YUE DA INTL(00629.HK): Signs New RMB43 Million Factoring Agreement, Combined Related Transactions in 12 Months Constitute a Major Transaction

According to the announcement, on the same day, Yue Da Commercial Factoring, an indirectly wholly-owned subsidiary of Yue Da International Holdings, entered into a reverse factoring agreement with Binhai Chijin. Yue Da Commercial Factoring will provide accounts receivable financing, management and collection services to the counterparty, and grant a reverse revolving credit limit of RMB43 million with an annual return rate of 8.2%. The agreement took effect on the same day and will expire on January 9, 2027.

It is reported that this transaction needs to be combined with similar transactions in the past 12 months. After combination, the highest applicable percentage ratio of the transactions exceeds 25% but is less than 100%, which constitutes a major transaction of the company.