11 June 2001
In the past few years, fund raising has become more and more difficult for The Community Chest. This year, the Chest has to dip into the reserves to meet the request from its member agencies for the first time in its 33 years' history. Following the "Cheung Kong Community Chest Donation Hotline" and the "Cheung Kong Emergency Relief Campaign for the Chest" held in the past two years, the Cheung Kong Group will sponsor another innovative event named "Caribbean Coast Commute for the Chest" to raise funds for the Chest. The organisers held a press conference today (11 June) to announce the details of the event. Mr Lawrence K K Yu, MBE, JP, Executive Committee Chairman of the Chest; Mr Justin Chiu, Executive Director of Cheung Kong (Holdings) Limited; and Mr Leon Lai, Member of the Campaign Committee of the Chest officiated at the event.
"Caribbean Coast Commute for the Chest" will be held on Friday, 13 July. The Cheung Kong Group will sponsor each corporate team HK$88,000 to participate in this charity event. Racing from 5 starting points - Tung Chung, Tsuen Wan, Shatin, Kowloon Bay and Chai Wan respectively by designated modes of transport namely via railway, buses and private mini-buses, they need to reach the Central Post Office in as short a time as possible to raise funds for The Community Chest. Highlights of this competition will be covered live by Metro Broadcast on the event day.
The Cheung Kong Group will also launch a quiz with TVB, and Oriental Daily News & The Sun to encourage public participation. Winners of this game will be awarded with handsome prizes. In addition, the Cheung Kong Group will match the number of entries of this quiz and donate HK$20 each to the Chest.
'The Cheung Kong Group has worked closely with the Chest on many occasions. In view of the hardships encountered by the Chest in the past few years, the Cheung Kong Group has actively encouraged all subsidiaries to come up with various charity events. Through these activities, we aim to enhance public awareness of the needs of the Chest and open up more channels to raise funds for the needy. "Caribbean Coast Commute for the Chest" is one of our latest charity drives,' said Mr Justin Chiu, Executive Director of Cheung Kong (Holdings) Limited.
Mr Lawrence K K Yu, MBE, JP, Executive Committee Chairman of the Chest expressed his sincere gratitude to the sole sponsor of this event, the Cheung Kong Group. '"Caribbean Coast Commute for the Chest" is a unique initiative. We hope a good number of corporations will participate in this activity and donate to a worthy cause.'
With the support of the Cheung Kong Group, the Chest was able to allocate every dollar raised from this event to over 140 social welfare agencies to provide comprehensive services to over 800,000 needy without deduction of any campaign expenses. Interested corporations are welcome to call 2122 2384 for more information and enrollment in this charity campaign.

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