In 2012, Baosteel conducted its donation management in strict compliance with the Administrative Rules for Donations and Sponsorships of Baosteel Group Corporation (Second Edition). Donations to external parties during the year totaled RMB 64.398 million. The Corporation also won China Charity Award, the top government award in Chinese philanthropy, for the fourth consecutive year.

Shanghai

 “New Year’s Goody Bags” to Disadvantaged Elderly

Baosteel has the social issue of aging population on its mind and has continued to work with Shanghai Senior Citizens Foundation in 2012, after cooperating with the Foundation for four consecutive years from 2008 to 2011 and supporting projects such as the “Ten Thousand Shanghai Elderly at Expo” and “Age-friendly Housing Project for Disadvantaged Shanghai Elderly”, to issue New Year's Goody Bags to the underprivileged elderly in Shanghai so that they could enjoy a pleasant Chinese New Year. Over 1,400 elderly benefited from this project. Ge Qingzhen living in Yuepu Town said emotionally to the reporter during the interview, “Baosteel has always taken good care of us old fellows and organized activities every year. When we were in poor health, Baosteel also sent us sympathy gifts. Baosteel has our sincere gratitude!”

New Countryside Project

On February 23rd, 2012, Baosteel Development launched the second round of Baoshan District New Countryside Development Pair-up Aid Project to provide such aid to Huahong Village and Haixing Village of Luojing Town and Lianhe Village of Luodian Town over a three-year period. Key project items include reconstruction and expansion of village factories into public service centers and construction of closed-off village management facilities.

Walk for An Egg

In 2012, Baosteel cooperated with NGO Shanghai United Foundation and organized Baosteel employees to participate in the “Walk for An Egg” campaign and raise egg donations from their close friends through the innovative Family-and-Friends (FAF) model by taking on a bet whether they could walk a crazy 50km and therefore to enable students in poverty-stricken regions such as Yunnan Province to have one egg per day. The campaign received overwhelming responses from Baosteel employees, with 14 teams participating in and nearly one thousand donated in support of the event. A total donation of RMB 163,000 was raised, which could be used to purchase 204,000 eggs and provide eggs for 2,272 children in the poverty-stricken region for one semester.

Shanghai Charity Partnership Day

After supporting the first Shanghai Charity Partnership Day, Baosteel participated in the second Shanghai Charity Partnership Day in December 2012 and received the Charity Partnership Memorial Award. On the closing ceremony of the event, Baosteel successfully signed a cooperation agreement with Shanghai Senior Citizens Foundation to extend cooperation between the parties to the fifth year in a row.

Guangdong

Shaoguan Iron & Steel Co., Ltd. has, in pursuance of the poverty aid and development work plans of Guangdong Provincial CPC Committee and the Provincial Government, paired up with Zhengzi Village of Huilong Town, Xinfeng County to provide poverty aid. Over three years, Shaoguan Iron & Steel Co., Ltd. has invested RMB 1.5 million to support the development of the village. Main projects included construction of the village’s demonstration farming base which would generate collective income for the village,  renovation of village committee office and founded village-level culture activity venues, renovation of water channels and improvement on water conservancy facilities, repairing and construction of environmental and hygiene facilities to improve the village appearance and reconstruction of dilapidated buildings. In these three years, the net income per capita of poverty-stricken households in Zhengzi Village increased by 368% from RMB 1,430 to RMB 6,569. The all poverty-stricken households with labor capacity have achieved the net income per capita target of RMB 2,500 and above and the poverty elimination mission assigned by the Provincial CPC Committee and the Provincial Government has been fully accomplished.

In addition, Baosteel has continued to actively participate in the “Guangdong Poverty Aid Day” campaign and so far made a cumulative donation of RMB 8 million.

Xinjiang

Kalasu Township of NilKa County, Ili Kazakh Autonomous Prefecture, and Xinjiang Uyghur Autonomous Region is a key poverty-alleviation township of the Autonomous Region relying mainly on stock farming supported by agriculture as well. The township has a total of 2,586 households and a population of 13,825, including 964 poverty-stricken households which represent 28% of the total population. Bayi Iron & Steel has paired up with this township since 1998 to provide poverty aid with an annual input of RMB 1 million to improve infrastructure, support the poverty-stricken agricultural and pastoral population and help implement the seismic resistant safe housing project by leveraging the technological strengths of the company. After years of poverty aid and development, Kalasu Township has gone through drastic changes and the living standards of the agricultural and pastoral population has been constantly improving.

Jiangsu

The Meishan Sub-district Xinmei Civic Plaza Lighting Project donated and constructed by Baosteel Chemical Meishan Branch has been completed and unanimously acclaimed by the local parties and the general residents. The addition of the large electronic screen cost RMB 300,000 and the plaza lighting cost RMB 800,000.

Ever since the lighting up of the Meishan Sub-district Xinmei Civic Plaza, the formerly empty and dark Xinmei Plaza has become an ocean of lights. The district, sub-district and community have launched a series of events to serve their residents on the well-lit plaza. The sub-district has engaged in a series of publicity activities, including publicizing policies, delivering holiday greetings and offering life tips, for the residents using the electronic screen. The dancing team (with around 400 members) self-organized by the local residents has fully occupied the central area of Xinmei Civic Plaza. Sports-enthusiastic families are also playing badminton in the surrounding areas along with residents, old and young alike, participating in all kinds of leisure activities. While enjoying their time, the residents also showered words of praise on this civil well-being project from Baosteel Chemical Meishan Branch.

