Hong Kong, 14 October 2025 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of Ag- to the proposed USD bonds to be issued by Jinan Hi-tech International (Cayman) Investment Development Co., Ltd., which is an indirect wholly-owned subsidiary of Jinan Hi-tech Holding Group Co., Ltd. (“JNHT” or the “Company”) (Ag-/Stable), and to be unconditionally and irrevocably guaranteed by JNHT.
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CCXAP’s public ratings are available at www.ccxap.com (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated July 2022, available at www.ccxap.com (Rating Methodologies).