Core Points - The company, Suzhou Keda Technology Co., Ltd., has had its credit ratings downgraded from "A" to "A-" for both its corporate and convertible bonds, with a negative outlook maintained [1][2] - The credit rating agency responsible for this assessment is Zhongzheng Pengyuan Credit Rating Co., Ltd., which conducted a follow-up credit rating for the company's convertible bonds issued on March 9, 2020 [1][2] Rating Summary - Previous corporate credit rating was "A" and the previous rating for Keda Convertible Bonds was also "A", with a negative outlook noted [2] - The current ratings reflect a downgrade to "A-" for both the corporate entity and the convertible bonds, while the negative outlook remains unchanged [2]

Core Points - The company, Shanghai Rongtai Health Technology Co., Ltd., has maintained its credit rating of "AA-" for both its corporate and convertible bonds, with a stable outlook [1][2] - The tracking rating was conducted by Shanghai New Century Credit Rating Co., Ltd., based on a comprehensive analysis of the company's operational status and related industry [2] Group 1 - Previous bond rating was "AA-", with a stable outlook [1] - Current bond rating remains "AA-", with a stable outlook [2] - The tracking rating report was issued on June 23, 2025, and is available on the Shanghai Stock Exchange website [2]

Core Points - The company, Hongfa Technology Co., Ltd., has maintained its credit rating for its convertible bonds and corporate entity at "AA" with a stable outlook [1][2] - The previous rating results were also "AA" for both the corporate entity and the convertible bonds, indicating no change in the creditworthiness assessment [1][2] Summary by Sections - **Rating Results** - The current credit rating for Hongfa Technology Co., Ltd. is "AA" for both the corporate entity and the convertible bonds, with a stable outlook [1][2] - The rating agency, Shanghai New Century, conducted a comprehensive analysis of the company's operational status and industry conditions before issuing the report [2] - **Previous Ratings** - The previous ratings were also "AA" for both the corporate entity and the convertible bonds, with a stable outlook, showing consistency in the company's credit profile [1][2] - **Rating Agency** - The credit rating was conducted by Shanghai New Century Credit Rating Agency, with the latest report dated May 23, 2025 [2]