Lianhe Global withdraws Redco Properties Group Limited’s global scale Long-term Issuer and Issuance Credit Rating for Commercial Reasons

HONG KONG, 2 March 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has withdrawn the global scale Long-term Issuer Credit Rating of Redco Properties Group Limited (1622.HK) (“Redco”). Lianhe Global has also withdrawn the global scale Long-term Issuance Credit Rating of the senior unsecured USD notes issued by Redco. The ratings were withdrawn for commercial reasons.