Press Releases

Dionics Announces Receipt of AAA Credit Rating

SHANGRAO CITY, Jiangxi Province, China--(BUSINESS WIRE)-- Dionics, Inc. (the Company) announced today that, its wholly-owned subsidiary, Shangrao Baihuazhou Green Resources Agricultural Technology Development Co., Ltd. (Baihuazhou), a leading gardening and full-scale landscaping services provider in Shangrao City, Jiangxi Province, China, was named a “AAA China Gardening and Landscaping Credit Enterprise” by the China Engineering Construction Industry Association and the Beijing State-Credit Joint Credit Management Co., Ltd.

Gardening and Landscaping Credit ratings sponsored by the Ministry of Housing and Urban-Rural Development and the State Forestry Administration of the PRC, are granted only to companies in the gardening and landscaping design, construction, and gardening materials industries. Each eligible company is classified in one of 9 ratings in 3 categories, as AAA, AA, A, BBB, BB, B, CCC, CC, and C; with AAA being the highest rating awarded to any company. Each rating is generally effective for a period of two years, subject to termination if an enterprise commits certain transgressions on two occasions during the two year period.

An enterprise’s credit rating is a significant consideration in the evaluation of competing bids by government agencies. Achieving the highest rating should give Baihuazhou an advantage when bidding for government work against lower rated companies. There are more than 16,000 gardening and landscaping enterprises in China. Only approximately 600 companies are rated AAA nationwide. Of these, 6 are located in Jiangxi Province.

“We received this award as a result of our excellent credit achievement” commented Xiaoling Li, the Chairwoman of Baihuazhou. Ms. Li noted further that “Receiving this award will definitely enhance our competitive advantage in the gardening and landscaping construction industry, and further improve our brand awareness and image, providing a solid base for our future business expansion in China.”

Edward Lu, 86 793 8070319

Source: Baihuazhou