On March 29, the Guangzhou Sports Bureau and Evergrande Football Club jointly held a press conference in Guangzhou Sports Bureau to announce that Evergrande will invest 5 million yuan for the youth football undertakings in Guangzhou, which will be superintended by Guangzhou Football Association with Peng Weiguo as head coach, in order to provide outstanding personnel to Evergrande Football Club and to contribute to creating reserve forces for Guangzhou football.

At the press conference, head coach Peng Weiguo who has accepted the appointment said that in return for Guangzhou’s cultivation, he as a member of Evergrande Football hoped that he could continue to work hard in the new post for Guangzhou football and to develop more and more new high-quality players for Guangzhou football.

The development of Chinese football is not a matter of day and night. Cultivation of young players is the cornerstone for the development of our nation’s football undertakings, is of great significance to football’s future development, and is a guarantee for the long-term development of the football undertakings. The youth football elites brought up by the Evergrande youth team will become fresh blood of Evergrande Football Club and will be continuously sent to Evergrande Football Club’s front-line team. The reason for entrusting the young marshal Peng Weiguo with such an important mission is that Evergrande Football Club is well aware that youth team training is indispensible to the team’s long-term development.

The commitment made by Xu Jiayin, chairman of board of directors of Evergrande at the press conference on taking over Guangzhou football, which is “Evergrande will do its utmost to develop football”, is being fulfilled step by step. After inviting Lang Ping as coach of Evergrande Women Volleyball and inviting Li Zhangzhu who has made glorious achievements in football to Evergrande Football Club, Evergrande once again invests 5 million yuan to support Guangzhou youth football and appoints Peng Weiguo as head coach in order to foster outstanding players for Evergrande Football Club. With its consistent enthusiasm and commitment, Evergrande Real Estate Group is working hard to lay the best foundation for the development of Guangdong football, to contribute to Guangdong football’s returning to the highest peak.