The assets appraisal report is prepared in accordance with China’s assets appraisal standards. The assets appraisal report on the value of all equity of shareholders of Fujian Yichun Agricultural Development Co., Ltd. involved in Shenzhen Kingsino Technology Co.Ltd(002548) proposed equity acquisition
Guo Zhong Lian Ping Bao Zi (2022) No. 3-0018
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Guozhonglian assets appraisal Land Real Estate Appraisal Co., Ltd. March 2, 2002, Shenzhen, China
catalogue
Declare that 1 (summary) 3 I. overview of the client, the appraised unit and other users of the appraisal report 5 II. Evaluation purpose 16 III. appraisal object and scope 16 IV. value type and its definition V. benchmark date of appraisal 20 VI. evaluation basis 20 VII. Evaluation method 22 VIII. Implementation process and situation of the evaluation procedure 29 IX. appraisal assumptions X. appraisal conclusion 35 Xi. Description of special matters 35 XII. Description of restrictions on the use of the appraisal report 36 XIII. Appraisal report date 37 annex to the evaluation report thirty-eight
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 asset appraisal professionals shall not be liable.
3、 This asset appraisal report is only for the use of the client, other users of asset appraisal reports agreed in the asset appraisal entrustment contract and users of asset appraisal reports stipulated by laws and administrative regulations; In addition, no other institution or individual can become the user of this asset appraisal report.
4、 The asset appraisal institution and asset appraisal professionals remind the users of the asset appraisal report that they should 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.
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 appraisers 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.
7、 The declared appraisal information, business data and information in the asset appraisal details involved in the appraisal object and its corresponding appraisal scope The financial report, materials and other important materials shall be declared or provided by the client or relevant parties (including the property right holder or actual controller of the appraisal object, the appraised unit, the affiliated parties of the appraised unit and their managers or relevant employees) and confirmed by signature, seal or other means permitted by law; Relevant parties shall be responsible for the authenticity, integrity, legality and effectiveness of the materials provided by them according to law.
8、 The assets appraisal institution and appraiser have no existing or expected interest relationship with the appraisal object in the assets appraisal report; There is no existing or expected interest relationship with the relevant parties, and there is no prejudice against the relevant parties.
9、 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 of issuing the asset appraisal report.
10、 Without the written consent of the company, the contents of the assets appraisal report may not be extracted, quoted or disclosed to the public media, unless otherwise stipulated in laws, administrative regulations and the assets appraisal entrustment contract.
Shenzhen Kingsino Technology Co.Ltd(002548) proposed equity acquisition
Fujian Yichun Agricultural Development Co., Ltd
Total equity value of shareholders
(summary)
Guo Zhong Lian Ping Bao Zi (2022) No. 3-0018
Important tips
The following contents are extracted from the asset appraisal report. To understand the overall situation of the appraisal project, you should carefully read the full text of the asset appraisal report. The use of this abstract alone may lead to misunderstanding or misuse of the evaluation conclusion.
Guozhonglian assets appraisal Land Real Estate Appraisal Co., Ltd. accepts the entrustment of Shenzhen Kingsino Technology Co.Ltd(002548) and adopts the market method and income method in accordance with relevant laws and regulations, asset appraisal standards and asset appraisal principles and necessary appraisal procedures, The market value of all shareholders’ equity of Fujian Yichun Agricultural Development Co., Ltd. involved in Shenzhen Kingsino Technology Co.Ltd(002548) planned equity acquisition was evaluated on September 30, 2021. The assets appraisal is reported as follows.
1、 Client and appraised unit
Client: Shenzhen Kingsino Technology Co.Ltd(002548)
Appraised unit: Fujian Yichun Agricultural Development Co., Ltd
2、 Evaluation purpose
Shenzhen Kingsino Technology Co.Ltd(002548) plans to conduct equity acquisition, and entrusts the company to evaluate the value of all shareholders’ equity of Fujian Yichun Agricultural Development Co., Ltd., so as to provide value reference basis for this economic behavior.
