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

HONG KONG, 29 April 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of Redsun Properties Group Limited (01996.HK) (“Redsun” or “the company”) to ‘BB’ from ‘BB-’. The Outlook is Stable.