HONG KONG, 2 June 2026 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB+’ global scale Long-term Issuance Credit Rating of the USD100 million, 6.9% Guaranteed Bonds due 2028 (“the Bonds”) issued by Lunan (Zaozhuang) Economic Development Investment Co., Ltd. (“LEDI”; ‘BBB/Stable’). The Bonds are unconditionally and irrevocably guaranteed by Lunan Development Investment Holding (Zaozhuang) Group Co., Ltd. (“LDIH”).