YUE DA INTL (00629) announced that on December 19, 2025, its indirect wholly-owned subsidiary, Yueda Commercial Factoring, entered into factoring agreements with Yancheng Port Supply Chain and Yancheng Port Development, respectively.

Under the agreement with Yancheng Port Supply Chain, Yueda Commercial Factoring will provide accounts receivable financing, management, and collection services, granting a revolving credit limit of RMB50 million. The combined annual interest rate and factoring management fee ranges from 6% to 6.2%. The agreement takes effect on December 19, 2025, and matures on December 19, 2026.

Similarly, the agreement with Yancheng Port Development grants a RMB50 million revolving credit limit with the same interest and fee structure (6%-6.2%) and identical effective/maturity dates for accounts receivable services.

These agreements, conducted in the ordinary course of Yueda Commercial Factoring's business, are expected to contribute profits during the financing period. The terms are deemed commercially reasonable, facilitating business expansion and fostering long-term relationships with Dafeng Seaport, Yanxi Jingxuan, Yile Commerce, Yancheng Port Supply Chain, and Yancheng Port Development. The board considers the agreements fair and beneficial to the company and shareholders.