Lianhe Global has upgraded the global scale Long-term Issuer and Issuance Credit Rating of Jining City Development Capital Holdings Co., Ltd. to ‘A-’ from ‘BBB+’; Issuer Rating Outlook Stable

HONG KONG, 20 August 2026 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of Jining City Development Capital Holdings Co., Ltd. (“JCDCH”) to ‘A-’ from ‘BBB+’; Issuer Rating Outlook stable.

Lianhe Global has also upgraded the global scale Long-term Issuance Credit Rating of the senior unsecured bonds issued by JCDCH to ‘A-’ from ‘BBB+’ at the same time. A full list of issuance rating is included in this press release.