HONG KONG, 13 October 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A+’ global scale Long-term Issuance Credit Rating to the senior unsecured CNY Bonds (“the Bonds”) to be issued by Huafa 2024 I Company Limited (“Huafa 2024 I”), a wholly-owned subsidiary of Zhuhai Huafa Group Co., Ltd. (“ZHG”; ‘A+’/Stable).
The Bonds constitute Huafa 2024 I’s direct, unconditional, unsubordinated and unsecured obligations which shall at all times rank at least equally with all its other present and future unsecured and unsubordinated obligations. The Bonds are unconditionally and irrevocably guaranteed by ZHG.
ZHG intends to use the net proceeds from this offering for refinancing existing offshore indebtedness.