Lianhe Global has affirmed ‘A-’ global scale Long-term Issuer Credit Rating of Xi’an Kingfar Holding (Group) Co., Ltd. with Stable Outlook; The global scale Long-term Issuance Credit Rating of its Credit Enhanced Guaranteed CNY Bonds affirmed at ‘AA-’

HONG KONG, 19 January 2026 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB’ global scale Long-term Issuer Credit Rating of Xi’an Kingfar Holding (Group) Co., Ltd. (“Xi’an Kingfar” or “the company”); Issuer Rating Outlook is Stable.

Lianhe Global has also affirmed ‘AA-’ global scale Long-term Issuance Credit Rating of the Credit Enhanced Guaranteed CNY Bonds issued by Xi’an Kingfar’s wholly-owned subsidiary Xi’an Kingfar International (Singapore) Pte. Ltd. The bonds have the benefit of RMB-denominated irrevocable standby letter of credit (“the SBLC”) issued by Postal Savings Bank of China Co., Ltd. (“PSBC”)’s Shaanxi branch. A full list of affirmed issuance rating is included in this press release.