Fortunately for the Chinese Chess Association, in 1993, it received an endowment fund from Singapore businessman S T Lee who donated about US$1.5 million. 10% of this donation was for the establishment of the chess library at China QiYuan. The remaining 90% were deposited in a fixed account from which the Chinese Chess Association drew interest mainly for its administrative operations and to send players for overseas competitions. In 1997, the Chinese Chess Association founded a computer company to fund its other activities on an annual basis.