YUE DA INTL's subsidiary signs a factoring agreement with Yancheng Guannan
YUE DA INTL's wholly-owned subsidiary, YUE DA Commercial Factoring, has signed a factoring agreement with Yancheng Guannan. According to the agreement, YUE DA Commercial Factoring will provide accounts receivable financing and management services to Yancheng Guannan, and grant a revolving credit limit of RMB 28 million, with a total annual interest rate and factoring management fee of 8.2%. The agreement will be effective from July 30, 2025, and will expire on July 28, 2027
According to the announcement from YUE DA INTL (00629), on July 30, 2025, the company's indirect wholly-owned subsidiary, YUE DA Commercial Factoring, entered into a factoring agreement with Yancheng Guannan (the factoring agreement). Under the factoring agreement, YUE DA Commercial Factoring agrees to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services (accounts receivable services) to Yancheng Guannan and grants a revolving credit limit of RMB 28 million, with a combined annual interest rate and factoring management fee of 8.2%, effective from July 30, 2025, and expiring on July 28, 2027
