This report is prepared in accordance with China’s asset appraisal standards
Songcheng Performance Development Co.Ltd(300144)
Zhuhai Songcheng Performance Development Co.Ltd(300144) Kingdom Co., Ltd. involved in the proposed equity transfer
Appraisal project of total equity value of shareholders
assets valuation statement
Zhzqhpbz (2022) No. 0126
(Volume 1 of 1)
Zhejiang zhongqihua Assets Appraisal Co., Ltd
April 22, 2002
catalogue
Declare that 2. Summary of asset appraisal report 4. Text of the assets appraisal report 6 I. the client, the appraised entity and other users of the asset appraisal report agreed in the asset appraisal entrustment contract six
2、 Evaluation purpose nine
3、 Evaluation object and scope ten
4、 Value type and its definition eleven
5、 Appraisal base date eleven
6、 Evaluation basis twelve
7、 Evaluation method fourteen
8、 Evaluation procedure implementation process and situation nineteen
9、 Assessment assumptions twenty
10、 Assessment conclusion twenty-one
11、 Special notes twenty-two
12、 Description of restrictions on the use of asset appraisal report twenty-four
13、 Asset appraisal report date twenty-five
14、 Signature and seal twenty-five
Annex to the assets appraisal report twenty-six
Zhejiang zhongqihua Assets 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 and the asset appraisal practice standards and professional ethics standards issued by China Assets Appraisal Association.
2、 The asset appraisal institution and its 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.
3、 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 can only be used by 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 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 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.
4、 The list of assets and liabilities involved in the appraisal object shall be declared by the relevant parties and confirmed by signature, seal or other methods permitted by law; Relevant parties shall be responsible for the authenticity, integrity and legitimacy of the materials provided by them according to law.
5、 The asset appraiser has conducted on-site investigation on the appraisal object and its involved assets; 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. 6、 The assets appraisal institution and appraisers have no existing or expected interest relationship with the appraisal object in the assets appraisal report, have no existing or expected interest relationship with relevant parties, and have no prejudice against relevant parties.
7、 The analysis, judgment and results in the asset appraisal report issued by the asset appraisal institution are subject to the assets appraisal
Zhejiang zhongqihua Assets Appraisal Co., Ltd
For the limitation of assumptions and restrictions in the appraisal report, the user of the asset appraisal report shall give full consideration to the assumptions, restrictions, special matters and their impact on the appraisal conclusion stated in the asset appraisal report. 8、 In the assets appraisal report, if there is a tail difference between the total count and the sum of the itemized values in all tables or written statements with the amount unit of 10000 yuan, it is caused by rounding.
Zhejiang zhongqihua Assets Appraisal Co., Ltd
Summary of assets appraisal report
Songcheng Performance Development Co.Ltd(300144) ：
Zhejiang zhongqihua Assets Appraisal Co., Ltd. has accepted the entrustment of Songcheng Performance Development Co.Ltd(300144) to appraise the market value of all the rights and interests of the shareholders of Zhuhai Songcheng Performance Development Co.Ltd(300144) Kingdom Co., Ltd. involved in the equity transfer of Songcheng Performance Development Co.Ltd(300144) in accordance with the provisions of laws, administrative regulations and asset appraisal standards, adhering to the principles of independence, objectivity and impartiality, and in accordance with the necessary appraisal procedures. The asset appraisal report is summarized as follows:
Appraisal purpose: to provide value reference for Songcheng Performance Development Co.Ltd(300144) equity transfer.
Appraisal object: the value of all shareholders’ equity of Zhuhai Songcheng Performance Development Co.Ltd(300144) Kingdom Co., Ltd.
Appraisal scope: all assets and liabilities of Zhuhai Songcheng Performance Development Co.Ltd(300144) Kingdom Co., Ltd., including current assets, non current assets (fixed assets, construction in progress, intangible assets, deferred income tax assets, other non current assets) and current liabilities.
