Lianhe Global has affirmed ‘A+’ global scale Long-term Issuer and Issuance Credit Rating of Zhuhai Huafa Group Co., Ltd.; Issuer Rating Outlook Stable

HONG KONG, 2 April 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘A+’ global scale Long-term Issuer Credit Rating of Zhuhai Huafa Group Co., Ltd. (“ZHG”). The Outlook is Stable.

Lianhe Global has also affirmed ‘A+’ global scale Long-term Issuance Credit Rating of the RMB Digitally Native Guaranteed Bonds and RMB Senior Guaranteed Perpetual Capital Securities issued by ZHG at the same time. A full list of affirmed issuance rating is included in this report.