The assets appraisal report is prepared in accordance with China's assets appraisal standards
Proposed acquisition of equity of Jinzhou Kangtai lubricating oil additives Co., Ltd
Assets appraisal report involving the total equity value of shareholders of Jinzhou Kangtai lubricating oil additives Co., Ltd
Walkson international pingbao Zi (2021) No. 2341
(Volume I of two volumes)
Walkson (Beijing) International Assets Appraisal Co., Ltd
February 25, 2002
catalogue
Asset appraisal report · statement 2. Asset appraisal report · summary 3. Asset appraisal report · text five
1、 The client, the appraised entity and other users of the asset appraisal report five
2、 Evaluation purpose twenty-nine
3、 Evaluation object and scope twenty-nine
4、 Value type thirty-three
5、 Appraisal base date thirty-three
6、 Evaluation basis thirty-four
7、 Evaluation method thirty-six
8、 Evaluation procedure implementation process and situation forty-six
9、 Assessment assumptions forty-eight
10、 Assessment conclusion fifty
11、 Special notes fifty-three
12、 Description of restrictions on the use of evaluation report sixty-five
13、 Evaluation report date 65. Asset appraisal report · annex i
Walkson (Beijing) International Assets Appraisal Co., Ltd. Tel: (8610) 52596085 Fax: (8610) 88019300 address: 1, floor 3, building 8, foreign culture and creativity Park, Haidian District, Beijing (100044)
Asset appraisal report and statement
1、 The assets appraisal report is prepared in accordance with the basic standards for assets appraisal issued by the Ministry of Finance and the asset appraisal practice standards and professional ethics standards issued by China Assets Appraisal Association.
2、 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.
3、 The asset appraisal report can only be used by the client, other users of the asset appraisal report agreed in the asset appraisal entrustment contract and users of the asset appraisal report stipulated by laws and administrative regulations; In addition, no other institution or individual can become the user of the asset appraisal report.
4、 The user of the asset appraisal report shall correctly understand the appraisal conclusion. The appraisal conclusion is not equal to the realizable price of the appraisal object, and the appraisal conclusion shall not be regarded as a guarantee for the realizable price of the appraisal object.
5、 The user of the asset appraisal report shall pay attention to the assumptions for the establishment of the appraisal conclusion, the description of special matters in the asset appraisal report and the use restrictions.
6、 The asset appraisal institution and its asset appraisal professionals shall abide by laws, administrative regulations and asset appraisal standards, adhere to the principles of independence, objectivity and impartiality, and be responsible for the asset appraisal report issued according to law.
Walkson (Beijing) International Assets Appraisal Co., Ltd. Tel.: (8610) 52596085 Fax: (8610) 88019300 address: 2 / F (100044), building 8, foreign culture and creativity Park, Haidian District, Beijing
The proposed acquisition of the equity of Jinzhou Kangtai Lubricating Oil Additive Co., Ltd. involves the asset appraisal report · summary of the total equity value of the shareholders of Jinzhou Kangtai Lubricating Oil Additive Co., Ltd
Walkson international pingbao Zi (2021) No. 2341
Upon the entrustment of your company, walkson (Beijing) International Assets Appraisal Co., Ltd. adheres to the principles of independence, objectivity and impartiality, adopts the asset-based method and income method, and follows the necessary appraisal procedures in accordance with the provisions of laws, administrative regulations and asset appraisal standards, The market value of all shareholders' equity of Kangtai shares involved in Rianlon Corporation(300596) planned acquisition of equity economic behavior of Jinzhou Kangtai lubricating oil additives Co., Ltd. (hereinafter referred to as "Kangtai shares") on June 30, 2021 was evaluated. The assets appraisal and appraisal results are summarized as follows:
1、 Evaluation purpose
Rianlon Corporation(300596) plans to acquire the equity of Kangtai shares. The economic behavior has been approved by the 18th meeting of the third board of directors of Tianjin Rianlon Corporation(300596) new materials Co., Ltd. in 2020.
2、 Evaluation object and scope
The assets appraisal object is the total equity value of shareholders of Kangtai shares involved in Rianlon Corporation(300596) proposed acquisition of Kangtai shares; The appraisal scope covers all assets and related liabilities declared by Kangtai shares on the benchmark date for the purpose of economic behavior.
The financial statements on the benchmark date of Kangtai shares have been audited by Tianzhi Certified Public Accountants (special general partnership) and issued the audit report of Tian Ye Zi [2021] No. 36917.
3、 Value type
Market value.
4、 Appraisal base date
June 30, 2021.
5、 Evaluation method
Address: 3 / F (100044), building 8, foreign culture and creativity Park, Haidian District, Beijing
Asset based method and income method.
6、 Evaluation conclusion and validity period
As of the benchmark date of June 30, 2021, the book value of the owner's equity of Kangtai shares included in the appraisal scope is 2303783 million yuan, and the book value of the owner's equity of the consolidated standard is 3105612 million yuan.
On the premise of maintaining the current purpose of continuous operation, the assessed value of all shareholders' equity is 642.3 million yuan, which is 4119217 million yuan higher than the book value of owner's equity of the parent company, with a value-added rate of 178.80%; Compared with the book value of owner's equity under the consolidated standard, it increased by 3317388 million yuan, with an appreciation rate of 106.82%.
When using the appraisal conclusion, users of the report are specially reminded to pay attention to the special matters specified in the report and major matters in the future.
