Recently, President of Ningbo Tongxin Communication Equipment Co., Ltd. Li Guoping donated 500,000 yuan and set up Tongxin Scholarship to support the education of poor students in Ninghai. At the foundation ceremony, Li Guoping said he would like to do his bit to help more poor students with good academic records to complete their studies. It is said that from the academic year of 2007, 100, 000 yuan will be withdraw from the principal of 500,000 yuan each year, to reward students living under poverty and studying in primary and middle schools who are excellent in moral and intellectual qualities, studying hard and behaving well, and who have special talents.