China Feihe deploys RMB300.00 million in SPD Bank’s “Shangxin Ruby” wealth products

Bulletin Express06-05

China Feihe Limited announced that its wholly owned subsidiary Heilongjiang Feihe Dairy subscribed on 5 June 2026 to two non-principal-guaranteed “Shangxin Ruby” fixed-income wealth management products offered by Shanghai Pudong Development Bank (SPD Bank), investing a total of RMB300.00 million of idle cash.

The two tranches—RMB200.00 million in Shangxin Ruby H-6001 Phase 338 and RMB100.00 million in Shangxin Ruby T+N Phase 130—each carry an expected annual return of 2.40% and mature on 9 March 2027.

Following the latest purchase, China Feihe’s outstanding principal in SPD Bank wealth and structured deposit products stands at RMB2.60 billion.

Management states the deployment aims to enhance returns on surplus funds while safeguarding liquidity required for operations and dividends. The terms were reached on normal commercial conditions, and SPD Bank remains an independent third party. Under Hong Kong Listing Rule 14.22, the aggregated subscriptions with SPD Bank exceed the 5% but remain below the 25% asset ratio threshold, classifying the transaction as discloseable and requiring announcement but no shareholder vote.

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