Genesis Technology Group announced that its subsidiary Genesis Equity Partners, LLC is establishing a college scholarship fund that will provide four-year scholarships to qualified female high school students to attend colleges and universities in China.
Dr. Shaohua Tan, Genesis Director and a tenured professor at Peking University, stated: "This is a simple and straightforward program: the GEP College Scholarship Fund will create a committee in China to award 4-year scholarships to qualified female high school students to attend colleges and universities throughout the country."
GEP shall donate a percentage of equity from each Chinese partner company that becomes a U.S. public company. This stock will be separate from the stock earned by Genesis Technology Group (GTEC) in completing the program, thus not impacting the benefit attributed to Genesis shareholders. Concurrently, Genesis management may seek matching funds from interested institutions in other Western countries.
"Women have been at a decided disadvantage — educationally, professionally, and socially — in China for generations, and the opportunity to attend college is often unobtainable. According to the Chinese government, in its 2000 census, the average number of years of education of Chinese women totaled only 7.5 years. In its own small way, Genesis will enable a number of such women to change the future of their lives and often of their entire families," said Dr. Tan.