Australia

Paraburdoo Primary School, located in the remote region in west Australia, had very limited fund for second language education. In order to provide its students with better chance to receive education (especially in second language), Baosteel will spend five years and a total investment of over RMB 1 million to help the school launch its Chinese education program.

Baosteel Education Foundation

Baosteel Scholarship was set up with RMB 2 million in 1990 and increased to RMB 100 million in 2005. The scholarship has five awards, namely Baosteel Outstanding Student Award, Baosteel Outstanding Student Special Award, Baosteel Outstanding Teacher Award, Honorable Mention for Baosteel Outstanding Teacher Special Award and Baosteel Outstanding Teacher Special Award. In 2010, Baosteel set up another scholarship for students from Hong Kong, Macau and Taiwan that covered 12 universities and colleges, to encourage more students from Hong Kong, Macau and Taiwan to pursue higher education in mainland China.

As of 2012, altogether 18,817 teachers and students from over 100 universities and colleges had received Baosteel Education Awards. Among them, one teacher received Baosteel Outstanding Teacher Grand Award, 209 teachers received Baosteel Outstanding Teacher Special Award, 36 teachers received Honorable Mention for Baosteel Outstanding Teacher Special Award, 4,013 teachers received Baosteel Outstanding Teacher Award, 311 students received Baosteel Outstanding Student Special Award and 13,666 students received Baosteel Outstanding Student Award, including 304 from Taiwan and 277 from Hong Kong and Macau. Over the past twenty-three years, over RMB 160 Million of Baosteel Education Fund has been contributed to educational awards and funding.

Since its inception, Baosteel Education Fund, adhering to the tenet of "rewarding the outstanding talents, making all efforts to practice of respecting teachers and attaching importance to education, boosting the cooperation between production and learning and supporting the development of education”, has standardized its operation and built its sound image across education walk and society. The fund is recognized as one of the national awards boasting broad coverage, abundant prize amount, high degree of honor and respect from teachers and students in the high institutions across the country. For the past 23 years, quite a number of the outstanding teachers and students who received the fund have been active in management and technical positions across the frontlines of government, economy and science and technology.

Poverty-alleviation Aids to Specific Areas

In 2012, Baosteel's aids to Tibet totaled RMB 19.1 million and the cumulative aid over the past 11 years totaled RMB 150 million. The aid funds have been used to fund the construction of local kindergartens, municipal facilities and roads, agricultural and pastoral supporting projects and low-rent housing supporting projects, the reconstruction and expansion of the primary and secondary schools and senior homes in towns, procurement of medical and health equipments for counties and townships. In 2012, Baosteel continue to provide an aid of RMB 9.15 million to four counties in Pu’er, Yunnan Province. The aid funds from 2008 to 2012 totaled RMB 57.95 million and covered 166 aid projects in 29 townships and 171 villages.

The Antarctic

Baosteel continued to explore the boundaries of the Antarctic Pole with its expertise and wisdom. In October 2011, Baosteel Engineering & Technology Group Co., Ltd. and Polar Research Institute of China signed the EPC Contract for the “Kunlun” Station Project under the Chinese Antarctic Scientific Research Station Project and undertook the construction of basic structures such as the complex building phase II structure and experiment scaffolds in the ice core drilling area and emergency area as well as the construction of equipments including dual-fuel integrated boiler system, heat recovery system, oxygen generation system, power generator system and other integrated mechanical and electrical installations. The launch of this project indicated that Baosteel's support for China's Antarctic scientific researches had gone beyond simple provision of pre-painted poly polyester plates to a comprehensive range of products and services from iron and steel products to design, equipments and construction and installation leveraging Baosteel's integrated and professional engineering technology and service capabilities. The technical staffs of Baosteel, in light of actual environmental conditions such as an altitude of approximately 5,000m, an average annual temperature of -58.4℃ and a barometric pressure of 57,660 Pa, optimized the project design which passed the expert panel review by China Aerospace Architectural Design and Research Institute and other concerned entities in April 2012. The joint commissioning of the equipments was completed in October. On November 5th, a team of four Baosteel employees joined China’s 29th Antarctic Expedition and went to the Antarctic Pole on the Chinese icebreaking research vessel MV Xuelong. After over 160 days of continuous work at Kunlun Station, the construction was successfully completed.

Iron & Steel Research Foundation

On August 28th, 2000, Baosteel and the National Natural Science Foundation of China signed an agreement to officially set up the Iron & Steel Research Foundation in Beijing. The Foundation gives priority to new metallurgical technology in urgent need in the steel industry of China, and to the basic research projects of scientific significance and value of application with respect to processes, materials, energy, environment, equipment and information. The Foundation encourages innovation, inter-disciplinary research and industry-university-institute collaboration, and gives top priority to young scientific talents.

As at the end of 2012, Baosteel and the National Natural Science Foundation of China had contributed a total of RMB 110 million (50% from each party) to the Iron & Steel Research Foundation, which had been used to fund a total of 234 projects at over 50 Chinese institutions of higher education and research institutes and the training of nearly 350 doctorate, 600 masters and 40 post-doctorates. The achievements of some of these projects funded by the Foundation had received National Awards for Scientific and Technological Progress. The Iron & Steel Research Foundation has become an important platform for fundamental researches in China’s iron and steel industry and a bridge between the basic and applied research in the field.