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Wuxi Suntech Responds To "Fraud Donation": Donations Are Delivered To Donors Within Legal Years.

2011/8/17 8:40:00 17

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Wuxi

Suntech

On the 16 day, the power company responded to the recent media questioning of the company's "fraud donation". It said that the procedures for donation to the Fifth China Youth creative contest were all in accordance with the law. The "solar company", which was known as the "Sun company", was the chief executive of the competition instead of the donor. The total solar energy PV module with a total price of 15 million yuan could be released and installed to the donated schools by the end of the year.

According to the briefing, the China Youth creative competition began in 2007 and was co sponsored by the China Educational Association, the China Copyright Association and the China Trademark Association.

Since July 2009, Wuxi Suntech has been implementing directional donations to the China Youth creative competition through the China Charity Federation for three consecutive years. It has applied solar cells and components products independently developed and produced by the company to support educational institutions in primary and secondary schools and vocational schools in all parts of China to promote environmental science popularization and science and technology innovation education.

Up to now, the donation scope has covered 300 schools in 21 provinces, municipalities and autonomous regions in nearly 40 cities.

According to past practice, after the end of the annual finals, the organizing committee will arrange the list of the donated objects according to the results of the participating schools and distribute them in batches through the execution units.

In 2009 and 2010, the last batch of material distribution was completed before December of that year, and the whole donation span lasted about half a year.

Suntech said that this year's donation process is also the case, Suntech company in from March 8th to 28th this year, one after another to the Chinese Copyright Association Education Committee commissioned by the Executive Committee of the Beijing innovation Zhongyi Education Technology Co., Ltd. to complete the pfer of 15 million yuan worth of donated goods and concentrated in a logistics warehouse in Wuxi.

In fact, the head of the company said, "Suntech has been here for a long time."

Fraudulent donation

"Before questioning, the donation has been completed. The China Charity Federation issued a $15 million receipt to Suntech on 15 April and checked the goods again in Wuxi before August 6th.

As for the material, there is still Wuxi because the sponsors do not have the conditions for taking over the goods.

As for the "Grandpa's donation to grandchildren" as questioned by the outside world, Gong Xuejin, director of operation of Suntech power China division, said:

innovate

Zhongyi company has 5.1% shares in the company, and the company is set up to ensure the proper installation and effective use of the donated solar products.

"Installing a power station for a donor requires a full-time professional team to complete the operation." innovation is only an executive body for the donation and installation of donated materials, rather than a competition organizer, not a profit making institution. The real beneficiary is the school. "

Gong Xuejin also said that the public questioned Suntech's tax fraud under the name of charity.

"Our quarterly income tax is paid in advance according to the quarterly accounting profits. When the settlement is paid in second years, we can check whether the fees are taxable according to the relevant voucher basis. That is to say, even if the donation invoice is used for tax deduction, it will have to wait until next April. At that time, the goods donated by Wuxi Suntech have already been put in place."

It is understood that the first batch of 74KW solar products donated by Wuxi Suntech has been sent to 13 schools in Xiangyang, Hubei, where the finals were held before July 24th. The school has also signed up, and the second batch of 42 sets of total 84KW materials were also issued before August 10th.

At present, the third and fourth batches of the total 49 products are also in the implementation stage, Wuxi Suntech.

Promise

The whole process will be completed by the end of this year.