Yueda Holdings

Yueda International Holdings Limited (formerly Yueda Mining Holdings Limited) was incorporated in the Cayman Islands in June 2001 and successfully listed on the Hong Kong Stock Exchange on 29 November of the same year under stock code 00629. It became the first Jiangsu-based red-chip company listed in Hong Kong and serves as a model of successful capital operation. In December 2018, upon the resolution of the Board of Directors and voting approval at the general meeting of shareholders, Yueda Mining Holdings Limited officially changed its name to Yueda International Holdings Limited.

Over the past decade, the core business of Yueda International and its subsidiaries has been the management and operation of multiple mining exploration and processing projects within the People's Republic of China, covering the exploration, mining, processing and sales of zinc, lead, iron and gold ores. Amid shifts in the macroeconomic landscape, Yueda International launched new businesses in the second half of 2017, including factoring services, accounts receivable management and collection, as well as factoring consulting services.

In line with the Group’s strategic positioning, Yueda International will act as the Group’s investment and financing platform targeting global markets in the future. It will actively align with the Belt and Road Initiative, introduce international strategic investors, advance the internationalization of its business operations, proactively adapt to the trend of global economic integration, and develop into a fintech enterprise. The Company will implement a strategic layout of "One Core, Two Wings": commercial factoring as the core primary business, supplemented by fintech services and international business as the two supporting wings. For its commercial factoring segment, the Company will focus on breakthroughs in household consumer installment financing to build brand recognition and comparative advantages in niche market segments. Under the sound leadership of its parent company, Yueda International will maintain steady growth, continuously strengthen its innovation capacity, and contribute to the Group’s development and the growth of the real economy.