October 24, 2021


From native P.o.V.

The charity foundation of Cao Dewang plans to invest 10 billion yuan to build Fuyao University of Science and Technology

4 min read

The Paper Journalist Yang Yang

The Heren Charity Foundation, founded by Cao Dewang, Chairman of the “Glass King” and Fuyao Glass Industry Group Co., Ltd. (from now on referred to as Fuyao Group), plans to invest 10 billion yuan in preparing for the establishment of “Fuyao University of Science and Technology.”


According to a message published on the website of Heren Charity Foundation on May 2, the first meeting of the third board of directors and the board of supervisors was held in Fuqing recently. As one of the agendas, the panel reviewed and approved the 2021 charity project expenditure plan and determined the future project allocation plan. ” To reserve sufficient funds to establish “Fuyao University of Science and Technology,” the board of directors and the board of supervisors decided to extend the agreement with Northwest Agriculture and Forestry University. Fujian Fumin Foundation, Nanjing University, and the completion of the five projects approved for payment in 2021 (a total of 263.75 million yuan), the foundation will suspend social donations. In principle, no more projects will be approved, and new projects will be approved. ”


At the meeting, the directors and supervisors of the foundation formed a resolution on the “Heren Charity Foundation initiated the establishment of the “Fuyao University of Science and Technology” Preliminary Construction Plan”: the foundation plans to invest a total of 10 billion yuan into the preparation of the “Fuyao University of Science and Technology,” project funding The funds are allocated according to the project implementation progress, and the funds are directly allocated to the project construction company; the nature of the school is to explore a new model of running a public university jointly; in terms of the development of the school, the foundation proposes to follow the “high-level, small-scale, application-oriented, international, and market The concept of “Huawei” school management, and the development of engineering and technological universities.


In terms of the specific management system, Heren Charity Foundation will act as the organizer of the school, provide continuous financial support and guarantee for the construction and development of the school, be responsible for determining the number and composition of the school board of directors, appoint members of the school board, and supervise the school’s use per the contract. Property invested by the organizer. In addition, the Heren Charity Foundation helps the school carry out cooperative research and joint education with domestic and international first-class universities.


The news also stated that the establishment of “Fuyao University of Science and Technology” is to “train applied and technical skills for my country’s real economy and advanced manufacturing industry… and strive to cultivate high-quality applications with international vision, craftsmanship, and innovative management capabilities.” Talents with high-quality and technical skills have become the cradle of engineers in China’s new era.


According to Fuzhou News.com, “Fuyao University of Science and Technology” initially selected the site on Liuzhou Island, Nanyu, Fuzhou High-tech Zone. The school runs a scale of 3,000 to 5,000 people. The focus of majors is the relatively disadvantaged majors in China. Each major is equipped with standard laboratories. Recruit outstanding undergraduate graduates nationwide, carry out the training of applied talents at the postgraduate level and solve the current problem of application-oriented and research-oriented skills in my country.


Cao Dewang is 75 years old. Fuqing, a county-level city under the jurisdiction of Fuzhou City, Fujian Province, is his hometown and the headquarters of Fuyao Group. According to local media reports, as of September last year, Cao Dewang had donated about 12 billion yuan to the society, of which more than 1.5 billion yuan was donated to his hometown of Fuqing.

In 1976, Cao Dewang began to work as a buyer in the special-shaped glass factory in Gaoshan Town, Fuqing City. In 1983, he contracted this small factory that was on the verge of bankruptcy. In 1986, 40-year-old Cao Dewang began his career in auto repair glass, and in 1987 established Yaohua Automotive Glass Company (the predecessor of Fuyao Group) with his first pot of gold. In 1993, Fuyao Glass was listed on the main board of the Shanghai Stock Exchange (600660) and in 2015 on the Hong Kong Stock Exchange (3606.HK). In 2002 and 2004, Cao Dewang led Fuyao to win two anti-dumping cases in Canada and the United States.


According to official website information, Fuyao Group currently has production bases and business organizations in 16 provinces in China and 11 countries and regions, including the United States, Russia, Germany, Japan, and South Korea, with approximately 27,000 employees worldwide. The automakers that provide global OEM supporting services and complete solutions for automotive glass include Bentley, Mercedes-Benz, BMW, Audi, GM, Toyota, Volkswagen, Ford, Chrysler, etc.


In May 2011, Cao Dewang and his wife announced the donation of 300 million shares of Fuyao Glass Co., Ltd. held by individuals to the Heren Charity Foundation. ) Non-public charity foundation founded. The foundation’s grant involves many fields such as emergency disaster relief, education, poverty alleviation, environmental protection, and public welfare theory research and dissemination.

Editor in charge: Li Yuequn
Proofreading: Ding Xiao

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