The appraisal report is valid for one year from the benchmark date of June 30, 2021 to June 29, 2022. In addition to the special matters disclosed in this report, after the benchmark date and within the validity period of use, when economic behavior occurs, if the development environment of the enterprise has not changed significantly, the evaluation conclusion is valid within the validity period of use.
The above contents are extracted from the main body of the appraisal report. To understand the details of the appraisal project and correctly understand the appraisal conclusion, you should read the main body of the appraisal report.
Address: 4 / F (100044), building 8, foreign culture and creativity Park, Haidian District, Beijing
Rianlon Corporation(300596)
The proposed acquisition of equity of Jinzhou Kangtai lubricating oil additives Co., Ltd. involves the appraisal report on the value of all equity assets of shareholders of Jinzhou Kangtai lubricating oil additives Co., Ltd
Walkson international pingbao Zi (2021) No. 2341
Rianlon Corporation(300596) ：
Upon the entrustment of your company, walkson (Beijing) International Assets Appraisal Co., Ltd. adheres to the principles of independence, objectivity and impartiality, adopts the asset-based method and income method, and follows the necessary appraisal procedures in accordance with the provisions of laws, administrative regulations and asset appraisal standards, The market value of all shareholders' equity of Kangtai shares involved in the economic behavior of Rianlon Corporation(300596) planning to acquire the equity of Kangtai shares was evaluated on June 30, 2021. The assets appraisal is reported as follows:
1、 The client, the appraised entity and other users of the asset appraisal report
(I) client
Company name: Rianlon Corporation(300596)
Legal address: No. 6, Huangshan Road, Hangu modern industrial zone, Tianjin Economic and Technological Development Zone
Place of business: floor 20, block F, No. 20, Kaihua Road, Huayuan Industrial Zone, Nankai District, Tianjin
Legal representative: Li Haiping
Registered capital: RMB 2050104 million
Business scope: general items: production of chemical products (excluding licensed chemical products); Sales of chemical products (excluding licensed chemical products); Manufacturing of special chemical products (excluding hazardous chemicals); Sales of special chemical products (excluding hazardous chemicals); Manufacturing of synthetic materials (excluding hazardous chemicals); Sales of synthetic materials; Sales of new catalytic materials and additives; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Industrial engineering design services; Research and development of new material technology; Engineering and technical research and test
Walkson (Beijing) International Assets Appraisal Co., Ltd. Tel.: (8610) 52596085 Fax: (8610) 88019300 exhibition. (except for the projects subject to approval according to law, the business activities shall be carried out independently according to law with the business license) licensed project: production of hazardous chemicals. (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business projects shall be subject to the approval documents or licenses of relevant departments) (no investment in the fields prohibited by foreign investment in the negative list of foreign investment access)
(II) appraised unit
The appraisal object of the assets appraisal report is all the shareholders' rights and interests of Kangtai shares involved in Rianlon Corporation(300596) proposed acquisition of Kangtai shares.
[overview of the appraised company]
1. Company registration items
Name: Jinzhou Kangtai Lubricating Oil Additive Co., Ltd
Legal address: No. 2-2, Section 1, Changjiang street, Jinzhou City, Liaoning Province
Place of business: No. 25, Fuzhou Street, Jinzhou City, Liaoning Province
Legal representative: Yu Bacon
Registered capital: 54.69 million yuan
Business scope: licensed items: production of hazardous chemicals, import and export of goods, import and export of Technology (items subject to approval according to law can only be carried out after being approved by relevant departments, and the specific business items shall be subject to the approval results) general items: manufacturing of special chemical products (excluding hazardous chemicals), sales of special chemical products (excluding hazardous chemicals), technical services Technology development, technology consultation, technology exchange, technology transfer, technology promotion, non residential real estate leasing (except for projects subject to approval according to law, carry out business activities independently according to law with business license)
2. Historical evolution
Jinzhou Kangtai Lubricating Oil Additive Co., Ltd. (hereinafter referred to as "Kangtai Co., Ltd") is jointly invested and established by natural persons Han Qian, Yu bacon, Zhao Xilin, Zhao Tiejun and Zhang Zhenhua, with a registered capital of 1 million yuan, of which Han Qian contributed 400000 yuan in currency, accounting for 40% of the registered capital, and Yu bacon contributed 400000 yuan in currency, accounting for 40% of the registered capital, Zhao Xilin contributed 100000 yuan in currency, accounting for 10% of the registered capital, Zhao Tiejun contributed 50000 yuan in currency, accounting for 5% of the registered capital, and Zhang Zhenhua contributed 50000 yuan in currency, accounting for 5% of the registered capital. Yu bacon served as the executive director and legal representative of Kangtai Co., Ltd.
Walkson (Beijing) International Assets Appraisal Co., Ltd. Tel.: (8610) 52596085 Fax: (8610) 88019300
On May 13, 1998, Jinzhou Bohai certified public accountants Co., Ltd. verified the above capital contribution and issued the capital verification report "Jin Bo Hui Shi Yan Zi [1998] No. 106". It was verified that as of May 8, 1998, the company had received the capital invested by shareholders of 1 million yuan.
On May 18, 1998, Han Qian, Yu bacon, Zhao Xilin, Zhao Tiejun and Zhang Zhenhua jointly signed the articles of association of Jinzhou Kangtai lubricating oil additives Co., Ltd.
On May 27, 1998, Kangtai Co., Ltd. was established with the approval of Jinzhou Administration for Industry and commerce, and obtained the business license of enterprise legal person with the registration number of 2107032160013, with a registered capital of 1 million yuan. The shareholding structure of the company at the time of establishment is as follows:
