Lianhe Global downgrades Logan Group Company Limited’s global scale Long-term Issuer Credit Rating and Long-term Issuance Credit Rating from ‘BBB-’ to ‘BB’; On Rating Watch Negative

HONG KONG, 4 March 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has downgraded the global scale Long-term Issuer Credit Rating of Logan Group Company Limited. (03380.HK) (“Logan” or “the company”) from ‘BBB-’ to ‘BB’.