Jiayuan International was assigned first-time AA corporate family rating and B+ global scale long-term issuer credit rating

On September 20, 2017, Dagong International Credit Rating Co., Ltd. (hereinafter referred to as "Dagong International") and Dagong International Credit Rating (Hong Kong) Limited (hereinafter referred to as "Dagong International (Hong Kong)") Hereinafter referred to as "Jia Yuan International" and "Group") assessed the inbound credit rating of [AA] , and out-bound credit rating of [B+] , stable rating outlook.

The rating reflects the company's reliance on the strategic layout of the company, deep in Jiangsu Province for many years the brand influence, a large number of high-quality soil storage resources, integrated collaborative development and the whole process cost control and other multiple advantages, has achieved excellent business performance and development results, And access to the capital market and professional bodies highly recognized. Rating pointed out that good source of international wealth in the creation of the ability and corporate credit are at a high level, is that the group's credit system building a major breakthrough.

The report also pointed out that Jiayuan International deep plowing Jiangsu Province for many years, have seen in Jiangsu Province in recent years, a higher level of economic development, the economy ranked second in the country, the future real estate market development space. Coupled with the Yangtze River Delta real estate market boom, the company contract sales volume has increased significantly. While the Group's land reserves are large and the project reserves are adequate. Mainly in Nanjing, Yangzhou, Nantong, Taixing, Siyang and other key cities in recent years, more successful entry into Guangdong, Hong Kong and Macao Bay area hot city such as Shenzhen, Macao. At the same time, the gross profit margin of the Company increased year by year, the return on total assets and the return on net assets increased year by year, and the operating net cash flow was at a better level of interest and liabilities.

Dagong International is China's credit rating and risk analysis of the professional bodies, the People's Bank of China and the State Economic and Trade Commission approved the establishment. As one of the most influential creators of China's credit rating industry and market, Dagong has all the qualifications of the Chinese government franchise, which is the authority of China to recognize credit rating for all enterprises issuing bonds. The Dagong International and Hong Kong International (Hong Kong) for the good source of the main international credit rating, the group's debt service environment, wealth creation, debt service and solvency made a comprehensive analysis and assessment to determine the company's domestic credit Grade [AA] level, and overseas credit rating of [B +] level, credit rating outlook for the stability, indicating that the ability to repay debt and wealth to create a strong, basically not affected by the adverse economic environment.

The Group believes that this rating is of great significance to enhance the Company's credit, not only to enhance the visibility of Jia Yuan International, but also greatly enhance the Group's overall credit, but also to enhance the Group's financing capacity in the capital market, further reduce financing costs, And will help the Group in the future stable development, continue to become bigger and stronger.