Lianhe Global downgrades Jinke Property Group Co., Ltd.’s global scale Long-term Issuer Credit Rating and Issuance Credit Rating to ‘BB’ from ‘BB+’; Issuer Rating Outlook Stable

HONG KONG, 19 May 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has downgraded the global scale Long-term Issuer Credit Rating of Jinke Property Group Co., Ltd. (000656.SZ) (“Jinke”) to ‘BB’ from ‘BB+’. The Outlook is Stable.