Co-initiated by Beingmate and China Friendship Foundation for Peace and Development (CFFPD), the Beingmate Growth Fund Establishment Ceremony was held in the morning of March 2. 2016 in Hang Zhou, Zhejiang Province. Both sides agreed on a donation cooperation of 10 years in the future and the first donation amounted to 64 million Yuan. President Li Xiaolin of Chinese People’s Association for Friendship with Foreign Countries(CPAFFC) , founder of Beingmate and children philanthropist Xie Hong, executive vice president Zhang Jian of Chinese Football Association(CFA) , general secretary Li Xikui of CPAFFC , general secretary Jia Ling of CFFPD , former sole-duty vice president of CFA and expert consultant of CFFPD Yan Shiduo, former player of Chinese national football team Hao Haidong and Sun Wen, former player of Chinese women football team, attended the ceremony.

In the address on the establishment ceremony, president Li Xiaolin of CPAFFC hoped that the Beingmate Growth Fund can contribute to friends-making as well as teenager-education through Football matches, meanwhile also intensifying friendly communication among international teenagers, strengthening backup force for football course, promoting the integration process of school football to professional football, drawing attention to as well as improving the nutrition and health level of women and children. The Fund has hired Yan Shiduo, vice president of the CFA as chief expert consultant and Hao Haidong, Sun Wen as image ambassadors.