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Avon Earmarks Additional Funds for Chinas Reconstruction

July 14, 2008

CHINA: Avon Products, Inc. has committed an additional $5 million for long-term reconstruction efforts in the aftermath of the earthquake in Sichuan Province in China. The company said that the money will be donated through a specially established China Earthquake Reconstruction Fund within the Avon Foundation.

In addition, the company said that it plans to mobilize its 600,000 sales promoters and a large network of beauty boutique owners in China to raise more funds in local communities through sales of a specially developed fundraising product, with net profits going to the reconstruction.

This latest contribution follows Avon’s earlier donations of $500,000 to the China Red Cross, $98,000 in personal donations from Avon sales promoters; $86,000 of supplies and provisions and $68,000 in personal donations from Avon China Associates to the China Red Cross Foundation and the Guangdong Charity Foundation.
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