Paul Hastings and Project Hope to Build the Paul Hastings Hope Elementary School in Jing'an County, China

April 30, 2007

Paul Hastings and Project Hope to Build the Paul Hastings Hope Elementary School in Jing'an County, China

Shanghai (April 30, 2007) -- Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced its partnership with Project Hope, the leading foundation working to eliminate educational disparity in the poorer parts of China, to build an elementary school in Longqiu village in Jing'an county, Jiangxi province in China. The school will serve 300 students from 5 villages in the county with modernized classroom facilities and will be named the Paul Hastings Hope Elementary School.

Paul Hastings will provide fiscal and physical support to the construction of the school. Volunteers from Paul Hastings' Shanghai office will assist in light construction work and donate furniture and office equipment to the school. Upon completion, Paul Hastings will continue to fund the education of the children enrolled. The construction of the school is expected to be completed before the end of this year. Paul Hastings' Shanghai Office Chair, Mitch Dudek, will be appointed as the honorary principal of the school.

Project Hope Shanghai's chairman, Mr Wu Renjie said, "We are delighted that Paul Hastings has committed their support to the construction of this elementary school. The completion of this school will not only benefit the students of the village where it is located but will also benefit 300 students who live in four villages nearby in the mountainous region of Jing'an county and by providing a new campus for these students and teachers who live far away."
Seth Zachary, Paul Hastings' Global Chairman commented, "We are pleased to have the opportunity to support Project Hope. We have a long history in the region and are committed to giving back to the communities in which we live and work as well as the education of children. The new Paul Hastings Hope Elementary School is further evidence of our long standing commitment to the region as a corporate citizen and we look forward to continuing the development and progress of the Paul Hastings Hope Elementary School during and after the school has been built."

About Project Hope: Project Hope is a non-governmental organisation sponsored by the Communist Youth League (CYL) Central Committee and the China Youth Development Foundation. The mission of the Project Hope is to eliminate educational disparity in the poorer parts of China through a number of different programs. The China Youth Development Foundation (CYDF), a non-governmental and non-profit organization, was founded in Beijing in March 1989. In the eighteen years since its founding, the CYDF has devoted itself to the well-being and development of Chinese youth, primarily with regards to education, science and technology, culture, physical education, health, and environmental protection. At the same time, the CYDF has played an integral and active role in the development of non-profit organizations in China by organizing and promoting international exchanges and cooperation.

The CYDF is best known for launching and managing its largest program to date, "Project Hope." Project Hope has sought to help school dropouts in poor remote regions return to school and complete at least an elementary education. By the end of 2006, Project Hope had raised over RMB 3.5 billion in donations, helped 2.9 million children from poverty-stricken rural families continue their schooling, built more than 13,000 Hope primary schools, presented Hope mini-library series to 13,000 village schools in remote areas, helped to train more than 35,000 teachers from Hope primary schools, and equipped more than 3,000 Hope primary schools with Sunchime film library series and other modern teaching equipment.

About Paul Hastings: Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,100 attorneys in 18 offices including three offices in China. The firm serves a diverse client base including many of the leading global financial institutions and Fortune 500 companies and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M&A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.