Hong Kong, 14 May 2026 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of Ag- to the proposed USD notes to be issued by TFI Overseas Investment Limited (“TFI Overseas”), an indirect wholly-owned subsidiary of Tianfeng Securities Co., Ltd. (“TFS”) (Ag-/Stable), and unconditionally and irrevocably guaranteed by TF International Securities Group Limited (“TF International”) and TFS.
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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 Securities Industry dated August 2017, available at www.ccxap.com (Rating Methodologies).