Lianhe Global withdraws Yango Group Co., Ltd.’s global scale Long-term Issuer and Issuance Credit Rating for Commercial Reasons

HONG KONG, 1 November 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has withdrawn the global scale Long-term Issuer Credit Rating of Yango Group Co., Ltd. (000671.SZ) (“Yango”). Lianhe Global has also withdrawn the global scale Long-term Issuance Credit Rating of the senior unsecured USD notes issued by Yango Justice International Limited, a wholly-owned subsidiary of Yango, and guaranteed by Yango. The ratings were withdrawn for commercial reasons.