HONG KONG, 14 October 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A-’ global scale Long-term Issuance Credit Rating to the proposed CNY Credit Enhanced Bonds (“the Bonds”) to be issued by Feicheng Huayu Industry Group Co., Ltd. (“FHIG”; ‘BBB’/Stable). The Bonds will have the benefit of an irrevocable Standby Letter of Credit (“SBLC”) issued by Bank of Qingdao Co., Ltd. (“BQD”), Taian Branch.
FHIG intends to use the net proceeds from this offering for project construction and replenishment of working capital.