Yue Da International Holdings Limited (formerly known as Yue Da Holdings Limited, Yue Da Mining Holdings Limited) was incorporated in the Cayman Islands in June 2001 and was successfully listed on the Hong Kong Stock Exchange on November 29 of that year with stock code of 00629. The Company is the first listed company in Jiangsu Province to issue red chips in Hong Kong. The controlling shareholder Jiangsu Yueda Group Co., Ltd. is one of the top ten large-scale local state-owned enterprises in Jiangsu and the leading large-scale local state-owned enterprise in northern Jiangsu. With the full support of the controlling shareholder, the Company has launched commercial factoring services, accounts receivable management and collection, and factoring consulting services since 2017. The commercial factoring business is carried out normally by the Company's subsidiary Yueda (Shenzhen) Commercial Factoring Co., Ltd. Yueda (Shenzhen) Commercial Factoring Co., Ltd. was established on August 15, 2017, and its registered place is Qianhai, Shenzhen City, Guangdong Province Shenzhen-Hong Kong Cooperation Zone, with a registered capital of RMB 400 million. It is 100% invested and established by Fancy Base Investment Ltd., a subsidiary of Yueda International Holdings Co., Ltd.

The current main directions of factoring business are traditional factoring business and communications factoring business:

The traditional factoring business mainly targets group-controlled and joint-stock companies, various high-quality central and state-owned enterprises, and listed companies, using accounts receivable and payable as the business carrier.

Communications factoring business mainly focuses on cooperation with the personal communication business of the three major domestic telecom operators. It has the characteristics of small unit price, real-time monitoring of data, and relatively dispersed risks.

In the future, the Company will actively cooperate with various large enterprises and capital operations, timely adjust the Company's strategy according to the macro situation, further expand the scope and scale of business, improve corporate governance, enhance company’s value, achieve long-term development, and bring benefits to investors. Get ideal returns.