Benchmark date: December 31, 2021
Value type: market value
Appraisal method: asset based method
Assessment conclusion:
As of the benchmark date of December 31, 2021, the book value of the total assets of Zhuhai Songcheng Performance Development Co.Ltd(300144) Kingdom Co., Ltd. is 1266993 million yuan, the appraisal value is 4584532 million yuan, the added value is 331754 million yuan, and the appreciation rate is 261.84%; The book value of total liabilities is 7.9693 million yuan, and the appraisal value is 7.9693 million yuan, with no change in increase or decrease in value; The book value of all shareholders’ equity is 1187299 million yuan (the book value has been audited by Lixin Certified Public Accountants (special general partnership) and issued a standard unqualified audit report). The assessed value is 4504839 million yuan, the added value is 331754 million yuan, and the added value rate is 279.42%.
See the following table for specific evaluation results:
Monetary unit: RMB 10000
Increase / decrease rate of project book value evaluation value
Current assets 167.07 0.00 0.00%
Non current assets 125028545678253317540 265.34%
Increase / decrease rate of project book value evaluation value
Fixed assets 239.05 270.80 31.75 13.28%
Construction in progress 766362793948 275.86 3.60%
Intangible assets 24862135353993286778132200%
Including: land use right 24862135353993286778132200%
Deferred income tax assets 0.03 0.03 0.00 0.00%
Other non current assets 211395 0.00 0.00%
Total assets 126699345845323317540 261.84%
Current liabilities 796.93 0.00 0.00%
Total liabilities 796.93 0.00 0.00%
Total equity (net assets) of shareholders 118729945048393317540 279.42%
The assets appraisal report only provides value reference for the economic behavior described in the report. The validity period of the appraisal conclusion is from December 31, 2021 to December 30, 2022.
The user of the asset appraisal report shall give full consideration to the assumptions, limiting conditions and special matters stated in the asset appraisal report and their impact on the appraisal conclusion.
The above contents are extracted from the main body of the asset appraisal report. To understand the details of the appraisal business and correctly understand the appraisal conclusion, you should read the main body of the asset appraisal report.
Songcheng Performance Development Co.Ltd(300144)
The appraisal project of the total equity value of the shareholders of Zhuhai Songcheng Performance Development Co.Ltd(300144) Kingdom Co., Ltd. involved in the proposed equity transfer
Text of assets appraisal report
Songcheng Performance Development Co.Ltd(300144) ：
Zhejiang zhongqihua Assets Appraisal Co., Ltd. has accepted your entrustment to appraise the market value of all shareholders’ rights and interests of Zhuhai Songcheng Performance Development Co.Ltd(300144) wangguo Co., Ltd. involved in Songcheng Performance Development Co.Ltd(300144) proposed equity transfer on the benchmark date of December 31, 2021 in accordance with the provisions of laws, administrative regulations and assets appraisal standards, adhering to the principles of independence, objectivity and impartiality and in accordance with the necessary appraisal procedures. 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
The client of this appraisal is Songcheng Performance Development Co.Ltd(300144) and the appraised unit is Zhuhai Songcheng Performance Development Co.Ltd(300144) Kingdom Co., Ltd. there is no other user of the asset appraisal report.
（1） Overview of the client
Full name of the company: Songcheng Performance Development Co.Ltd(300144) (hereinafter referred to as ” Songcheng Performance Development Co.Ltd(300144) “)
Unified social credit Code: 9133 Shahe Industrial Co.Ltd(000014) 3102311g
Legal address: No. 148, Zhijiang Road, Hangzhou, Zhejiang
Legal representative: Shang Lingxia
Registered capital: 261469404 million yuan
Paid in capital: 261469404 million yuan
Nature of enterprise: other joint stock limited companies (listed)
Operation start date: September 21, 1994
Main business scope: song and dance performances, acrobatic performances, opera performances, music performances, comprehensive literary and artistic performances (operated with the business performance license), performances and brokerage business (operated with the business performance license)
Zhejiang zhongqihua Assets Appraisal Co., Ltd
Business license), catering service (see catering service license for details), parking service. Tourism services, theme park development and operation, cultural activity planning and organization
