Yue Da International Holdings Limited (Hong Kong SAR, China)

Yue Da International Holdings Limited, formerly known as Yue Da 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 the same year, with stock code 00629. It became the first listed company in Hong Kong to issue H-shares by Jiangsu, serving as a successful example of capital operation. In November 2007, Yue Da Holdings officially changed its name to Yue Da Mining Holdings Limited. In December 2018, Yue Da Mining Holdings Limited changed its name to Yue Da International Holdings Limited through a board resolution and shareholder vote. For the past decade, Yue Da International and its subsidiaries have been primarily engaged in managing and operating several mining projects within the People's Republic of China. Its main business includes exploration, mining, processing, and sales of zinc, lead, iron, and gold ores. In response to changes in the macroeconomic situation, since the second half of 2017, Yue Da International has also ventured into providing factoring services, accounts receivable management and collection, and factoring consulting services. As per the group's positioning requirements, Yue Da International will serve as the platform for the group's international investment and financing operations, actively responding to the "Belt and Road" initiative, introducing international strategic investors, promoting the internationalization of its business development, actively adapting to the trend of global economic integration, and building a financial technology company. Yue Da International will adopt a strategic layout of "one core and two wings," with commercial factoring as the core business and financial technology services and international business as the two wings. Among them, commercial factoring will focus on breakthroughs in communication factoring business, establishing brand and comparative advantages in segmented markets. Under the correct leadership of its parent company, Yue Da International will maintain a steady level of development and continue to improve its innovation capabilities, contributing to the development of the group and serving the real economy.