Recently, United Credit Rating Co., Ltd. issued a credit rating announcement, rating the long-term credit rating of the main body of Rongfa Group as AA, and the rating outlook is stable. This is the fifth district-owned state-owned enterprise in Qingdao West Coast New District that has received this rating, marking the deepening of state-owned enterprises in the new district. Reform and promote district-owned state-owned enterprises to make new breakthroughs in the capital market.

The main credit rating is the credit rating of an enterprise or economic entity, which is mainly divided into three grades and nine grades, with AAA grade being the highest grade, followed by AA grade. Obtaining the AA main credit rating is the capital market's full affirmation of the comprehensive strength of Rongfa Group, and it is also generally optimistic about the economic development prospects of the new district. It will help Rongfa Group to further enhance its investment and financing capabilities, development and construction capabilities, and state-owned assets management capabilities, and accelerate marketization. Operation, better help the new district to undertake national strategies and promote collaborative innovation.

United Credit Rating Co., Ltd. (hereinafter referred to as "United Credit") is one of the most professional and large-scale credit rating agencies in China. It is a credit rating agency recognized by the people's Bank of China, the National Development and Reform Commission, the China Insurance Regulatory Commission and other regulatory authorities. It is the governing unit of the China Association of Interbank Market Dealers. Its rating methods and technology are in the forefront of the industry, it has been among the best in the evaluation of rating agencies by participants in the interbank market.