YUE DA INTL (00629) subsidiary enters into reverse factoring agreement with RUIFA.

YUE DA INTL (00629) announced on February 28, 2025, that its indirect wholly-owned subsidiary, Yue Da Commercial Factoring, has entered into a reverse factoring agreement with Rui Fa. Under the reverse factoring agreement, Yue Da Commercial Factoring agrees to provide Rui Fa with accounts receivable financing, accounts receivable management services, and accounts receivable collection services, and grants a reverse revolving credit limit of RMB 50 million. The annual interest rate and factoring management fee combined are 8% to 9%, effective from March 1, 2025, and expiring on January 11, 2027.