Lianhe Ratings Global Limited has upgraded the global scale Long-term Issuer and Issuance Credit Rating of XMXYG Corporation to ‘A-’ from ‘BBB+’; Issuer Rating Outlook Positive

HONG KONG, 30 June 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of XMXYG Corporation (“XMXYG” or “the company”) to ‘A-’ from ‘BBB+’; Issuer Rating Outlook Positive.

Lianhe Global has also upgraded the global scale Long-term Issuance Credit Rating of the senior unsecured bonds issued by XMXYG to ‘A-’ from ‘BBB+’ at the same time. A full list of issuance rating is included in this press release.