Xiao Bingyus Funding Explanation LetterDear Sir or Madam:As Xiao Bingyus parents, Xiao Xiaoping and Yang Liuying, we are willing to provide our savings about RMB 460,000 to support her study in Canada. Now we would like to describe our family economic conditions and deposit details to you:Yang Liuying, mother of the applicant. I have been working in Guangdong Dongguan Shenxing Wooden Processing Factory since 2003. From then to now, I played a very important role in production management and business development with high salaries and bonuses. In nearly nine years, my whole year income is always around RMB 100,000 (please see the attached certificate of employment and income), the individual income tax cut off from my income is paid by company. Besides, the current interests of fixed deposits under my name like 7-day cyclic notice deposit can get a good interest income as well (please see the attached bank history transaction certificate).My husband Xiao Xiaoping, father of the applicant. He has been working in Jiangxi province Fuzhou city Nanfeng county forest bureau as senior staff member, the whole year income is around RMB20, 000 to RMB30,000 (please see the attached certificate of employment and income). In addition, he still has a house property in his hometown (please see the attached house property certificate).Through ten years of accumulation, our whole property total amount is around RMB 1,000,000 Yuan.In the second half of the year 2011, we decided to send our daughter Xiao Bingyu to go to Canada to pursue her Master degree. From then on, we started early work of school application. In April 2011, we shifted RMB 200,000 in Agriculture bank of Chinas current account to her Bank of Chinas fixed deposit, adding with the previous savings about RMB 260,000, so we will afford RMB 460,000 for my daughter to study in Canada.User AmountDeposit TimeBankExplanationNumberYang LiuyingCNY265,963.18Nov 10,2011Bank of ChinaNov 10, 2011, save half a year fixed deposit via bank transfer, and the bank can manage an automatic re-deposit when time expired.1Yang LiuyingCNY2,929.32May 11,2011Bank of ChinaNov 10, 2011, deposit RMB 265,983.18 half a year has expired, interest is RMB 2,929.32, and balance of account is RMB268, 892.50. In May 11, 2011, half a year deposit expired and the bank can manage an automatic re-deposit.2Yang LiuyingCNY200,000.00May 11,2011Bank of ChinaMay 11, 2011, save one year fixed deposit via bank transfer, and the bank can manage an automatic re-deposit when time expired.3Total: CNY 468,892.50 We hope you may consider our daughters application for visa and give her an opportunity to receive excellent education in Canada. Thanks a lot! Father of the Applicant : Xiao Xiaoping Mother of the Applicant: Yang Liuying Time: June 16, 2012