Lianhe Global withdraws Shandong Hejian State-owned Capital Investment Co., Ltd.’s global scale Long-term Issuer Credit Rating for Commercial Reasons

HONG KONG, 20 October 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has withdrawn the global scale Long-term Issuer Credit Rating of Shandong Hejian State-owned Capital Investment Co., Ltd. (“SHSCI”; ‘BBB+’/Stable).

The rating was withdrawn for commercial reasons.