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3 May 2008

Octopus Kids' Nurturing Programme
Helps Children Break the Mould

(Hong Kong, 3 May 2008) School children from low-income families have not benefited from the improving economy and low unemployment rate. Figures show that the number of low-income families has increased despite the economic boom. To help overcome cross-generation deficiency, Octopus Cards Limited has joined hands with St. James' Settlement for the second time in rolling out the Octopus Kids' Nurturing Programme. The programme enables underprivileged school children to participate in extra-curricular activities with a view to ensuring their all-round development.

Last year's inaugural programme saw encouraging results with 70% of the participating school children agreeing that the programme had helped them develop their potential and boost their confidence. 70% percent of the parents also agreed that the programme had provided practical help to their kids.

Prudence Chan, Chief Executive Officer of Octopus Cards Limited, said, "Octopus is glad to contribute to the local community and play a part in easing cross-generation deficiency. Octopus and our volunteers are encouraged by last year's response. We are particularly pleased that the Government has extended its support for this year's programme by granting a matching sum from the Partnership Fund for the Disadvantaged. We truly believe that, with adequate support, each kid, like a tiny seed, can grow to become strong and contribute to the future of Hong Kong."

To cope with rising demand, Octopus has increased its funding to the programme, doubling the number of beneficiaries from last year's 100 kids to this year's 200. The programme has also expanded its reach from Tin Shui Wai and Yuen Long to Tuen Mun, Sham Shui Po, Sheung Shui, Tin Shui Wai, Chai Wan and Northern New Territories. The extracurricular activities that the kids can choose from include rope skipping, Chinese kung-fu, Chinese musical instruments, acrobatics, African drums, English drama and Chinese painting.

"Currently, 260,000 children are living under the poverty line in Hong Kong," said Michael Lai, Chief Executive Officer of St. James' Settlement. "Our existing social security system has not been giving them sufficient help. The improving economy also brings soaring prices and these deprived families find it increasingly difficult to make ends meet, not to mention sparing money for their kids' extra-curricular activities. We thank Octopus for answering our call for corporate support to combat cross- generation deficiency. With the Octopus Kids' Nurturing Programme as a role model, we are hoping to enlist more support from corporations to help the impoverished families."

One of the participating teachers said, "Our students come from low-income families and thus have fewer opportunities to take part in extra-curricular activities. The subsidy each student gets today from charity organisations is simply not enough to cover the course fee. It's not uncommon for students with potential talent to have to drop out due to the lack of funding."

Octopus Kids' Nurturing Programme is part of St. James' Settlement's "Grant-in-Aid Brightens Children's Lives Charity Project". The project aims to provide study resources for underprivileged children. In the past few months alone, 10 more schools and organisations have registered with the project, bringing the total number of subsidised school children to 6,500. The subsidies cover stationery, books, lunches and interest groups, reflecting that the most immediate needs of underprivileged school children are not being met despite the better economy.

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