A ceremony to celebrate the foundation of Xingwag Group was held in Xingwang Group yesterday. The ceremony was held in a rather simple way so that the group could donate 600,000 Yuan to charity, among which 500,000 will be donated to Cixi Charity and the rest to Ningbo Charity. It is said that the donation will be mainly used to aid the senior citizens and students.

　　Officials from Ningbo Charity says that more and more enterprises are now considering donating to chrity. Langmu Group once donated 1,650,000 Yuan while Fulong Company donated 1,000,000 Yuan. Zhongxing Company even donated 6,000,000 Yuan to charity when going public abroad