HONG KONG, 9 September 2026 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB+’ global scale Long-term Issuance Credit Rating to the proposed CNY Bonds (“the Bonds”) to be issued by Qingdao Jiaozhou Bay Development Group Co., Ltd. (“JZBD”; ‘BBB+’/Stable).