HONG KONG, 3 December 2024 – 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 Yancheng Dafeng District Xiecheng Industrial Development Co., Ltd. (“YDXID”; ‘BBB/Stable’).