Lianhe Global downgrades Agile Group Holdings Ltd.’s global scale Long-term Issuer Credit Rating and Long-term Issuance Credit Rating from ‘BBB-’ to ‘BB+’; On Rating Watch Negative

HONG KONG, 13 January 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has downgraded the global scale Long-term Issuer Credit Rating of Agile Group Holdings Ltd. (3383.HK) (“Agile” or “the company”) from ‘BBB-’ to ‘BB+’.