HONG KONG, 7 May 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB-’ global scale Long-term Issuer Credit Rating of Jiangyou Hongfei Investment (Group) Co., Ltd. (“JHIG”) and ‘BBB-’ global scale Long-term Issuer Credit Rating of Jiangyou Xingyi Agricultural Investment Co., Ltd. (“JXAI”). The Outlooks are Stable.