TRAVEL EXPERT (01235.HK): Subscribes US$1.31m Wealth Product in Discloseable Transaction

NewTimeSpace News: On 7 October 2026, Travel Expert (Asia) Enterprises Limited (stock code: 01235) announced that, in order to utilise idle funds effectively, the Company, through its indirect wholly-owned subsidiary Dingkun Journey Limited, subscribed for a wealth product issued by JPMorgan Asset Management (Europe) S.à r.l. with a principal amount of US$1,308,585.03 (equivalent to approximately HK$10,206,963.234).

The product is the JPMorgan Liquidity Funds - USD Standard Money Market VNAV Fund (class: JPM USD Standard Money Market VNAV C (acc.)), a standard money market fund (variable net asset value) with a SICAV/UCITS legal structure, denominated in US dollars, with no fixed maturity and redeemable on any business day. As at 31 August 2026, the fund's weighted average maturity was 101 days, its weighted average life was 181 days, the 7-day current yield was 3.86%, and ongoing charges were 0.21%.

As at the date of the announcement, the outstanding principal of the prior subscriptions made by the Group with the same issuer was US$1,304,002.65 (equivalent to approximately HK$10,171,220.67). As the highest applicable percentage ratios for the subscription and for the subscription together with the outstanding principal of the prior subscriptions both exceed 5% but are below 25%, the prior subscriptions and the subscription in aggregate constitute a discloseable transaction of the Company under Chapter 14 of the Listing Rules, subject to the notification and announcement requirements but exempt from shareholders' approval. The subscription was funded by the Group's internal resources, and the directors consider the terms fair and reasonable, on normal or better commercial terms, and in the interests of the Company and its shareholders as a whole.

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