Lianhe Global downgrades Yuzhou Group Holdings Company Limited’s global scale Long-term Issuer and Issuance Credit Rating from ‘BB’ to ‘BB-’; Issuer Rating Outlook Stable; Removes Rating Watch Negative

HONG KONG, 13 April 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has downgraded the global scale Long-term Issuer Credit Rating to Yuzhou Group Holdings Company Limited (01628.HK) (“Yuzhou” or “the company”) from ‘BB’ to ‘BB-’. The Outlook is Stable.