Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd. (Initial Issuer Report)

Lianhe Ratings Global Limited (“Lianhe Global”) has assigned ‘BBB-’ global scale Long-term Issuer Credit Rating with Stable Outlook to Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd. (“CDHXI” or “the company”)

The Issuer Credit Rating reflects the People’s Government of Jintang District’s (“Jintang government”) full ownership of CDHXI, CDHXI’s strategic position as the core construction and operation entity responsible for project construction and management, residential construction and infrastructure construction and operation in Jintang District (“Jintang”), especially in Huaizhou Xincheng Functional Area (“Xincheng”) as well as the linkage between the Jintang government and CDHXI, hence a high possibility that the Jintang government would provide strong support to CDHXI if needed. In addition, the Jintang government may face significant negative impact on its reputation, business and financing activities should CDHXI encounter any operational or financial difficulties.

The Stable Outlook reflects our expectation that CDHXI’s strategic importance would remain intact while the Jintang government will continue to ensure CDHXI’s stable operation.