Synear Foods co-founder and CEO Peng Wang donated equity to the Westlake Education Foundation on Dec. 19 to support the development of Westlake University.

Synear Food co-founder and CEO Peng Wang, Deputy General Manager Yafei Wang, President Yigong Shi of Westlake University, and Secretary General Minhao Liu of the Westlake Education Foundation attended the donation ceremony. The ceremony was also livestreamed for Synear Food employees.

President Shi introduced the management model and scientific research achievements at the ceremony. He also expressed his heartfelt gratitude to Wang and Synear Food.

President Shi greeted his Henan fellows in Henan dialect. “Born and raised in Henan, I am a Henaner through and through,” he said. “In Henan, we have many Westlake family members who support the development of the university. I am always touched by the enthusiasm shown in Henan.”

Synear Food started their philanthropy work in 2007, with education being a key interest. From focusing on the left-behind children, to sponsoring students from poor families, to donating buildings to schools, Synear Food supports education with their action. Wang said, “I saw the reform in scientific research and education in Westlake when I visited the campus. The university is influencing our future in an unprecedented manner, and I find that exciting. Building Westlake University is the work of the brave. After learning their story, I also seem to have found courage within myself. Synear Food and Westlake University both stand in the frontline of building a good life for mankind, and we are glad to join paths with Westlake.”

Secretary General Minhao Liu gave Synear Food a porcelain relief print of the Yungu Campus, which represents the gratitude of Westlake University.

As the main fundraising vehicle for Westlake University, the Westlake Education Foundation has been expanding the range of donations from cash donations to equity donations, material donations, intellectual donations, and service donations. Equity donations are a new type of donation, allowing Westlake University to benefit from the added value and equity dividend as the companies continue to grow.