20 10 12 3. One Foundation was established in Shenzhen, and approved by Shenzhen Civil Affairs Bureau. Since then, One Foundation has the legal qualification to engage in public offering activities independently. The original registered capital of Shenzhen One Foundation is 50 million yuan, and the sponsors are Shanghai Jet Li One Foundation Public Welfare Foundation, Lao Niu Foundation, Tencent Public Welfare Foundation, Wantong Public Welfare Foundation and Vanke Public Welfare Foundation, each of which contributes 6,543,800 yuan. The Board of Directors of Shenzhen One Foundation is composed of 1 1 members (Jet Li, Zhou Qiren, Wang Shi, Liu Chuanzhi, Ma Yun, Ma, Niu Gensheng, Zhou, and He), and the supervisors are composed of 4 members (Liu Donghua, Song Lixin, Ma Hong and Sharla Cheung). Zhou Qiren is the chairman and legal representative of Shenzhen One Foundation, Wang Shi is the executive chairman, Ma Hong is the supervisor and Yang Peng is the secretary-general. As the founder of One Foundation, Jet Li will serve as a permanent director. Shenzhen One Foundation is an independent legal person, and it is also the continuation and development of the Red Cross One Foundation and the Shanghai One Foundation. It will be managed in strict accordance with national laws and regulations, with the Council as the decision-making body and the secretariat as the executive body. Shenzhen One Foundation held its first board meeting on 201111,which was officially launched.