Recently, United Credit Rating Inc. (“United Credit Rating”) gave ZGC Sci-tech Guarantee, a member of the Group, a subject credit rating of “AAA”, with the outlook of “stable”.

This is the fourth “AAA” rating obtained by ZGC Sci-tech Guarantee following the highest ratings from Gloden Credit Rating, Dagong Global Credit Rating, and CSCI Pengyuan Credit Rating.

United Credit Rating has carried out a detailed analysis and evaluation of ZGC Sci-tech Guarantee in terms of basic quality, management, operation, risk management, financial situation, external support before giving a true, objective and fair rating report.

Receiving “AAA” ratings from multiple respectful rating agencies is helpful for ZGC Sci-tech Guarantee to provide financing services for strategic emerging industries and technological innovation actors, and to play a concrete role in enhancing firms’ credit and reducing funding costs.

At present, ZGC Sci-tech Guarantee is exploring innovations of direct financing businesses, such as IP securitization and bond guarantee. Credit enhancement from a guarantee institution with “AAA” ratings makes it possible for micro-, small- and medium-sized sci-tech innovation firms to raise money in the open market, and reduce the coupon rate by at least 50 BP, meeting the diversified financing needs of companies and reducing financing costs effectively.