HONG KONG, 4 December 2018 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB-’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD bonds (“USD bonds”) to be issued by Liangshan State-Owned Investment & Development Co., Ltd. (“LSID”; ‘BBB-’/Stable)’s wholly-owned subsidiary Liang Shan International Development Limited, which is unconditionally and irrevocably guaranteed by LSID.