HONG KONG, 14 November 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 Guaranteed Bonds (“the Bonds”) to be issued by Feicheng Huayu Industry Group Co., Ltd. (“FHIG”; ‘BBB’/Stable). The Bonds will be unconditionally and irrevocably guaranteed by Chongqing San Xia Financing Guarantee Group Co., Ltd. (“CSFG”).
FHIG intends to use the net proceeds from this offering for project construction and replenishment of working capital.