The board of directors of the Yuanda China Holdings Limited announced that the company has recently entered into a comprehensive strategic cooperation agreement with China Export & Credit Insurance Corporation Liaoning Branch (CECIC Liaoning) pursuant to which CECIC Liaoning will offer a comprehensive export and credit insurance package to the group, including mid-to long-term export credit insurance and credit support, overseas investment insurance, short-term export credit insurance, contract insurance and financing facility, financing modeling for offshore companies, comprehensive insurance for short-term export credit and financing support, credit consulting services on buyers, industries and countries, the provision of export insurance related guarantees and credit references and the provision of export insurance related pre-freight insurance. The strategic cooperation agreement sets out the general principles of cooperation between the parties. Detailed terms of the export and credit insurance services will be subject to definitive contracts to be entered into between the parties.