Yue Da International Holdings (00629) announced that on January 9, 2026, its indirect wholly-owned subsidiary, Yue Da Commercial Factoring, entered into a factoring agreement with Binhai Chijin.

Pursuant to the reverse factoring agreement with Binhai Chijin, Yue Da Commercial Factoring agreed to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services to Binhai Chijin, granting a reverse revolving credit line of RMB 43 million. The combined annual interest rate and factoring management fee is 8.2%, effective from January 9, 2026, and maturing on January 9, 2027.

Given that the factoring agreement was executed in the ordinary and general course of business for Yue Da Commercial Factoring, it is expected to contribute profits to the company during the financing period. The agreement is based on normal commercial terms and is beneficial for the Group's business expansion, as well as for establishing long-term business relationships with Hengfa, Binhai Jingfa, and Binhai Chijin. The directors consider the terms of the factoring agreement to be fair and reasonable, aligning with the overall interests of the company and its shareholders.