Common use of REVERSE FACTORING AGREEMENT Clause in Contracts

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 15 November 13 December 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 Xinqingyang are set out below: Reverse Factoring Agreement Date : 15 November 13 December 2024