According to an official announcement, Yue Da International Holdings Limited (“Yue Da”), through its indirectly wholly owned subsidiary Yueda (Shenzhen) Commercial Factoring Co., Ltd. (“Yueda Commercial Factoring”), entered into a factoring agreement with ZhongYiFeng on December 4, 2025. The agreement involves accounts receivables financing, management, and collection services, with a revolving credit limit of RMB50 million. The applicable annual rate, which includes interest and factoring administration fees, ranges from 8.2% to 9.2%, and the facility is valid from December 4, 2025, to December 9, 2026.

The agreement designates Dafeng Traffic Investment Company Limited as co-payer, ensuring repayment in the event of default, while Yancheng Dafeng District Transportation Holdings Group Company Limited and Yancheng Doulonggang Ecological Tourism Resort Group Company Limited provide additional guarantees. ZhongYiFeng is principally engaged in construction engineering, and Yueda Commercial Factoring specializes in factoring-related services.

Based on the applicable percentage ratio exceeding 5% but being below 25%, the transaction qualifies as a disclosable transaction under Chapter 14 of the Listing Rules, requiring reporting and announcement. Yue Da states that the arrangement is conducted on normal commercial terms in the ordinary course of business, contributing potential profit and fostering a long-term business relationship.