REVERSE FACTORING AGREEMENT. The Board hereby announces that on 27 March 2023, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Xxxxxxx Xxxxxxxxxxx and Xxxxxxx Xxxxxxxxxxx is entitled to apply for accounts receivables transfer and factoring services. If Xxxxxxx Xxxxxxxxxxx needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Jiangsu Xinqingyang are set out below: Date : 27 March 2023
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 20 September 2023, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Xxxxxxxx Xxxxxxxx and Xxxxxxxx Xxxxxxxx is entitled to apply for accounts receivables transfer and factoring services. If Xxxxxxxx Xxxxxxxx needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving factoring financing credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Xxxxxxxx Xxxxxxxx are set out below: Date : 20 September 2023 Parties : (1) Xxxxxxxx Xxxxxxxx (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Xxxxxxxx Xxxxxxxx and its ultimate beneficial owners (save as YDRE and its ultimate beneficial owner) are Independent Third Parties.)
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 28 December 2022, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Xxxxxx Xxxxxxxxx and Xxxxxx Xxxxxxxxx is entitled to apply for accounts receivables transfer and factoring services. If Xxxxxx Xxxxxxxxx needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Dafeng Xingcheng are set out below: Date : 28 December 2022 Parties : (1) Xxxxxx Xxxxxxxxx (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Xxxxxx Xxxxxxxxx and its ultimate beneficial owner are Independent Third Parties.)
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 15 November 2024, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Jiangsu Maode and Jiangsu Maode is entitled to apply for accounts receivables transfer and factoring services. If Jiangsu Maode needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Jiangsu Maode are set out below: Reverse Factoring Agreement Date : 15 November 2024
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 23 August 2022, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Sheyang Rice and Sheyang Rice is entitled to apply for accounts receivables transfer and factoring services. If Sheyang Rice needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Sheyang Rice are set out below: Date : 23 August 2022 Parties : (1) Xxxxxxx Xxxx (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Xxxxxxx Xxxx and its ultimate beneficial owner are Independent Third Parties.)
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 29 May 2020, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring loan credit limits to Sheyang and Sheyang is entitled to apply for accounts receivables transfer and factoring services. If Sheyang needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring loan within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Sheyang are set out below:
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 8 February 2021, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring loan credit limits to Sheyang Tour and Sheyang Tour is entitled to apply for accounts receivables transfer and factoring services. If Sheyang Tour needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring loan within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Sheyang Tour are set out below: Date : 8 February 2021 Parties : (1) Sheyang Tour (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Sheyang Tour and its ultimate beneficial owner are Independent Third Parties.)
