The assets appraisal report is prepared in accordance with China's assets appraisal standards. The appraisal project of the value of all shareholders' equity of Hangzhou Changyi Technology Co., Ltd. involved in the purchase of assets by issuing Hangzhou Chang Chuan Technology Co.Ltd(300604) proposed shares
Asset appraisal report
Zhong Lian Ping Bao Zi [2022] No. 286
Zhonglian asset appraisal group Co., Ltd
March 12, 2002
Hangzhou Chang Chuan Technology Co.Ltd(300604) asset appraisal report of the appraisal project of the value of all shareholders' equity of Hangzhou Changyi Technology Co., Ltd. involved in the purchase of assets by issuing shares
catalogue
Declare that 1 Summary 3 I. overview of the client, the appraised unit and other users of the appraisal report 6 II. Evaluation purpose III. evaluation object and scope 15 IV. value type V. benchmark date of appraisal 19 VI. evaluation basis 19 VII. Evaluation method 22 VIII. Implementation process and situation of the evaluation procedure 28 IX. appraisal assumptions X. appraisal conclusion 31 Xi. Description of special matters 33 XII. Description of restrictions on the use of the appraisal report 37 XIII. Appraisal report date 38 attachments 40 Zhonglian assets appraisal group Co., Ltd
Hangzhou Chang Chuan Technology Co.Ltd(300604) asset appraisal report of the appraisal project of the value of all shareholders' equity of Hangzhou Changyi Technology Co., Ltd. involved in the purchase of assets by issuing shares
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.
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 the asset appraisal report.
The assets appraisal institution and appraisers remind the users of the assets appraisal report that they should 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 the 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、 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.
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, and the legal ownership data of the appraisal object and the assets involved have been checked.
6、 The analysis, judgment and results in the asset appraisal report issued by the asset appraisal institution
Zhonglian asset appraisal group Co., Ltd. page 1
Hangzhou Chang Chuan Technology Co.Ltd(300604) asset appraisal report of the appraisal project of the value of all shareholders' equity of Hangzhou Changyi Technology Co., Ltd. involved in the purchase of assets by issuing shares
The assumptions, restrictions on the use of assets and the restrictions on the use of assets in the appraisal report shall be fully described.
7、 The asset appraisal institution and its professionals 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.
Zhonglian asset appraisal group Co., Ltd. page 2
Hangzhou Chang Chuan Technology Co.Ltd(300604) the appraisal project of the value of all shareholders' equity of Hangzhou Changyi Technology Co., Ltd. involved in the purchase of assets by issuing shares
Asset appraisal report
Zhong Lian Ping Bao Zi [2022] No. 286
Abstract
Zhonglian assets appraisal group Co., Ltd. has accepted the entrustment of Hangzhou Chang Chuan Technology Co.Ltd(300604) to appraise the market value of all shareholders' rights and interests of Hangzhou Changyi Technology Co., Ltd. on the benchmark date for the economic behavior of Hangzhou Chang Chuan Technology Co.Ltd(300604) to issue shares to purchase assets.
The appraisal object is all the shareholders' equity of Hangzhou Changyi Technology Co., Ltd. the scope of appraisal is all the assets and related liabilities of Hangzhou Changyi Technology Co., Ltd., including current assets, non current assets and other assets and corresponding liabilities.
The benchmark date is September 30, 2021.
The value type of this appraisal is market value.
On the premise of continuous use and open market, combined with the actual situation of the appraised object and comprehensively considering various influencing factors, this appraisal adopts the asset-based method to appraise Hangzhou Changyi Technology Co., Ltd.
Hangzhou Changyi Technology Co., Ltd. reported that the book value of all shareholders' equity at the time point of the base date was 224241400 yuan, and the value of owner's equity after evaluation was 283393700 yuan, which increased in value
591523 million yuan, with a value-added rate of 26.38%.
The appraisal conclusion is based on the accurate judgment of the property right holder and the management of the appraisal object on the future development trend of the enterprise and the implementation of relevant plans. If the actual business situation of the enterprise deviates from the business plan in the future, and the property right holder timely appoints the management to take corresponding and effective measures to make up for the deviation, the appraisal conclusion will change significantly. In particular, it draws the attention of users of the report.
When using the appraisal conclusion, the users of the report are specially reminded to pay attention to the special matters specified in the report and major matters in the future.
According to the relevant laws and regulations on asset appraisal, the asset appraisal report involving legal appraisal business must be used after the client performs the asset appraisal supervision and management procedures in accordance with the requirements of laws and regulations. The evaluation results are valid for one year, i.e. from September 30, 2021 to September 29, 2022. If it is more than one year, it needs to be reassessed.
