Lianhe Global has upgraded the global scale Long-term Issuer Credit Rating of Jiangsu Fangyang Holdings Co., Ltd. to ‘A+’ from ‘A’; Issuer Rating Outlook Stable

HONG KONG, 5 September 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of Jiangsu Fangyang Holdings Co., Ltd. (“JFH” or “the company”) to ‘A+’ from ‘A’; Issuer Rating Outlook is Stable.