Lianhe Global has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to Heze City Investment Holdings Group Co., Ltd.’s proposed offshore bonds

HONG KONG, 9 May 2023 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the senior unsecured bonds (“the Bonds”) to be issued by Heze City Investment Holdings International Co., Limited, an indirect wholly-owned subsidiary of Heze City Investment Holdings Group Co., Ltd. (“HZCI”; ‘BBB’/Stable). The bond is unconditionally and irrevocably guaranteed by HZCI.

HZCI intends to use the net proceeds from this offering for project construction and supplement of working capital.