The assets appraisal report is prepared in accordance with China’s assets appraisal standards
Shenzhen Guomao Property Management Co., Ltd
It is proposed to acquire the equity of Shenzhen Property Management Co., Ltd
Items involving the value of all shareholders’ equity of the company
assets valuation statement
Tian Xing Ping Bao Zi (2021) No. 1993
(Volume 1 of 1)
Beijing Tianjian Xingye Assets Appraisal Co., Ltd
PAN-CHINA ASSETS APPRAISAL CO ., LTD
December 23, 2021
catalogue
catalogue
Declare that one
Summary of asset appraisal report two
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 eleven
4、 Value type twelve
5、 Appraisal base date twelve
6、 Evaluation basis twelve
7、 Evaluation method fifteen
8、 Evaluation procedure implementation process and situation twenty-two
9、 Assessment assumptions twenty-four
10、 Evaluation conclusion twenty-six
11、 Special notes twenty-eight
12、 Description of restrictions on the use of the asset appraisal report thirty-one
13、 Asset appraisal report date thirty-two
Annex to the assets appraisal report thirty-four
Page 1 of the assets appraisal report of the proposed acquisition of Shenzhen property equity by Guomao property
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.
Page 2 of assets appraisal report of Shenzhen property equity project to be acquired by Guomao property
Shenzhen Guomao Property Management Co., Ltd
It is proposed to acquire the equity of Shenzhen Property Management Co., Ltd
Items involving the value of all shareholders’ equity of the company
Summary of assets appraisal report
Tian Xing Ping Bao Zi (2021) No. 1993
Beijing Tianjian Xingye Assets Appraisal Co., Ltd. has accepted the entrustment of Shenzhen Guomao Property Management Co., Ltd. in accordance with the provisions of relevant laws, administrative regulations and asset appraisal standards, adheres to the principles of independence, objectivity and impartiality, adopts the asset base method and income method, and follows the necessary appraisal procedures, The market value of all shareholders’ equity of Shenzhen Property Management Co., Ltd. involved in the planned acquisition of equity of Shenzhen Property Management Co., Ltd. by Shenzhen Guomao Property Management Co., Ltd. on June 30, 2021 was evaluated. The assets appraisal is reported as follows.
1、 Purpose of appraisal: according to the reply documents of Shenzhen property [2021] No. 398 and Shenzhen Investment Control [2021] No. 678, Shenzhen Guomao Property Management Co., Ltd. plans to acquire 100% of the total equity of Shenzhen Property Management Co., Ltd. held by Shenzhen Special Economic Zone Real Estate (Group) Co., Ltd. and Shenzhen Shenfang Investment Co., Ltd. It is necessary to evaluate the value of all shareholders’ equity of Shenzhen Property Management Co., Ltd. to provide value reference for this economic behavior.
2、 Appraisal object: the value of all shareholders’ equity of Shenzhen Property Management Co., Ltd. on the benchmark date.
3、 Appraisal scope: the overall assets of Shenzhen Property Management Co., Ltd., including all assets and related liabilities.
4、 Value type: market value.
5、 Benchmark date: June 30, 2021.
6、 Appraisal methods: asset based method and income method.
7、 Assessment conclusion:
In this appraisal, the appraisers adopted the asset-based method and the income method to evaluate the appraisal object respectively. After analysis, the appraisal result of the asset-based method was finally selected as the appraisal conclusion.
On the benchmark date, the book value of the total assets of Shenzhen property is 101.5286 million yuan and the book value of liabilities is
68.9781 million yuan, and the book value of net assets is 32.5505 million yuan.
Under the assumption of continuous operation, through the asset-based method, the total asset appraisal value of Shenzhen property is 265654800 yuan, the liability appraisal value is 68978100 yuan, the net asset appraisal value is 19667700 yuan, the added value is 164.1262 million yuan, and the added value rate is 504.22%.
Summary of appraisal results of asset based method
Unit: 10000 yuan
Project name book value appraisal value increment rate%
Current assets 9403.219403.21–
Non current assets 749.6517162.2716412.622189.37
Including: long-term equity investment of 350.00485 million yuan 98135.9838. eighty-five
Investment real estate 154.236552.246398.014148.24
Fixed assets 230.9210106.569875.644276.73
Intangible assets -2.992 99-
Others 14.5014 50–
Total assets: 10152.8626565.4816412.62161 sixty-six
Current liabilities 5418.085418.08–
Non current liabilities 1479.73 1479.73–
Total liabilities 6897.816897.81–
Net assets (owner’s equity) 3255.0519667.6716412.62504.22
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 decision of the transaction price made by the transaction parties.
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, from the benchmark date of June 30, 2021 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.
Page 4 of assets appraisal report of Shenzhen property equity project to be acquired by Guomao property
Shenzhen Guomao Property Management Co., Ltd
It is proposed to acquire the equity of Shenzhen Property Management Co., Ltd
Items involving the value of all shareholders’ equity of the company
assets valuation statement
Tian Xing Ping Bao Zi (2021) No. 1993
Shenzhen Guomao Property Management 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 income 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 Guomao Property Management Co., Ltd. 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
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: 20 million yuan
Company type: limited liability company (sole proprietorship of legal person)
Date of establishment: August 1987
