China Merchants Property Operation & Service Co.Ltd(001914) : appraisal report on the value of all equity assets of shareholders of Ganzhou AVIC Jiufang Commercial Co., Ltd. involved in the proposed equity transfer

China Merchants Property Operation & Service Co.Ltd(001914) : statement on the asset appraisal report on the value of all equity of shareholders of Ganzhou AVIC Jiufang Commercial Co., Ltd. involved in the proposed equity transfer (I) this asset appraisal report is prepared in accordance with the basic standards for asset appraisal issued by the Ministry of Finance and the asset appraisal practice standards and professional ethics standards issued by China Asset Appraisal Association. (II) the client or other users of the asset appraisal report shall use the asset appraisal report in accordance with the provisions of laws, administrative regulations and the scope of use specified in the asset appraisal report; If the client or other users of the asset appraisal report use the asset appraisal report in violation of the above provisions, the asset appraisal institution and its asset appraisal professionals shall not be liable