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Global Sources Details Plan to Distribute up to RMB 1,000,000 to Aid Sichuan Earthquake Victims
HONG KONG, May 19, 2008 – 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 .

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