Lianhe Global has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to Taixing City Investment Development Group Co., Ltd.’s proposed senior unsecured bonds

HONG KONG, 21 February 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 Taixing City Investment Development Group Co., Ltd. (“TCID”; ‘BBB’/Stable).

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