Sundy Service Subsidiary Places RMB12.00 Million in Hangzhou Bank Principal-Guaranteed Structured Deposit

Bulletin Express

05/20

Sundy Service Group Co. Ltd. (Sundy Service) disclosed that its wholly owned subsidiary, Hangzhou Sundy Property Management Co., Ltd., signed a structured deposit agreement with Bank of Hangzhou on 20 May 2026.

The subsidiary will allocate RMB12.00 million of internal idle funds into Bank of Hangzhou’s “Tianlibao” structured deposit. The product is principal-guaranteed, carries a floating annualised interest range of 0.45%–2.15%, and is linked to the EUR/USD spot exchange rate. Funds are valued from 22 May 2026 to 31 October 2026, with early redemption permitted on the last calendar day of each month. Bank-assigned risk rating is R1 (Low Risk).

Under Hong Kong Listing Rules, the transaction’s percentage ratios exceed 5% but remain below 25%, classifying the deal as a discloseable transaction subject to reporting and announcement requirements.

The board cited higher potential returns versus standard PRC bank deposits and the short-term nature of the product as reasons for utilising idle funds without impairing liquidity.

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Ltd. (Sundy Service) disclosed that its wholly owned subsidiary, Hangzhou Sundy Property Management Co., Ltd., signed a structured deposit agreement with Bank of Hangzhou on 20 May 2026.</p>\n<p>The subsidiary will allocate RMB12.00 million of internal idle funds into Bank of Hangzhou’s “Tianlibao” structured deposit. The product is principal-guaranteed, carries a floating annualised interest range of 0.45%–2.15%, and is linked to the EUR/USD spot exchange rate. Funds are valued from 22 May 2026 to 31 October 2026, with early redemption permitted on the last calendar day of each month. Bank-assigned risk rating is R1 (Low Risk).</p>\n<p>Under Hong Kong Listing Rules, the transaction’s percentage ratios exceed 5% but remain below 25%, classifying the deal as a discloseable transaction subject to reporting and announcement requirements.</p>\n<p>The board cited higher potential returns versus standard PRC bank deposits and the short-term nature of the product as reasons for utilising idle funds without impairing liquidity.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09608","symbol_name":"宋都服务","start_time":0,"source_url":"","article_id":"1176125438","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176125438","pubTimestamp":1779266616,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Sundy Service Group Co. 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