Lianhe Global has affirmed ‘BBB+’ global scale Long-term Issuer and Issuance Credit Rating of Zhengzhou Jinshui Holdings Group Co., Ltd.; Issuer Rating Outlook Stable

HONG KONG, 15 May 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB+’ global scale Long-term Issuer Credit rating of Zhengzhou Jinshui Holdings Group Co., Ltd. (“ZJHG” or “the company”); The Outlook is stable.

Lianhe Global has also affirmed ‘BBB+’ global scale Long-term Issuance Credit Rating of the senior unsecured bonds issued by ZJHG at the same time. A full list of affirmed issuance rating is included in this report.