AID XINYANG is an initiative by Tan Teng Boo, partnered with Capital Dynamics, GoCare, and CRSM, to assist the front line medical staff of Xinyang that are fighting the COVID-19 virus outbreak.
Instead of merely being fearful of the COVID-19 virus, Tan Teng Boo decided that we should lend a helping hand to the people in China. Upon speaking with the vice mayor of Xinyang, he found out that Xinyang is not receiving sufficient resources as the Chinese government have been devoting most of its resources to aid Wuhan and Hubei. Therefore, he initiated this project named “Aid Xinyang”.
In the fight against the COVID-19, the biggest challenge is the shortage of medical supplies/consumables globally. Tan Teng Boo would like to unite efforts to provide help and support to the hospitals in Xinyang, with the aim of saving more lives and preventing medical staff being infected.
Tan Teng Boo is the Managing Director of Capital Dynamics. Regulated by the Monetary Authority of Singapore, Hong Kong Securities and Futures Commission, Australia Securities and Investments Commission and Securities Commission of Malaysia, Capital Dynamics is Asia’s first global investment management and advisory firm. He is licensed in his individual capacity as fund manager in Malaysia, Hong Kong and Australia. For more information about Mr Tan and Capital Dynamics, please visit www.capitaldynamics.biz
Goals
a. Use the funds raised to purchase medical supplies (N95 masks, medical goggles, protective suits) for the frontline medical staff and send them to designated hospitals in Xinyang and/or Xinyang City Red Cross Organization (信阳市红十字会) and Xinyang City Central Charity Organization (信阳市慈善总会)
b. Raise funds from the public to be channeled to either one of the 2 official organizations in Xinyang City: Xinyang City Red Cross Organization (信阳市红十字会) and Xinyang City Central Charity Organization (信阳市慈善总会)
How We Utilize Your Donations
Items
|
Specifications / Brands
|
Quantity
|
Estimated Price/Pc
|
Expected Price
|
N95 Masks
|
GB19083
3M1860
3M9132
3M1870+
3M1860S
or equivalent
|
10,000
|
RM 15.00 – 30.00
|
RM150,000 -300,000
|
Protective Suits
|
GB19082-2009
EN14126
EN14605 (type 3 or 4)
ISO13982 – 1&2 (type 5)
or equivalent
|
1,000
|
RM 50.00
|
RM 50,000
|
Medical Goggles
|
3M 1623AF
3M 1621AF
GB14866-2006
or equivalent
|
500
|
RM 26.00
|
RM 13,000
|
|
|
|
|
|
Total
|
|
|
|
RM213,000 – 363,000
|
*Due to global shortage of the relevant medical supplies needed for COVID-19, the said supplies are often limited and may be sold at prices much higher than usual.
*This table is prepared for illustration purposes only. The quantity and price are subject to change as the situation in Xinyang and the supply of the abovementioned items is fluid. Shipping charges vary as we source the supplies from various countries.
Where My Donations Will Go
“No act of kindness, no matter how small, is ever wasted.” – Aesop
Your contribution, small or large, can make a great impact in the lives of the people in need. Your donations will be received by GoCare. In turn, GoCare will reimburse Tan Teng Boo the cost of buying the medical supplies as well as courier charges, while the excess funds will be donated to Xinyang Red Cross and/or Xinyang City Central Charity.
We will be updating on where your donations go on www.aidxinyang.com
How You Can Donate
You have 3 options depending on the donation amount:
[1]. For donations less than RM1,000, you can donate online through gocare.org.my
[2]. For donations equal to or exceeding RM1,000, please make a transfer to GoCare’s bank account. Details as below:
Account number: 1418 500 100 42290
Account holder: Crisis Relief Squad of MCA (CRSM) GoCare
Bank: Alliance Bank
* Please indicate “Aid Xinyang donation” in the recipient’s reference when making the transfer or cheque bank in. Please send a copy of the bank-in receipt or bank transfer confirmation to cdsb@icapital.biz so we can track your donations.
[3]. Write a cheque payable to “Crisis Relief Squad of MCA (CRSM) – Go Care” and send your cheque to offices of either Tan Teng Boo/Capital Dynamics
Attention: Tan Teng Boo
Capital Dynamics
16th Floor, Plaza First Nationwide, 161 Jalan Tun HS Lee, Kuala Lumpur, 50000 Malaysia
03-20702104 or 2105 or 6016 370 6710
Q&A
-
How can I be assured that my donation will be put to good use?
Mr Tan has the full discretion as to how the donations will be utilized in line with the goals of the Aid Xinyang campaign. However, he is required to provide supporting documents regarding the utilization of the funds.
-
What are the payment charges?
For donations made through GoCare, GoCare will absorb all processing fees charged by the payment gateway. Thus, donors do not bear any payment charges.
-
Can I donate Personal Protective Equipment (PPE) such as masks, medical goggles, hand sanitizer, etc. instead of giving monetary support?
Yes, we are actively seeking for medical supplies. For more information, please refer to our website at http://aidxinyang.com/
-
Can I make a cash donation?
Yes, you can donate in cash. However, you must proceed to GoCare headquarters to make a cash donation. Location details as below:
Tingkat 12, Wisma MCA
No.163, Jalan Ampang,
50450 Kuala Lumpur
Malaysia
-
I wish to donate more than RM1,000. Can I go through GoCare?
You are highly encouraged to directly transfer to GoCare’s bank account. As GoCare absorbs all processing charges, the 2.5%-3% fees resulting from your large donation will be expensive for them to cover.
-
What if the total funds raised exceed the target amount?
Funds collected in excess of the targeted amount will be donated to Xinyang Red Cross and Xinyang City Central Charity Organisation.
-
Is my donation tax-exempted?
Unfortunately, your donation is not tax-exempted as the beneficiaries (Xinyang Red Cross and Xinyang City Central Charity Organization) do not have the tax-exemption status in Malaysia.
Contact Us
Capital Dynamics Sdn Bhd
Tel: 603-2070 2104 or 2105 or mobile/WhatsApp 6016 370 6710
Address: 16th Floor, Plaza First Nationwide,
161, Jalan Tun H S Lee, City Centre,
50000 Kuala Lumpur
Malaysia
Person in charge : Ms Hui Xin, Ms Kuan Yu or Ms Jo Yen
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