On 13 May 2022, China Lianhe Credit Rating Co., Ltd. (“Lianhe Ratings”) and Lianhe Ratings Global Limited (“Lianhe Global”) participated in the “2022 APAC Financial, Real Estate Equity and Credit Conference” organized by a top U.S. investment bank. On the fourth day of this 4-day event, Mr. Jiping Ding, the Head of Public Finance of Lianhe Ratings and Mr. Ben Yau, a director of Lianhe Global, participated in a 1-hour theme presentation and Q&A session on “China local government funding vehicles: a rating agency perspective”. The session attracted 98 market participants, making it the most popular session among all other relevant ones in the conference.