China Feihe invests RMB200m in Shangxin products

China Feihe Limited (HKEX:6186) announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed for RMB200 million in financial products offered by SPD Bank. The investment, labeled the "Subscription of Shangxin Products," aims to utilize idle funds to enhance the company's capital gains. The products, maturing on December 23, 2025, offer an expected annual return rate of 2.85%. The investments include Shangxin Ruby H-6002 (RMB100 million), Shangxin Ruby H-6001 (RMB50 million), and Shangxin Xinyue Fengli FL2001 (RMB50 million), all categorized as non-principal guaranteed with floating return, and are fixed income assets. As of the announcement date, the aggregate outstanding principal amount of wealth management and structured deposit financial products subscribed from SPD Bank by the Group stands at RMB2,000,000,000. The board considers the investment terms fair and reasonable, aligning with the company's objectives of ensuring capital safety and liquidity.