Zheng Mintai donated 10 million yuan to set up China's knitwear (underwear) fund

In a significant move for China's knitting industry, the "Zheng Min Thai Knitwear (Underwear) Fund" was officially launched in a signing ceremony held at An Lifang Shandong Industrial Park. This event marked a remarkable milestone for the Chinese textile sector, adding a vibrant and forward-looking touch to the industry's development in 2009. The fund was established through a generous donation of 10 million yuan by Zheng Mintai, Chairman of Embry Holdings Co., Ltd. This contribution stands as the largest single donation received by the Textile Light Technology Education Foundation to date, underscoring Zheng Mintai’s deep commitment to advancing education and technological innovation within the textile field. The ceremony was attended by several prominent figures in the textile industry, including Xu Kunyuan, Vice President of the China Textile Industry Association and Chairman of the Textile Light Technology Education Foundation, along with Xu Jianyuan, Yang Jichao, Yang Shibin, Li Jincai, Wei Kan, Zhao Chuanxiang, and others. Representatives from both the national and provincial textile sectors were present, highlighting the importance of this initiative. Zheng Mintai, accompanied by Yue Ming Zhu and Cheng Bi Hao, Executive Directors of Embry Holdings Limited, traveled from Hong Kong specifically for the event. During the ceremony, Xu Kunyuan and Zheng Mintai signed the official donation agreement, marking the formal establishment of the fund. Xu Kunyuan commended Zheng Mintai’s dedication to public welfare, emphasizing that the Textile Light Technology Education Foundation plays a crucial role in driving China’s ambition to become a global textile power. He highlighted the foundation’s focus on technological advancement and talent development as key factors in achieving this goal. Over the past three decades, Embry Group has consistently invested in research and personnel training, evolving into one of the most influential companies in the knitted underwear sector. The Zheng Min Thai Fund is expected to play a vital role in furthering the growth and innovation of China's knitting industry. As the initiator and organizer of the fund, the China Knitting Industry Association will oversee its implementation. Yang Shibin, President of the association, explained that the fund will be directed toward areas such as design innovation, technological development, equipment research, process optimization, standardization, and market trends—emphasizing the integration of science and technology in the industry. The primary objective of the fund is to elevate the research and development capabilities of China's knitted underwear sector, drive the overall development of the industry, and create a platform for building a world-class Chinese underwear business. This initiative represents a bold step towards a more innovative and competitive future for China's textile industry.

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