Lianhe Global has assigned ‘BB-’ to Yango Group Co., Ltd’s proposed USD bonds

HONG KONG, 11 June 2019 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BB-’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD bonds (“the USD bonds”) to be issued by Yango Justice International Limited (“Yango Justice”) and guaranteed by Yango Group Co., Ltd (“Yango”; ‘BB-’/Stable). Yango Justice is a wholly-owned subsidiary of Yango.

Yango intends to use a substantial portion of the net proceeds from the USD bonds primarily for refinancing its existing indebtedness.