About YUE DA INTL Company

Yueda International Holdings Limited (previously known as Yueda Mining Holdings Limited) was incorporated in the Cayman Islands in June 2001 and successfully listed on the Hong Kong Stock Exchange on November 29 of that year, with stock code 00629. It became the first listed company in Jiangsu to issue red chip shares in Hong Kong, and is a successful example of capital operation. In November 2007, Yueda Holdings officially changed its name to Yueda Mining Holdings Co., Ltd. In December 2018, Yueda Mining Holdings Co., Ltd. was officially renamed Yueda International Holdings Co., Ltd. by resolution of the board of directors and voting at the shareholders' meeting. The main business of Yueda International and its subsidiaries over the past ten years has been managing and operating a number of mining projects in the People's Republic of China. The main business includes exploration, mining, processing and sale of zinc, lead, iron and gold ores. With changes in the macroeconomic situation, since the second half of 2017, Yueda International has been providing factoring services, accounts receivable management and collection, and factoring consulting services. According to the Group's positioning requirements, in the future, Yueda International will act as a platform for the Group's investment and financing operations in the international market, actively respond to the “Belt and Road” initiative, actively introduce international strategic investors, promote its own business development towards internationalization, actively adapt to the trend of global economic integration, and build a fintech company; Yueda International will build a strategic layout of “one core, two wings”, that is, commercial factoring as its core business, with fintech services and international business as the two wings. Among them, commercial factoring will focus on breaking through household consumption instalments to establish a brand and comparative advantage in the market segment; Yueda International's parent company will establish a brand and comparative advantage in the market segment. Of Under proper leadership, we will maintain a steady level of development, continue to improve our ability to innovate, and contribute to the Group's development and service to the real economy.