Yuet Da International Holdings Limited (00629.HK) subsidiary entered into a reverse factoring agreement with Hengfat.

Zhixingtong Financial APP News, YueDa International Holdings (00629.HK) announced that on August 29, 2025, its indirect wholly-owned subsidiary, YueDa Commercial Factoring, entered into a reverse factoring agreement with Hengfa. According to the reverse factoring agreement, YueDa Commercial Factoring agrees to provide Hengfa with accounts receivable financing, accounts receivable management services, and accounts receivable collection services, and grants a reverse revolving credit limit of RMB 23 million, with a combined annual interest rate and factoring management fee of 8.5%. The agreement is effective from August 29, 2025, and expires on September 10, 2027.