HONG KONG, 10 September 2026 – 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 guaranteed green bonds (“the Bonds”) to be issued by Jinshine International Co., Ltd, an indirect wholly-owned subsidiary of Xuzhou Industry Development Holding Group Co., Ltd. (“XZID”; ‘A+’/Stable). The Bonds will be unconditionally and irrevocably guaranteed by XZID.