HONG KONG, 5 January 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, says Zhongliang Holdings Group Company Limited’s (2772.HK) (“Zhongliang”, ‘BB’/Stable) proposed tap issuance of its USD250 million 9.5% senior notes due 2022 will not affect the ‘BB’ rating on the notes.