3、 Evaluation object and scope
The object of this appraisal is all the shareholders’ equity of Fujian Yichun Agricultural Development Co., Ltd. involved in the proposed equity acquisition of Shenzhen Kingsino Technology Co.Ltd(002548) on the benchmark date.
The carrying amount of all shareholders’ equity is 403877200 yuan, without pledge, freezing and other circumstances.
The specific appraisal scope covers all the assets and related liabilities of Fujian Yichun Agricultural Development Co., Ltd. under the consolidated criteria on the benchmark date, including the book value of total assets of 801657300 yuan, the book value of total liabilities of 397780100 yuan and the book value of owner’s equity of 403877200 yuan. Before the evaluation, the book value has been audited by Xiamen Tianmao certified public accountants Co., Ltd. and an unqualified audit report of Xiamen Tianmao (2022) Shen Zi No. s039 has been issued.
The appraised entity promises that the specific appraisal object and scope are consistent with the object and scope involved in the economic behavior, without repetition or omission, and the details shall be subject to the asset appraisal declaration form provided by the appraised entity.
4、 Appraisal base date
The benchmark date of assets appraisal of the project is September 30, 2021. The benchmark date of the appraisal is determined by the client. The reason for the determination is that the benchmark date of the appraisal is relatively close to the date of realization of the appraisal purpose. This appraisal takes the effective price standard on the benchmark date as the pricing standard.
5、 Evaluation procedure implementation process and situation
In accordance with the provisions of relevant national departments on asset appraisal and the general principles of accounting, and in accordance with the asset appraisal entrustment contract signed between our company and Shenzhen Kingsino Technology Co.Ltd(002548) company, our appraisers have verified and reviewed the legal documents, accounting records and relevant materials provided by the appraised unit, and conducted on-site observation and verification of the assets, We have obtained relevant property right certificates, conducted necessary market research and comparison of transaction prices, as well as other asset appraisal procedures that we think it necessary to implement.
6、 Evaluation method
This appraisal adopts the market method and income method.
7、 Value type
The value type of this appraisal is market value.
8、 Evaluation conclusion
This appraisal mainly adopts the market method and income method. The asset appraiser finally selects the market method after the rationality analysis. The appraisal conclusions are as follows:
Shenzhen Kingsino Technology Co.Ltd(002548) the total equity value of the shareholders of Fujian Yichun Agricultural Development Co., Ltd. involved in the equity acquisition is 5563957 million yuan, and the amount in words is five hundred and fifty-six million three hundred and ninety-five thousand seven hundred yuan only.
When using the evaluation conclusion of this report, users of the report should pay attention to the impact of the Eleventh “special notes” in the main body of this report on the evaluation conclusion; And pay attention to the appraisal assumptions and preconditions for the establishment of the appraisal conclusion.
According to the current regulations on asset appraisal, the validity period of this appraisal report is one year, calculated from the benchmark date. If it is more than one year, it is necessary to re evaluate the assets.
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Shenzhen Kingsino Technology Co.Ltd(002548) proposed equity acquisition
Fujian Yichun Agricultural Development Co., Ltd
Total equity value of shareholders
Guo Zhong Lian Ping Bao Zi (2022) No. 3-0018
Shenzhen Kingsino Technology Co.Ltd(002548) ：
Guozhonglian assets appraisal Land Real Estate Appraisal Co., Ltd. accepts the entrustment of Shenzhen Kingsino Technology Co.Ltd(002548) and adopts the market method and income method in accordance with relevant laws and regulations, asset appraisal standards and asset appraisal principles and necessary appraisal procedures, The market value of all shareholders’ equity of Fujian Yichun Agricultural Development Co., Ltd. involved in Shenzhen Kingsino Technology Co.Ltd(002548) planned equity acquisition was evaluated on September 30, 2021. The assets appraisal is reported as follows.
