The assets appraisal report is prepared in accordance with China’s assets appraisal standards. The appraisal project of all shareholders’ equity of Xingmin Intelligent Transportation Systems (Group) Co.Ltd(002355) (Group) Co., Ltd. involved in the management acquisition project of Xingmin Intelligent Transportation Systems (Group) Co.Ltd(002355) (Group) Co., Ltd
Asset appraisal report
Zlpbz [2021] No. 430
Zhonglian asset appraisal group (Zhejiang) Co., Ltd
December 22, 2001
catalogue
Declare that 1 Summary 3 I. the client, the appraised unit and other users of the appraisal report 5 II. Evaluation purpose 29 III. appraisal object and scope 30 IV. value type and its definition V. benchmark date of appraisal 36 VI. evaluation basis 37 VII. Evaluation method 42 VIII. Implementation process and situation of the evaluation procedure 61 IX. appraisal assumptions X. appraisal conclusion 65 Xi. Description of special matters 68 XII. Description of restrictions on the use of the appraisal report 74 XIII. Appraisal report date 75 list of accessories 77 Zhonglian asset appraisal group (Zhejiang) Co., Ltd
Asset appraisal report of all shareholders’ equity appraisal project
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.
The asset appraisal report is only for the use of the client, other users of the asset appraisal report agreed in the asset appraisal entrustment contract and users of the asset appraisal report specified by laws and administrative regulations; In addition, no other institution or individual can become the user of the asset appraisal report.
The assets appraisal institution and appraisers remind the users of the assets appraisal report to correctly understand and use the appraisal conclusion. The appraisal conclusion is not equal to the realizable price of the appraisal object, and the appraisal conclusion should not be considered as a guarantee for the realizable price of the appraisal object.
3、 The authenticity, legality and integrity of the materials provided by the client and other relevant parties are the premise for the effectiveness of the appraisal conclusion. The list of assets and liabilities included in the scope of appraisal, as well as the predictive financial information, ownership certificate and other materials required for the appraisal have been declared by the client and the appraised unit and confirmed by sealing or other means.
4、 There is no existing or expected interest relationship between the asset appraisal institution and the asset appraiser and the appraisal object in the asset appraisal report; There is no existing or expected interest relationship with the relevant parties, and there is no prejudice against the relevant parties.
5、 The asset appraiser has conducted on-site investigation on the appraisal object and the assets involved in the asset appraisal report; Necessary attention has been paid to the legal ownership of the appraisal object and the assets involved, the legal ownership data of the appraisal object and the assets involved have been checked, the problems found have been truthfully disclosed, and the client and other relevant parties have been submitted
Zoomlion asset appraisal group (Zhejiang) Co., Ltd. page 1
Asset appraisal report of all shareholders’ equity appraisal project
The parties improve the property rights to meet the requirements for issuing the asset appraisal report.
6、 The analysis, judgment and results in the asset appraisal report issued by the asset appraisal institution are limited by the assumptions and restrictions in the asset appraisal report. The user of the asset appraisal report shall fully consider the assumptions, restrictions and special matters stated in the asset appraisal report and their impact on the appraisal conclusion.
7、 The assets appraisal institution and appraisers abide by laws, administrative regulations and assets appraisal standards, adhere to the principles of independence, objectivity and impartiality, and bear responsibility for the assets appraisal report issued according to law
