Lianhe Ratings Global Limited has affirmed ‘BBB+’ global scale Long-term Issuer Credit Rating of Dongyang State-owned Assets Investment Co., Ltd. with Stable Outlook; The global scale Long-term Issuance Credit Rating of its Credit Enhanced Guaranteed JPY Bonds affirmed at ‘A-’

HONG KONG, 19 January 2026 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB+’ global scale Long-term Issuer Credit Rating of Dongyang State-owned Assets Investment Co., Ltd. (“DSAI” or “the company”); Issuer Rating Outlook is Stable.

Lianhe Global has also affirmed ‘A-’ global scale Long-term Issuance Credit Rating to the Credit Enhanced JPY Bonds (“the bonds”). The bonds will have the benefit of JPY-denominated irrevocable standby letter of credit (“the SBLC”) issued by Bank of Hangzhou Co., Ltd. (“BOH”)’s Jinhua Branch. A full list of affirmed issuance rating is included in this press release.