Lianhe Global withdraws Rizhao City Donggang District Water Group Co., Ltd.’sglobal scale Long-term Issuer Credit Rating for Commercial Reasons

HONG KONG, 23 October 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has withdrawn the global scale Long-term Issuer Credit Rating of Rizhao City Donggang District Water Group Co., Ltd. (“RCDDW”; ‘BBB/Stable).

The rating was withdrawn for commercial reasons.