Linyang Energy donated 20 Million Yuan($2.81 million) to the Qidong Charity Association

On November 4, Linyang Energy held a signing ceremony in Qilong Town to donate 20 Million Yuan($2.81 million) to the Qidong Charity Association. Under the agreement, starting in 2024, Linyang will donate 1 million yuan($140,647) annually for the next 20 years. A portion of this—250,000 yuan($35,162) each year—will go specifically to public welfare projects in Qilong Town, supporting education, healthcare, and poverty alleviation.

For nearly 30 years, Linyang has been actively contributing to social causes, donating over 90 million yuan($12.66 million) to charitable projects.

"Linyang is a company driven by a strong sense of responsibility and mission," said Mr. Lu Yonghua, President of Linyang Group and Chairman of Linyang Energy. "We will continue to support charitable initiatives, making philanthropy an integral part of our journey."

*All USD figures in the text are based on the closing exchange rate as of November 5, 2024.