Lianhe Global has Upgraded the Global Scale Long-term Credit Rating of China Hongqiao Group Limited to ‘BBB-’ from ‘BB+’; Issuer Rating Outlook Revised to Stable

HONG KONG, 30 December 2024 – 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 ‘BBB-’ from ‘BB+’. The Issuer Rating Outlook is revised to Stable from Positive.