Lianhe Global: Huai’an Traffic Holding Group Co., Ltd.’s Long-term Issuance Credit Rating Unaffected by the Proposed USD Bonds Tap Issuance

HONG KONG, 11 August 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, says Huai’an Traffic Holding Group Co., Ltd.’s (“Huai’an Traffic”, ‘BBB/Stable’) proposed tap issuance of its USD238 million 5.5% senior unsecured USD bonds due 2025 will not affect the ‘BBB’ rating on the bonds.