Lianhe Global has affirmed ‘B+’ global scale Long-term Issuer and Issuance Credit Ratings of Yincheng International Holding Co., Ltd.; Issuer Rating Outlook Revised to Negative

HONG KONG, 26 January 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘B+’ global scale Long-term Issuer Credit Rating of Yincheng International Holding Co., Ltd. (1902.HK) (“Yincheng”). The Outlook is revised to Negative.

Lianhe Global has also affirmed ‘B+’ Issuance Credit Rating of the senior unsecured USD notes issued by Yincheng. A full list of affirmed issuance ratings is included in this press release.