The assets appraisal report is prepared in accordance with China’s assets appraisal standards
Total equity value of shareholders involved in the proposed equity transfer of Ya’an nanshuige Hotel Co., Ltd
assets valuation statement
United Zhonghe pingbao Zi (2021) No. 6242
Volume 1 of 1
(unified national code of China Assets Appraisal Association)
Fujian United Zhonghe assets appraisal Land Real Estate Appraisal Co., Ltd
November 29, 2001
catalogue
Declare that 1. Summary of asset appraisal report 3 I. the client, the appraised entity and other users of the asset appraisal report agreed in the asset appraisal entrustment contract 7 II. Appraisal purpose 18 IV. value type V. benchmark date of appraisal 20 VI. evaluation basis 20 VII. Evaluation method 23 VIII. Implementation process and situation of the evaluation procedure 37 IX. appraisal assumptions X. appraisal conclusion 40 Xi. Description of special matters 42 XII. Description of restrictions on the use of asset appraisal report XIII. Date of assets appraisal report 45 annex to the assets appraisal report 47 Fujian United Zhonghe assets appraisal Land Real Estate Appraisal Co., Ltd
Statement
1、 The assets appraisal report is prepared in accordance with the basic standards for assets appraisal issued by the Ministry of finance of the people’s Republic of China 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 according to law 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 signing asset appraiser shall not be liable.
3、 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 stipulated by national 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 analysis, judgment and results in the asset appraisal report issued by the asset appraisal institution are affected by the restrictions and special matters on the appraisal assumptions, restrictions and other aspects specified in the asset appraisal report. The user of the asset appraisal report shall pay full attention to the appraisal assumptions, restrictions and other aspects specified in the asset appraisal report Special matters, use restrictions and their impact on the appraisal conclusion, and use the asset appraisal report and its appraisal conclusion according to the asset status and market changes after the benchmark date within the valid service life of the appraisal report.
The appraisal conclusion of the assets appraisal report is the reference opinion on the market value of the appraisal object on the benchmark date for the appraisal purpose stated in the assets appraisal report on the premise that the existing use of the assets contained in the appraisal object remains unchanged and continues to operate, and on the premise of the external economic environment on the benchmark date, Therefore, the appraisal conclusion of the assets appraisal report is valid only on the premise that the assets included in the appraisal object remain unchanged for their existing purposes and continue to operate, and are still in the same or similar external economic environment as the appraisal base date. When the future economic environment and the business scope and business model of the appraised entity change greatly, resulting in the failure of the appraisal assumptions and restrictions stated in the asset appraisal report, the appraisal conclusion of the asset appraisal report will become invalid; In this case, the user of the asset appraisal report shall not use the asset appraisal report and its appraisal conclusion,
Fujian United Zhonghe assets appraisal Land Real Estate Appraisal Co., Ltd. page 1 of 47
You can re apply for evaluation. The consequences caused by improper use have nothing to do with the asset appraisal institution and the signing asset appraiser.
6、 In the process of carrying out the appraisal business, the appraisal institution and the asset appraisers have followed the relevant provisions of relevant laws, administrative regulations and asset appraisal standards, and adhered to the principles of independence, objectivity and impartiality. The appraisal institution is responsible for the asset appraisal report issued according to law.
7、 The list of assets and liabilities involved in the appraisal object shall be declared by the client and relevant parties and confirmed by signature, seal or other methods permitted by law; The client and relevant parties shall be responsible for the authenticity, legality and integrity of the materials provided by them according to law; The client and relevant parties shall be liable for the legal consequences caused by the false or untrue legal ownership materials, financial and accounting information or other relevant materials provided by the client and relevant parties and the failure of asset appraisal professionals to find them during the normal verification procedures.
8、 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.
9、 The asset appraisal professionals have conducted necessary on-site investigation on the appraisal object and the assets involved in the asset appraisal report; The legal ownership status and data of the appraisal object and the assets involved have been checked, and the defects of the property right data found have been truthfully disclosed, but it does not provide a guarantee for the legal ownership of the appraisal object. The client and relevant parties are hereby requested to improve the property right procedures to meet the requirements of economic behavior in the asset appraisal report.
10、 If there is a mantissa difference between the total amount of 10000 yuan and the total amount of detailed data in the asset appraisal report, it is caused by the rounding rule when rounding each detailed data by computer, and the summarized data shall prevail.
Fujian United Zhonghe assets appraisal Land Real Estate Appraisal Co., Ltd. page 2 of 47
Proposed equity transfer of Ya’an nanshuige Hotel Co., Ltd
Total equity value of shareholders involved
Summary of assets appraisal report
United Zhonghe pingbao Zi (2021) No. 6242
Chengdu Hi-Tech Development Co.Ltd(000628) ：
Fujian United Zhonghe assets appraisal Land Real Estate Appraisal Co., Ltd. has accepted the entrustment of your company, adhered to the principles of independence, objectivity and impartiality, adopted the asset-based method (cost method) and income method, and followed the necessary appraisal procedures in accordance with the relevant provisions of relevant laws, administrative regulations and asset appraisal standards, We have appraised the market value of all shareholders’ equity involved in the proposed equity transfer of Ya’an nanshuige Hotel Co., Ltd. on the benchmark date of September 30, 2021. The asset appraisal is summarized as follows:
1、 Evaluation purpose
As Ya’an nanshuige Hotel Co., Ltd. intends to transfer its equity, it is necessary to evaluate the market value of all shareholders’ rights and interests of Ya’an nanshuige Hotel Co., Ltd. on the benchmark date.
