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

HONG KONG, 2 June 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” or “the company”) to ‘CCC-’ from ‘B+’. The Outlook is Negative.