This report is prepared in accordance with China's asset appraisal standards Blue Sail Medical Co.Ltd(002382) for the purpose of financial report, the asset group portfolio of goodwill after the acquisition of CBCH II and CBCH V is involved in the goodwill impairment test
Asset appraisal report of recoverable amount
Wan Long Ping Cai Zi (2022) No. 40024
Bandung (Shanghai) Assets Appraisal Co., Ltd
March 30, 2002
Blue Sail Medical Co.Ltd(002382) for financial reporting purposes
After the acquisition of CBCH II and CBCH V involved in goodwill impairment test
Asset evaluation report on recoverable amount of asset group portfolio in which goodwill belongs
catalogue
Declare that 3 summary 4. Asset appraisal report six
1、 The client, the appraised entity and other users of the asset appraisal report agreed in the asset appraisal entrustment contract six
2、 Evaluation purpose twenty-five
3、 Evaluation object and scope twenty-seven
4、 Value type forty-four
5、 Appraisal base date forty-four
6、 Evaluation basis forty-six
7、 Evaluation method fifty
8、 Implementation process and evaluation process fifty-five
9、 Assessment assumptions sixty
10、 Assessment conclusion sixty-two
11、 Special notes sixty-four
12、 Description of restrictions on the use of asset appraisal report seventy-one
13、 Asset appraisal report date 72 attachment: seventy-four
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.
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 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、 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.
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 of 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.
Blue Sail Medical Co.Ltd(002382) for financial reporting purposes
After the acquisition of CBCH II and CBCH V involved in goodwill impairment test
Asset evaluation report on recoverable amount of asset group portfolio in which goodwill belongs
Abstract
Bandung (Shanghai) Assets Appraisal Co., Ltd. accepts the entrustment of Blue Sail Medical Co.Ltd(002382) and
Blue Sail Medical Co.Ltd(002382) proposed acquisition of CBCH involved in goodwill impairment test for financial reporting purposes
II and CBCH V, the recoverable amount of the asset group portfolio where the goodwill is located is evaluated.
Evaluation purpose: to provide for Blue Sail Medical Co.Ltd(002382) the goodwill impairment test for the purpose of financial reporting
For professional advice on the recoverable amount of the asset group portfolio where the goodwill is located after the acquisition of CBCH II and CBCH v.
Appraisal object: the appraisal object is Blue Sail Medical Co.Ltd(002382) acquisition of CBCH II and CBCH v
The asset group portfolio of cardiovascular and cerebrovascular business where the post goodwill is located.
Appraisal scope: the appraisal scope refers to the asset group combination of the corresponding goodwill of the appraisal object, including the right to use
Assets, fixed assets, intangible assets, development expenditure and goodwill. The details are as follows:
Blue Sail Medical Co.Ltd(002382) cbchii book value Blue Sail Medical Co.Ltd(002382) cbchii book shares with limited fair value and the book value of cbchii of the sequence project of the company (the difference between the original book value of RMB and the reverse sign value of the consolidated statement (thousands of US dollars) 10000 yuan) (the net value of the people) (the book value of Renmin YingYuan is RMB 10000) (RMB 10000)
I. non current assets: 1 Dynagreen Environmental Protection Group Co.Ltd(601330) 610209312116220311371515
Right of use assets 165566105557105557
Fixed assets 662068242210282560294477057
Intangible assets 847061354004549061746306628
Development expenditure 756445482273482273
II. Total portfolio of asset groups excluding goodwill 1 Dynagreen Environmental Protection Group Co.Ltd(601330) 610209312116220311371515
III. goodwill 59117952
Less: provision for impairment of goodwill 17149057
IV. unconfirmed rights attributable to minority shareholders
Goodwill value of profit 2980120
V. the total portfolio of asset groups including goodwill is 56320530
Value type: recoverable amount
Benchmark date: December 31, 2021
Appraisal method: income method
Evaluation conclusion and validity period:
Appraisal conclusion: Blue Sail Medical Co.Ltd(002382) after the acquisition of CBCH II and CBCH V, the recoverable amount of the asset group portfolio of goodwill on the benchmark date is US $598 million only (US $598000 thousand). According to the central parity rate of US dollar to RMB exchange rate published by the people's Bank of China on December 31, 2021, US dollar to RMB: 1: 6.3757, After conversion, it is in words: RMB 3.813 billion (CNY 3813 million).
The above appraisal conclusion is valid for use within one year from the benchmark date of appraisal, i.e. until December 30, 2022. Any overdue use is invalid.
Special matters affecting the evaluation conclusion:
See "Xi. Description of special matters" in the main body of the appraisal report for details.
Special note: the above contents are extracted from the main body of the asset appraisal report of [Bandung Ping Cai Zi (2022) No. 40024]. If you want to know the details of the appraisal project and reasonably understand the appraisal conclusion, you should carefully read the full text of the appraisal report, and this abstract should not be used alone.
Wan Long Ping Cai Zi (2022) No. 40024
Blue Sail Medical Co.Ltd(002382) intended for financial reporting purposes
After the acquisition of CBCH II and CBCH V involved in goodwill impairment test
Recoverable amount of asset group portfolio where goodwill belongs asset evaluation report Blue Sail Medical Co.Ltd(002382) :
Bandung (Shanghai) Assets Appraisal Co., Ltd. (hereinafter referred to as "the company") has accepted the entrustment of your company. In accordance with the provisions of laws, administrative regulations and asset appraisal standards, adhering to the principle of independent, objective and fair asset appraisal, adopting the income method and following the necessary appraisal procedures, Bandung (Shanghai) Assets Appraisal Co., Ltd. (hereinafter referred to as "the company") carries out the asset group combination of goodwill after the acquisition of CBCH II and CBCH V involved in the goodwill impairment test for the purpose of financial reporting, The recoverable amount at December 31, 2021 was assessed. The assets appraisal is reported as follows:
1、 The client, the appraised entity and other users of the asset appraisal report agreed in the asset appraisal entrustment contract
(I) principal
Name: Blue Sail Medical Co.Ltd(002382)
Unified social credit Code: 91370000744521618l
Registered capital: 964031086 yuan
Legal representative: Liu Wenjing
Company type: limited liability company (joint venture and listing between Taiwan, Hong Kong, Macao and China)
Date of establishment: December 2, 2002
Business term: from December 2, 2002 to no fixed term
Registered address: No. 21, Qingtian Road, Qilu Chemical Industry Zone, Zibo City, Shandong Province
Business scope: production and processing of PVC gloves, nitrile gloves, class I, class II and class III medical devices, other plastic products and pellets, and sales of the products produced by the company; Wholesale business of nitrile gloves, latex gloves, pulp molded products, class I and class II medical device products. (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the validity period shall be subject to the license.)
(II) appraised unit I
1. Overview of the appraised unit I
Name: CB cardio holdings II Limited (hereinafter referred to as "CBCH II") date of establishment: June 19, 2015
Place of registration: Cayman Islands
Registration No.: Jiangsu Hualan New Pharmaceutical Material Co.Ltd(301093)
Registered address: maples Corporate Services Limited of PO Box 309, ugland house, Grand Cayman, ky1-1104, Cayman Islands
Main business: holding company, not actually operating.
2. Historical evolution and change of ownership structure of the appraised unit I
