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

HONG KONG, 6 January 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has downgraded the global scale Long-term Issuer Credit Rating of Yuzhou Group Holdings Company Limited (01628.HK) (“Yuzhou” or “the company”) from ‘BB-’ to ‘B’.