Special matters:
1. As of the benchmark date September 30, 2021, Hangzhou Changyi Technology Co., Ltd. holds 80% equity of exis tech Sdn Bhd. On January 19, 2022, the resolution of the shareholders' meeting of Hangzhou Changyi Technology Co., Ltd. approved Lee Heng Lee to subscribe to Changyi technology's new capital contribution of 394749 million yuan at the price of 49.4 million yuan with his holding of exis techsdn bhd20%. Tianjian Certified Public Accountants (special general partnership) assumes that Hangzhou Changyi Technology Co., Ltd. has completed the acquisition of 100% equity of exis tech Sdn Bhd on January 1, 2019, and exis tech Sdn Bhd has been integrated to form the existing asset and business structure, and has issued simulated consolidated financial statements. The financial data adopted on the benchmark date of this appraisal are extracted from Jingtian
The simulated statement of Hangzhou Changyi Technology Co., Ltd. audited by Jian Certified Public Accountants (special general partnership).
2. The core asset of Hangzhou Changyi Technology Co., Ltd. is long-term equity investment - exis
Tech Sdn Bhd: in this appraisal, exis tech Sdn Bhd adopts asset-based method and income method respectively. Finally, the result of income method is selected as the appraisal conclusion, and the exchange rate adopted is RMB 1 = rm0.6454.
The above contents are extracted from the main body of the asset appraisal report. If you want to know the details of the appraisal project and reasonably understand and use the appraisal conclusion, you should read the full text of the asset appraisal report.
Zhonglian asset appraisal group Co., Ltd. page 5
Hangzhou Chang Chuan Technology Co.Ltd(300604) the appraisal project of the value of all shareholders' equity of Hangzhou Changyi Technology Co., Ltd. involved in the purchase of assets by issuing shares
Asset appraisal report
Zhong Lian Ping Bao Zi [2022] No. 286
Hangzhou Chang Chuan Technology Co.Ltd(300604) ：
Zhonglian asset appraisal group Co., Ltd. has accepted the entrustment of your company, adhered to the principles of independence, objectivity and impartiality, adopted the asset-based method and followed the necessary appraisal procedures in accordance with the provisions of laws, administrative regulations and asset appraisal standards, The market value of all shareholders' equity of Hangzhou Changyi Technology Co., Ltd. involved in the economic behavior of your company to issue shares to purchase assets on the benchmark date of September 30, 2021 has been evaluated. The assets appraisal is reported as follows:
1、 Overview of the client, the appraised entity and other users of the appraisal report
The entrusting party of this assets appraisal is Hangzhou Chang Chuan Technology Co.Ltd(300604) and the appraised entity is Hangzhou Changyi Technology Co., Ltd. Hangzhou Chang Chuan Technology Co.Ltd(300604) intends to issue shares to acquire the equity of Hangzhou Changyi Technology Co., Ltd.
(I) overview of the client
Company name: Hangzhou Chang Chuan Technology Co.Ltd(300604)
Address: No. 410, Jucai Road, Binjiang District, Hangzhou, Zhejiang
Legal representative: Zhao Yi
Registered capital: 604328728 yuan
Economic nature: joint stock limited company (listed, invested or controlled by natural persons)
Zhonglian asset appraisal group Co., Ltd. page 6
Date of establishment: April 10, 2008
Business term: long term
Unified social credit Code: 913 Meter Instruments Co.Ltd(301006) 73958539h
(II) overview of the appraised unit
Company name: Hangzhou Changyi Technology Co., Ltd
Address: room 3077, floor 3, No. 3900 Jiangnan Avenue, Binjiang District, Hangzhou, Zhejiang
Legal representative: Li Ming
Registered capital: RMB 2144749 million
Economic nature: limited liability company (foreign investment, non sole proprietorship)
Date of establishment: August 24, 2020
Business term: long term
Unified social credit Code: 91330108ma2j0xg0x1
1. Company profile
(1) Company establishment
Hangzhou Changyi Technology Co., Ltd. (formerly known as Hangzhou Changyi Equity Investment Co., Ltd.) was established in August 2020 with a registered capital of 10 million yuan, including 5 million yuan subscribed by Paradise Silicon Valley Asset Management Group Co., Ltd. and 5 million yuan subscribed by Hangzhou paradise Silicon Valley Hangshi equity investment partnership (limited partnership). When the company was established, the equity structure was as follows:
No. name of shareholder subscribed capital (10000 yuan) paid in capital (10000 yuan) subscribed proportion%
1 paradise Silicon Valley Asset Management Group Co., Ltd. 500.00 0 50.00
2 Hangzhou paradise Silicon Valley Hangshi equity investment partnership 500.00 0 50.00 enterprise (limited partnership)
Total 100000 0 100.00
(2) First equity transfer
In October 2020, Paradise Silicon Valley Asset Management Group Co., Ltd. transferred its Hangzhou long
Zhonglian asset appraisal group Co., Ltd. page 7
Yiyi Technology Co., Ltd. transferred the capital contribution of 5 million yuan to Hangzhou Changyi Technology Co., Ltd
