Lianhe Global has upgraded the global scale Long-term Issuer and Issuance Credit Rating of China Hongqiao Group Limited to ‘BB+’ from ‘BB’; Issuer Rating Outlook Stable

HONG KONG, 28 May 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of China Hongqiao Group Limited (1378.HK) (“China Hongqiao” or “the company”) to ‘BB+’ from ‘BB’. The Outlook is Stable.