2、 Evaluation object and scope
The object of this appraisal is the market value of all shareholders’ equity of Ya’an nanshuige Hotel Co., Ltd. on the benchmark date of September 30, 2021.
The scope of this appraisal covers all assets and liabilities of Ya’an nanshuige Hotel Co., Ltd. on the benchmark date.
3、 Value type
In this appraisal report, the market value is selected as the value type of the appraisal conclusion.
4、 Appraisal base date
The benchmark date of this appraisal is September 30, 2021.
5、 Evaluation method
The appraisal adopts the asset-based method and the income method, and the appraisal results of the asset-based method are taken as the final appraisal conclusion.
6、 Evaluation conclusion and valid period
As of the benchmark date of September 30, 2021, the book value of total assets declared by Ya’an nanshuige Hotel Co., Ltd. is 32.937 million yuan, the book value of total liabilities is 4.5844 million yuan, and the book value of owner’s (shareholder’s) equity is 28.3526 million yuan.
After evaluation, the market value of all shareholders’ equity of Ya’an nanshuige Hotel Co., Ltd. on the benchmark date is 52.1592 million yuan (in words: 52 million one hundred fifty-nine thousand two hundred yuan only). According to the current regulations, the valid period of the appraisal conclusion of the appraisal report is one year, which is calculated from the benchmark date of the appraisal.
When using the appraisal report and its conclusions, the legal users of the appraisal report shall pay special attention to the assumptions, restrictions, special matters (major matters after the period) and their impact on the appraisal results.
7、 Special notes
(i) References to reports and conclusions issued by other institutions
None.
（2） Property right defect
As of the benchmark date of September 30, 2021, the license plates of Ya’an nanshuige Hotel Co., Ltd. for appraisal are Sichuan axn442 Nissan Xuanyi sedan and Sichuan a233nv Jetta automobile. The owner of the vehicle license is Chengdu Beite construction and Development Co., Ltd., and Chengdu Beite construction and Development Co., Ltd. is the parent company of the appraised unit, After verification, the relevant expenses of the vehicle are paid by the appraised unit, and the vehicle has been used by the appraised unit since its purchase. For this matter, the appraised unit has issued a property right statement, promising that the ownership of the vehicle belongs to it and there is no property right dispute. The appraisal is conducted on the premise that the property right ownership is clear and there is no dispute. The expenses that may occur in the process of completing the property right are not considered in the evaluation, and they will not bear any responsibility for the possible disputes.
（3） Other key information not provided by the client or incomplete evaluation information
None.
（4） Uncertain factors such as pending matters and legal disputes existing on the benchmark date
None.
（5） Important utilization of expert work and related reports
The client hired Sichuan Huaxin (Group) Certified Public Accountants (special general partner) for this economic act
Fujian United Zhonghe assets appraisal land and Real Estate Appraisal Co., Ltd. (page 4 of 47) audited the financial data of the appraised unit in September 2021 and issued the audit report with unqualified opinion (chxs (2021) No. 0479). This appraisal was conducted on the basis of audit and made use of the relevant information and data of the above audit report.
（6） Significant subsequent events
The outbreak of New Coronavirus pneumonia broke out in the whole country in January 2020. As of this assessment day, the global epidemic continues to spread, and many countries have virus mutants. The local epidemic in Hong Kong has not been effectively controlled. The epidemic situation in China has remained stable on the whole, and the number of cases in areas with concentrated epidemic in the early stage is declining. From 0:00 to 24:00 on November 25, 2021, 31 provinces (autonomous regions and municipalities directly under the central government) and Xinjiang production and Construction Corps reported 13 new confirmed cases. Among them, there were 9 imported cases (6 in Guangdong, 1 in Tianjin, 1 in Shanghai and 1 in Guangxi), including 1 case from asymptomatic infection to confirmed case (in Tianjin); There were 4 local cases (3 in Shanghai, including 2 in Pudong New Area, 1 in Qingpu District and 1 in Liaoning, in Dalian). There were no new deaths. There were 2 new suspected cases, all of which were imported from abroad (all in Shanghai).
The epidemic situation has also had a great impact on the normal business activities of the assessed unit. However, with the stability of the epidemic situation in China, the assessed unit and have resumed normal business. In this assessment, the impact of the epidemic situation before the date of the assessment report on the future cash flow of the assessed unit is considered, but we cannot predict the final impact of the epidemic situation on the future cash flow of the assessed unit.
（7） Relevant conditions of limited assessment procedures, remedial measures taken by the assessment institution and its impact on the assessment conclusion
None.
（8） The nature and amount of mortgage, guarantee, lease and its contingent liabilities (contingent assets) and their relationship with the appraisal object
None.
（9） Defects in the economic behavior corresponding to the current asset appraisal that may have a significant impact on the appraisal results
None.
（10） Other matters requiring special explanation
None.
8、 Date of assets appraisal report
Fujian United Zhonghe assets appraisal Land Real Estate Appraisal Co., Ltd. page 5 of 47
The date of the assets appraisal report is the date when the appraisal conclusion is finally formed. The date of the assets appraisal report is November 29, 2021.
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.
Fujian United Zhonghe assets appraisal Land Real Estate Appraisal Co., Ltd. page 6 of 47
Proposed equity transfer of Ya’an nanshuige Hotel Co., Ltd
Total equity value of shareholders involved
assets valuation statement
United Zhonghe pingbao Zi (2021) No. 6242
Chengdu Hi-Tech Development Co.Ltd(000628) ：
Fujian United Zhonghe assets appraisal Land Real Estate Appraisal Co., Ltd. has accepted the entrustment of your company in accordance with relevant laws
