Lianhe Global has upgraded the global scale Long-term Issuer Credit Rating of Zhangzhou Transportation Development Group Co., Ltd. to ‘A-’ from ‘BBB+’; Issuer Rating Outlook revised to Stable from Positive

HONG KONG, 7 July 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of Zhangzhou Transportation Development Group Co., Ltd. (“ZZT” of “the company”) to ‘A-’ from ‘BBB+’; Issuer Rating Outlook revised to Stable from Positive.