600860: Beijing Jingcheng Machinery Electric Company Limited(600860) announcement on the extension of the appraisal report related to the issuance of shares to purchase assets

Stock Code: 600860 stock abbreviation: Beijing Jingcheng Machinery Electric Company Limited(600860) No.: lin2022-003 Beijing Jingcheng electromechanical Co., Ltd

Beijing Jingcheng Machine Electric Company Limited (a joint stock limited company incorporated in the people’s Republic of China)

Announcement on the extension of the appraisal report involved in the issuance of shares to purchase assets

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

After the review of the 33rd working meeting of the Review Committee on mergers and acquisitions of listed companies of China Securities Regulatory Commission in 2021, Beijing Jingcheng Machinery Electric Company Limited(600860) (hereinafter referred to as “the company”) issued shares to purchase assets, which was conditionally approved on December 15, 2021.

The appraisal report zthpbz (2020) No. 051655, which is the basis for the pricing of this transaction, is valid until June 30, 2021. In view of the expiration of the validity of the above appraisal report, the appraisal institution of this transaction, Beijing zhongtonghua Asset Appraisal Co., Ltd. (hereinafter referred to as the “appraisal institution”), takes December 31, 2020 as the benchmark date, The market value of all the rights and interests of the subject matter of the transaction was assessed in an additional period. After the verification of the additional period assessment, the subject company was not assessed for impairment. The above extended appraisal report is valid until December 31, 2021. In view of the expiration of the extended appraisal report, the appraisal institution has conducted the second extended appraisal on the market value of all the rights and interests of the transaction object with June 30, 2021 as the appraisal base date. After the verification of the second additional period assessment, the subject company has not been assessed for impairment.

The valuation of the underlying assets of this transaction is still based on the appraisal results of the appraisal report (zthppz (2020) No. 051655) with the benchmark date of June 30, 2020, and the transaction valuation remains unchanged.

The asset appraisal report of this transaction was disclosed by the company on the same day on the website of Shanghai Stock Exchange, the designated information disclosure media com. cn.、 Shanghai Securities News and the website of the stock exchange of Hong Kong www.hkexnews.com hk。

It is hereby announced.

Beijing Jingcheng Machinery Electric Company Limited(600860) board of directors January 14, 2022

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