Yue Da Intl (00629) subsidiary enters into reverse factoring agreement with Dongtai Haoyao.

17:22 23/07/2026

YueDa International Holdings Limited (00629) announced that on July 23, 2026, its indirect wholly-owned subsidiary, YueDa Commercial Factoring, entered into a reverse factoring agreement with Dongtai Houyao. Under the reverse factoring agreement, YueDa Commercial Factoring agreed to provide Dongtai Houyao with accounts receivable financing, accounts receivable management services, and accounts receivable collection services, and granted a reverse revolving credit limit of RMB 30 million, with an annual interest rate and factoring management fee totaling 6.5% to 7.2%. The agreement will take effect on July 23, 2026, and will expire on September 30, 2027.

YUE DA INTL (00629) announced that on July 23, 2026, its indirectly wholly-owned subsidiary YUEDA Commercial Factoring entered into a reverse factoring agreement with Dongtai Haoyao. Under the agreement, YUEDA Commercial Factoring agreed to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services to Dongtai Haoyao, and granted a reverse revolving credit limit of RMB 30 million. The annual interest rate and factoring management fee together are 6.5% to 7.2%. The agreement will be effective from July 23, 2026, and will expire on September 30, 2027.

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