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Tuesday, November 1, 2016, 01:07

Shaw Foundation awards $3.4m to Olympic winners

By chinadailyasia.com

HONG KONG - The Shaw Foundation awarded 23 million yuan ($3.4 million) to China's Olympic gold medalists on Monday in Beijing.

This is the first time the foundation, established by Hong Kong's late entertainment mogul and philanthropist Run Run Shaw, has bestowed awards on Olympians.

General Administration of Sport chief Liu Peng extended his gratitude to the foundation. Twenty-two out of 46 gold medalists attended the presentation ceremony.

Presenting the awards, Run Run Shaw's widow Mona Shaw Fong Yat-wah said she was moved by the athletes' efforts and hoped the money award could support the gold medalists and their families. She also called on society to pay respect to the athletes' spirit.

Altogether the Chinese national delegation won 26 gold, 18 silver and 26 bronze medals in the 2016 Rio Olympic Games.

Shaw was one of the founding members of Television Broadcasts, which launched in Hong Kong in 1967. He set up two charities, the Sir Run Run Shaw Charitable Trust and the Shaw Foundation Hong Kong, both dedicated to the promotion of education, scientific and technological research, medical and welfare services, and culture and the arts.

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