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          November 12, 2021

          CCXAP withdraws the Bg+ long-term credit rating of Yango Group Co., Ltd.

          Hong Kong, 12 November 2021 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has withdrawn the Bg+ long-term credit rating of Yango Group Co., Ltd. (“Yango”) for its own business reasons. At the same time, CCXAP has withdrawn Yango's Bg+ senior unsecured debt rating on the bonds issued by Yango Justice International Limited. Please refer to CCXAP’s credit rating withdrawal policies, available at www.lxjqb2004.com (Rating Services > > Rating Definition and Meaning).  

           

          CCXAP’s public ratings are available at www.lxjqb2004.com (Rating Results). The methodology used in this rating is Rating Methodology for Real Estate Development Industry dated December 2019, available at www.lxjqb2004.com (Rating Methodologies).

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