1、 Overview of the appraiser, the appraiser and other users of the appraisal report
(I) overview of the client
Enterprise name: Shenzhen Kingsino Technology Co.Ltd(002548)
Address: Shenzhen Kingsino Technology Co.Ltd(002548) building, No. 18, photoelectric North Road, Guangming Street, Guangming New District, Shenzhen
Legal representative: Hao Lihua
Registered capital: RMB 690728567
Company type: joint stock limited company (listed)
Operating period: November 6, 1999 to January 1, 5000
Unified social credit Code: 91440 Jiangsu Canlon Building Materials Co.Ltd(300715) 245167q
Business scope: general business items: research and development of biotechnology and biomedicine; Internet information technology development and technical services; Provide office services, technical services and achievement transfer for science and technology enterprises; Animal husbandry, marketing and technical services; Operate import and export business; Rental of self owned houses; Parking service. (except for the items that must be approved according to law, the business activities shall be carried out independently according to law with the business license). The licensed business items are: food processing; Producing and selling biological medicine and biological products; Production and sales of animal husbandry equipment; Production and sales of compound feed, concentrated feed and additive premixed feed; Trade in feed raw materials; Grain purchase and processing. Food and Beverages; estate management. (for projects that must be approved according to law, business activities can be carried out only with the approval of relevant departments. The specific business projects shall be subject to the approval documents or licenses of relevant departments).
(II) overview of the appraised unit
1. Overview
Enterprise name: Fujian Yichun Agricultural Development Co., Ltd. (hereinafter referred to as “Yichun agriculture”)
Address: floor 14, building right, No. 65, Xixi Road, Sihe street, Yanping District, Nanping City
Legal representative: Yu Zhenqi
Registered capital: RMB 187.74 million
Economic nature: limited liability company (invested or controlled by natural person)
Operating period: June 12, 1997 to June 11, 2027
Unified social credit Code: 91350700705273981e
Business scope: pig sales; Freshwater aquaculture and sales; Landscaping; Planting of flowers, fruits and vegetables, edible fungi and tea; Sales of flowers, fruits and vegetables and edible fungi; Agricultural technology development and advisory services. Breeding and sales of Duroc, Landrace and Yorkshire pigs; Sale of binary hybrid sows and commercial pig seedlings; Pig feeding; (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
2. Company profile and historical evolution:
2.1 company profile
Founded in 1997, Yichun agriculture is a private animal husbandry enterprise with core industries such as breeding pigs and pig breeding. Yichun agriculture is recognized by the Ministry of agriculture as the national pig core breeding farm, science and technology demonstration base and pig standardization demonstration farm; It was awarded the academician expert workstation of Fujian Province and the provincial key leading enterprise of agricultural industrialization in Fujian Province; It has been rated as a super large pig breeding enterprise in Fujian Province for three consecutive years; The product has passed the pollution-free Shenzhen Agricultural Products Group Co.Ltd(000061) certification.
2.2 historical evolution
Yichun agriculture is Nanping Yichun Animal Husbandry Development Co., Ltd. (later changed to Fujian Yichun Agricultural Development Co., Ltd.) jointly funded and established by Yu Zhenqi, Wu Fengjiao and Liu Qiang. It obtained the business license of enterprise legal person No. 3507001 Shenzhen Sdg Information Co.Ltd(000070) 21 issued by Nanping Administration for Industry and Commerce of Fujian Province on June 12, 1997. When the company was established, the registered capital was 500000 yuan, of which Yu Zhenqi contributed 300000 yuan, accounting for 60.00% of the registered capital; Wu Fengjiao contributed 150000 yuan, accounting for 30.00% of the registered capital; Liu Qiang invested 50000 yuan, accounting for 10.00% of the registered capital. The above-mentioned capital contribution is approved by Yanping, Nanping City
