Gelonghui September 9 | Yueda International Holdings (00629.HK) announced that on September 9, 2024, Yueda Commercial Factoring, an indirect wholly-owned subsidiary of the company, signed a reverse factoring agreement (“reverse factoring agreement”) with Yancheng Jinruicheng. According to the reverse factoring agreement, Yueda Commercial Factoring agreed to provide accounts receivable financing, accounts receivable management services and accounts receivable collection services (“accounts receivable services”) to Yancheng Jinruicheng and grant a reverse revolving credit limit of RMB 50,000,000. The sum of the annual interest rate and factoring management fee is 8% to 9%, effective from September 13, 2024 and expires on September 12, 2025.