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As part of its historic staging of the first Formula One night race next month, Singapore’s President, His Excellency, S R Nathan, is to stage a special charity event at his official residence on the Friday prior to the Grand Prix.

The President’s Challenge F1 Charity Luncheon will take place on September 26 on the lawns of the Istana, which occupies over 100 acres and is located along Singapore’s busy Orchard Road.

Sanctioned by Formula One Management as the only official event of the inaugural Singapore Grand Prix, its distinguished guests are set to include past and present Formula One world champions, current drivers and team principals, and a host of international celebrities.

“Hospitality events during our Grand Prix would come no grander than this President’s Challenge charity luncheon, where the racing teams will put their rivalries aside and come together for a good cause,” said Mr Teo Hock Seng, chairman of Singapore GP Pte Ltd. “The atmosphere at the Istana is bound to be one of high anticipation and excitement, especially since it’s on the eve of the Grand Prix weekend.’’

Apart from the opportunity of meeting the drivers face to face, guests will also be able to take part in a silent auction of two limited edition Chopard watches - a men’s ‘Tourbillion’ worth $250,000 and a ladies’ ‘Happy Sport’ worth $30,000 - and other Formula One memorabilia.

Organisers hope to raise over $1 million for President Nathan’s ongoing charity programme, the President’s Challenge, to which all proceeds will be donated.