Shenzhen Guomao Property Management Co., Ltd
It is proposed to acquire the equity of Shenzhen shenfubao Property Development Co., Ltd
Items involving the value of all shareholders’ equity of the company
assets valuation statement
Tianxing pingbao Zi (2021) No. 2224
(Volume 1 of 1)
Beijing Tianjian Xingye Assets Appraisal Co., Ltd
PAN-CHINA ASSETS APPRAISAL CO ., LTD
December 23, 2021
catalogue
catalogue
Declare that 1. Summary of asset appraisal report 2. Asset appraisal report I. overview of the client, the appraised unit and other users of the appraisal report agreed in the appraisal entrustment contract four
2、 Evaluation purpose ten
3、 Evaluation object and scope ten
4、 Value type eleven
5、 Appraisal base date eleven
6、 Evaluation basis eleven
7、 Evaluation method fourteen
8、 Evaluation procedure implementation process and situation nineteen
9、 Assessment assumptions twenty-one
10、 Evaluation conclusion twenty-two
11、 Special notes twenty-three
12、 Description of restrictions on the use of the asset appraisal report twenty-four
13、 Asset appraisal report date 25. Annex to the assets appraisal report twenty-seven
International trade property intends to acquire the equity of Shenzhen shenfubao Property Development Co., Ltd. page 1 of the asset appraisal report
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 the asset appraiser 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 agency and appraisers remind the users of the assets appraisal report to correctly understand 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 asset appraisal institution and appraisers abide by laws, administrative regulations and asset appraisal standards, adhere to the principles of independence, objectivity and impartiality, and bear responsibility for the asset appraisal report issued according to law.
4、 The list of assets and liabilities involved in the appraisal object shall be declared by the client and the appraised unit and confirmed by signature, seal or other methods permitted by law; The client and other relevant parties shall be responsible for the authenticity, integrity and legitimacy of the materials provided by them according to law.
5、 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.
6、 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 requested to improve the property rights to meet the requirements for issuing the asset appraisal report.
7、 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.
International trade property intends to acquire the equity of Shenzhen shenfubao Property Development Co., Ltd. page 2 of the asset appraisal report
Shenzhen Guomao Property Management Co., Ltd
It is proposed to acquire the equity of Shenzhen shenfubao Property Development Co., Ltd
Items involving the value of all shareholders’ equity of the company
Summary of assets appraisal report
Tianxing pingbao Zi (2021) No. 2224
Beijing Tianjian Xingye Assets Appraisal Co., Ltd. accepts Shenzhen Guomao Property Management Co., Ltd. (hereinafter referred to as “Guomao property”) and Shenzhen shenfubao (Group) Co., Ltd. (hereinafter referred to as “shenfubao group”) ）In accordance with the provisions of relevant laws, administrative regulations and asset appraisal standards, adhere to the principles of independence, objectivity and impartiality, adopt the asset-based method and follow the necessary appraisal procedures, Shenzhen shenfubao Property Development Co., Ltd. (hereinafter referred to as “shenfubao property”) is proposed to be acquired by Guomao property ）The market value of all shareholders’ equity involving shenfubao property on June 30, 2021 was evaluated. The assets appraisal is reported as follows. 1、 Appraisal purpose: according to the reply documents of Shenzhen Investment Control [2021] No. 676 and Shenzhen property [2021] No. 398, Shenzhen Guomao Property Management Co., Ltd. plans to acquire 100% equity of shenfubao property held by Shenzhen shenfubao (Group) Co., Ltd., so it is necessary to evaluate the value of all shareholders’ equity of shenfubao property, so as to provide value reference for this economic behavior.
2、 Appraisal object: the value of all shareholders’ equity of shenfubao property on the benchmark date.
3、 Appraisal scope: the overall assets of Shenzhen Fubao property, including all assets and related liabilities.
4、 Value type: market value.
5、 Benchmark date: June 30, 2021.
6、 Appraisal method: asset based method.
7、 Assessment conclusion:
On the benchmark date, the book value of the total assets of Shenzhen Fubao property is 55.7036 million yuan, the book value of liabilities is 31.0868 million yuan, and the book value of net assets is 24.6169 million yuan.
Under the assumption of going concern, through the asset-based assessment, the total asset assessment value of shenfubao property is 91.0289 million yuan, the liability assessment value is 31.0868 million yuan, the net asset assessment value is 59.9422 million yuan, the added value is 35.3253 million yuan, and the appreciation rate is 143.50%.
The evaluation summary is shown in the following table:
Summary of assets appraisal results
Unit: 10000 yuan
Project name book value appraisal value increase / decrease rate%
Current assets 5342.065342.06–
Non current assets 228.303760.833532.531547.34
Including: long-term equity investment—-
Investment real estate—-
Fixed assets 198.663731.193532.531778.19
Construction in progress—-
Intangible assets 29.6429 64–
Land use right—-
Other—-
Total assets 5570.369102.893532.5363 forty-two
Current liabilities 3012.67 3012.67–
Non current liabilities 96.0196 01–
Total liabilities 3108.683108.68–
Net assets 2461.695994.223532.53143 fifty
When using the appraisal conclusion of this report, report users should pay attention to the impact of the Eleventh “special notes” in the main body of this report on the appraisal conclusion; And pay attention to the appraisal assumptions and preconditions for the establishment of the appraisal conclusion.
We especially emphasize that the appraisal opinion is only used as the value reference basis for the client’s equity acquisition, and cannot replace the client’s decision on the transaction price.
This report and its conclusions are only used for the evaluation purpose set in this report and cannot be used for other purposes.
According to relevant national regulations, the validity period of the appraisal conclusion is 1 year, starting from the benchmark date of 2021
From June 30, to June 29, 2022.
The above contents are extracted from the main body of the appraisal report. In order to understand the overall situation of the appraisal project and reasonably understand the appraisal conclusion, the report users are requested to carefully read the full text of the appraisal report after obtaining the permission of the owner of the appraisal report, and pay attention to the description of special matters.
International trade property intends to acquire the equity of Shenzhen shenfubao Property Development Co., Ltd. page 4 of the asset appraisal report
Shenzhen Guomao Property Management Co., Ltd
It is proposed to acquire the equity of Shenzhen shenfubao Property Development Co., Ltd
Items involving the value of all shareholders’ equity of the company
assets valuation statement
Tianxing pingbao Zi (2021) No. 2224
Shenzhen Guomao Property Management Co., Ltd. and Shenzhen shenfubao (Group) Co., Ltd.:
Beijing Tianjian Xingye Assets Appraisal Co., Ltd. accepts the entrustment of your company, adheres to the principles of independence, objectivity and impartiality, adopts the asset-based method and follows the necessary appraisal procedures in accordance with the provisions of relevant laws, administrative regulations and asset appraisal standards, The market value of all shareholders’ equity of Shenzhen shenfubao Property Development Co., Ltd. involved in the planned acquisition of the equity of Shenzhen shenfubao Property Development Co., Ltd. by ITC property on June 30, 2021 was evaluated. The assets appraisal is reported as follows.
1、 Overview of the client, the appraised entity and other users of the appraisal report agreed in the appraisal entrustment contract
(i) Overview of the client
1. Overview of one of the clients
Company name: Shenzhen Guomao Property Management Co., Ltd. (hereinafter referred to as “Guomao property”)
Registered address: A-M, 5th floor, international trade commercial building, No. 3005, nanhu road, Luohu District, Shenzhen
Legal representative: Chen Hongji
Registered capital: 2
