Lianhe Global withdraws Rizhao Xinrong Industrial Investment Development Co., Ltd.’s global scale Long-term Issuer Credit Rating for Commercial Reasons

HONG KONG, 24 November 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has withdrawn the global scale Long-term Issuer Credit Rating of Rizhao Xinrong Industrial Investment Development Co., Ltd. (“RXIID”; ‘BBB-/Stable).

The rating was withdrawn for commercial reasons.