ceremony of 2020 Guangzhou Peking Road Online Charity Carnival organized by Guangzhou Charity Association, Cedar International Trust was recognized as one of 2020 COVID-19 Fight Donators.
In the letter of commendation addressed to Cedar, Guangdong Federation of Industry and Commerce said that Guangdong private companies upheld the Cantonese business spirits of the new era, fulfilled their social responsibility and formed a powerful squadron to fight against COVID-19 along with the rest of China. According to the available statistics, donations from private companies, chambers of commerce and business association across Guangdong province as well as designated funds for COVID-19 prevention and control totals RMB 6.11 billion. This shows the efficiency and sense of responsibility of Cantonese businesses.
At the beginning of this year, upon learning the shortage of medical supplies of several Wuhan hospitals, Cedar decided to give them a hand. On the first day of the lunar new year, Cedar International Trust, a subsidiary of Cedar Holdings, donated a large sum of capital and medical supplies to Wuhan through the Guangzhou Charity Association. Soon after that, Qixiang Tengda, a key chemical player under Cedar Holdings also gave donations to the Red Cross Society. Cedar Holdings and Cedar International Trust are the first Guangzhou enterprise and the first trust enterprise to make large donations to Wuhan, said The Guangzhou Charity Association stated.
Medical Supply Donated by Cedar to Wuhan hospitals
As a Guangzhou based company listed on Fortune Global 500, Cedar Holdings sticks to the values of "Create, Share and Love" for years, which guided its efforts to give back to the society and create a sustainable & green future.
