Hong Kong, China, March 10, 2025 – CSPI Ratings is delighted to announce that it has been awarded the “Public Finance Rating Agency of The Year (2024) - China” at the “AAA 2024
Credit Rating Agency Awards” organized by the internationally renowned financial publication The Asset.

This prestigious award marks the fourth consecutive year that CSPI Ratings has received this significant honor, reflecting the high recognition it has earned within the international
capital markets.

The Asset’s “AAA” awards represent the highest honors across various sectors of the international capital markets. As a diversified international financial media platform with the
widest audience of Asian issuers and global institutional investors, The Asset applies the most rigorous standards in its award selection process. 

The “AAA” awards are determined by The Asset’s international editorial board, which boasts 26 years of experience, and are supported by market research conducted by Asset
Benchmark Research, a highly authoritative institution in data-driven opinion analysis. The “AAA” awards incorporate feedback from issuers, investors, and capital market
intermediaries, underscoring the strength of credit rating agencies in providing insights into the credit quality of corporates, financial institutions, and sovereign entities.

About CSPI Ratings

CSPI Ratings (CSPI Credit Ratings Limited) is a global credit rating agency based in Hong Kong. Since obtaining its license from the Hong Kong Securities and Futures Commission
in 2012, CSPI Ratings has been dedicated to delivering global-grade credit analysis with an emerging markets perspective. Through comprehensive credit ratings and original research,
CSPI Ratings provides international investors with reliable professional insights, empowering them to make informed decisions in complex and dynamic capital markets.

As a member of the China Securities Credit Group, CSPI Ratings benefits from a robust credit service network established by 35 leading Chinese financial institutions.
Furthermore, as the international arm of China’s leading credit rating agency, CSCI Pengyuan, CSPI Ratings integrates local expertise with international standards,
building a bridge of trust for global investors across markets.