Lianhe Global downgrades Sinic Holdings (Group) Company Limited’s global scale Long-term Issuer Credit Rating and Issuance Credit Rating from ‘BB-’ to ‘CCC+’; Remain on Rating Watch Negative

HONG KONG, 23 September 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has downgraded the global scale Long-term Issuer Credit Rating of Sinic Holdings (Group) Company Limited (2103.HK) (“Sinic” or “the company”) from ‘BB-’ to ‘CCC+’.