Lianhe Global downgrades Jinke Property Group Co., Ltd.’s global scale Long-term Issuer Credit Rating and Long-term Issuance Credit Rating to ‘D’ from ‘CCC-’; Withdraws Ratings for Commercial Reasons

HONG KONG, 29 December 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 ‘D’ from ‘CCC-’.

Lianhe Global has also downgraded the global scale Long-term Issuance Credit Rating of the senior unsecured USD notes issued by Jinke to ‘D’ from ‘CCC-’. A full list of issuance ratings is included in this press release.

The ratings were withdrawn subsequently for commercial reasons.