The secondary school in Wenzhou city of China held an awarding ceremony for new students. In order for a ceremony to take place, the school principal sold his personal belongings.

The principal awarded 8 million yuan to students who successfully passed their entrance exams. In this way, the school wanted to attract as many talented children as possible, writes the Daily Mail. A total of 239 students received awards. Students with merits together received 8 million yuan. The amount of prize depended on the grades they received during the exams.