HONG KONG, 18 April 2023 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured CNY bonds (“the Bonds”) to be issued by Qingdao City Construction Investment (Group) Limited’s (“QCCI”; ‘A’/Positive) wholly-owned subsidiary Hongkong International (Qingdao) Company Limited (“HKIQD”).