Common use of REVERSE FACTORING AGREEMENT Clause in Contracts

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 11 June 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 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is entitled to apply for accounts receivables transfer and factoring services. If Yancheng Shuanghu 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 Yancheng Shuanghu are set out below: Reverse Factoring Agreement Date : 11 June 2025 Parties : (1) ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Yancheng Shuanghu and its ultimate beneficial owner are Independent Third Parties.)

Appears in 1 contract

Sources: Reverse Factoring Agreement

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 11 June 202520 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 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is entitled to apply for accounts receivables transfer and factoring services. If Yancheng Shuanghu ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 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 Yancheng Shuanghu ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ are set out below: Reverse Factoring Agreement Date : 11 June 2025 20 September 2023 Parties : (1) ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Yancheng Shuanghu ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and its ultimate beneficial owner owners (save as YDRE and its ultimate beneficial owner) are Independent Third Parties.)

Appears in 1 contract

Sources: Reverse Factoring Agreement

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 11 June 20259 September 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 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ is entitled to apply for accounts receivables transfer and factoring services. If Yancheng Shuanghu ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ 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 Yancheng Shuanghu Jinruicheng are set out below: Reverse Factoring Agreement Date : 11 June 2025 9 September 2024 Parties : (1) ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Yancheng Shuanghu Jinruicheng and its ultimate beneficial owner are Independent Third Parties.)

Appears in 1 contract

Sources: Reverse Factoring Agreement

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 11 June 202528 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 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is entitled to apply for accounts receivables transfer and factoring services. If Yancheng Shuanghu ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 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 Yancheng Shuanghu Dafeng Xingcheng are set out below: Reverse Factoring Agreement Date : 11 June 2025 28 December 2022 Parties : (1) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Yancheng Shuanghu ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and its ultimate beneficial owner are Independent Third Parties.)

Appears in 1 contract

Sources: Reverse Factoring Agreement

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 11 June 202523 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 Yancheng Shuanghu 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 Yancheng Shuanghu Sheyang Rice are set out below: Reverse Factoring Agreement Date : 11 June 2025 23 August 2022 Parties : (1) ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Yancheng Shuanghu ▇▇▇▇▇▇▇ ▇▇▇▇ and its ultimate beneficial owner are Independent Third Parties.)

Appears in 1 contract

Sources: Reverse Factoring Agreement

REVERSE FACTORING AGREEMENT. The Board hereby announces that on 11 June 202524 September 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 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ is entitled to apply for accounts receivables transfer and factoring services. If Yancheng Shuanghu Huachen 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 Yancheng Shuanghu Huachen are set out below: Reverse Factoring Agreement Date : 11 June 2025 24 September 2024 Parties : (1) ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Yancheng Shuanghu Huachen and its ultimate beneficial owner are Independent Third Parties.)

Appears in 1 contract

Sources: Reverse Factoring Agreement