Lianhe Global has affirmed‘BBB+’global scale Long-term Issuance Credit Rating of Taizhou Zhongtian New Energy Industry Development Co., Ltd.’s Guaranteed Bonds

HONG KONG, 21 May 2026– Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB+’ global scale Long-term Issuance Credit Rating to the CNY720.0 million, 7.3% Guaranteed Bonds due 2028 (“the Bonds”) issued by Taizhou Zhongtian New Energy Industry Development Co., Ltd. (“TZNEID”; ‘BBB/Stable’). The Bonds are unconditionally and irrevocably guaranteed by Taizhou Hailing Urban Development Group Co., Ltd. (“THUD”).

A full list of affirmed issuance ratings is included in this press release.