Chairman Chen Zhi Donates US$3M to Fight Covid-19, Leading the Way for Anti-Pandemic Initiatives Across Prince Group in Cambodia

Prince Real Estate provides daily essentials to 804 underprivileged families of Chamkarmon District affected by February 20 community outbreak

Phnom
Penh, Cambodia – Media
OutReach – 18 March 2021 – Prince
Holding Group (“Prince Group”), one of Cambodia’s largest and fastest growing
conglomerates, and Chairman Neak Oknha Chen Zhi have
answered the call for assistance from the Cambodian Government to combat the
February 20, 2021 Covid-19 outbreak by announcing plans to donate US$3 million
to anti-pandemic efforts in the Kingdom. This is on the back of an initial US$3
million donated by Chen Zhi last December to help Cambodia
purchase COVID-19 vaccines.

Furthermore,
following in the footsteps of Prince Group and Chen Zhi, Prince Real Estate, a
member of Prince Group, has distributed vital food supplies to 804 families in
need and 234 members of the police force in Chamkarmon District, Phnom Penh,
Cambodia affected by the February 20, 2021 Covid-19 outbreak.

While
the Cambodian government has offered unprecedented support — accounting for 5%
of GDP so far — totalling $1.16 billion^[1], Prince
Group is aware that private enterprises need to play a crucial role in the
post-pandemic recovery as well.

The
latest donation forms part of a holistic environment, social and governance
(ESG) strategy for member companies outlined by Prince Group. As a key part of
this strategy, Chen
Zhi‘s
donation of US$3 million will assist the Cambodian Government to reach its
target of vaccinating at least 80% of the population or nearly 13 million
people, affirming the Group’s commitment to social responsibilities in Cambodia. In addition,
Prince Real Estate has donated a total of 16,080 kilograms of rice, 804 boxes
of noodles, 804 cartons of fish sauce and 804 cartons of soy sauce to
households, along with 500 cartons of purified water and 200 cartons of soft
drinks for 234 police officers who have been working tirelessly across 33
locations in Chamkarmon District, an area that has been badly hit by an
outbreak of Covid-19 infections near the headquarters of Prince Group.

“As a
Group striving to improve the lives of local communities in Cambodia, it is our
civic duty to partner with District Governor Theng So Thol and the Chamkarmon
District Government. The community outbreak has affected the lives of many
people in the district, and we believe that prompt and decisive action will
make a key difference in ensuring a robust recovery for communities,” said Mr.
Steven Wang, Chief Executive Officer of Prince Real Estate.

This
initiative is just one of many that Prince Group has organized in an effective
and fast-tracked manner in the last two years.

Last
month, Prince
Charitable Foundation, the charitable arm of Prince Group, distributed care
packages to 500 families living at Ong village in Prey Nob district, Cambodia
situated near the site of the Ream
City
project, a US$16 billion, 843-hectare project being developed on reclaimed land
near the Sihanoukville International Airport. The Ream City project is set to
transform the region, but Prince Group remains mindful of the local
communities, with consultations held with local leaders to understand their
communities’ future
needs.

Prince
Group will continue to support Cambodians, delivering essential materials to
people in need, carrying out key community initiatives and working with
socially responsible partners across the Kingdom, with a view towards
empowering local communities.