Common use of REVERSE FACTORING AGREEMENT Clause in Contracts

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 27 March 2025, 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 Yile Trading and Yile Trading is entitled to apply for accounts receivables transfer and factoring services. If Yile Trading 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 Yile Trading are set out below: Reverse Factoring Agreement Date : 27 March 2025

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 27 March 2025December 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 Yile Trading Hengtai Port and Yile Trading Hengtai Port is entitled to apply for accounts receivables transfer and factoring services. If Yile Trading Hengtai Port 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 Yile Trading Hengtai Port are set out below: Reverse Factoring Agreement Date : 27 March 2025December 2024