Yueda International Holdings (00629.HK): Enters Reverse Factoring Agreement with Revolving Credit Limit of RMB 30 Million

NewTimeSpace News: On 23 July 2026, Yueda International Holdings (00629.HK) issued an announcement. Its indirectly wholly-owned subsidiary Yueda Commercial Factoring signed a reverse factoring agreement with Dongtai Houyao to provide accounts receivable financing, management and collection services. A revolving credit limit of RMB 30 million was granted with an annual return rate ranging from 6.5% to 7.2%. The agreement matures on 30 September 2027 and is guaranteed by Dongtai Industrial Investment and Development Group.

According to the announcement, this agreement shall be aggregated with another reverse factoring agreement signed with Dongtai Urban Investment in April, which carries the same guarantor. The maximum applicable percentage ratio exceeds 5% but is less than 25%, rendering the transaction a disclosable transaction.

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