Tongdao Liepin Group announced two short-term wealth-management subscriptions with Xiamen International Bank (XIB) on 30 June 2026, deploying a combined RMB130.00 million of surplus cash into principal-guaranteed structured deposits linked to the EUR/USD exchange rate.
Transaction structure • Subscription 1: RMB20.00 million via 60.27%-owned Beijing Saiyou Education Technology Co., Ltd. • Subscription 2: RMB110.00 million via wholly owned TD Elite (Tianjin) Information Technology Co., Ltd.
Key terms (both products) • Tenor: 29 days, running from 1 July to 30 July 2026 • Return profile: principal-protected with tiered annualised yields. – Subscription 1: 1.10% / 2.00% / 2.30% – Subscription 2: 1.10% / 2.05% / 2.35% • Risk rating: low (internal assessment by XIB) • Early exit: no redemption or termination right for the Group.
Regulatory perspective The combined deal size triggers a highest applicable percentage ratio above 5% but below 25% under Chapter 14 of the Hong Kong Listing Rules, classifying the subscriptions as discloseable transactions. Consequently, Tongdao Liepin is required to notify the market and publish this announcement, while shareholder approval is not required.
Strategic rationale Management aims to enhance returns on temporary idle funds without compromising capital security or near-term liquidity. After comparing market quotations, the Board determined that the XIB products offered relatively attractive, low-risk yields aligned with the Group’s cash-management policy.
Background on counterparties XIB is a licensed PRC commercial bank headquartered in Xiamen. Its largest shareholder, Fujian Futou Investment Limited Liability Company, holds 11.82% and is ultimately controlled by the State-owned Assets Supervision and Administration Commission of Fujian Province. Tongdao Liepin confirmed that XIB and its ultimate beneficial owners are independent third parties.
Tongdao Liepin continues to operate a leading online talent-services platform in China, targeting mid- to high-end individual and enterprise users, while its subsidiary Beijing Saiyou provides online professional certification training and TD Elite focuses on talent services.