The assets appraisal report is prepared in accordance with China’s assets appraisal standards
Jiangxi Jovo Energy Co.Ltd(605090) plans to acquire 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd
Asset appraisal report
Zhong Lian Ping Bao Zi [2022] No. 650
Jiangxi Jovo Energy Co.Ltd(605090) proposed acquisition of 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. · asset appraisal report
catalogue
Declare that one
Asset appraisal report three
Summary 3 I. the client, the appraised unit and other users of the appraisal report 5 II. Evaluation purpose 21 III. appraisal object and scope 21 IV. value type and its definition V. benchmark date of appraisal 24 VI. evaluation basis 25 VII. Evaluation method 28 VIII. Implementation process and situation of the evaluation procedure 34 IX. appraisal assumptions 36 X. appraisal conclusion 38 Xi. Description of special matters 40 XII. Description of restrictions on the use of the appraisal report 60 XIII. Appraisal report date 61 attachments sixty-three
Zhonglian asset appraisal group Co., Ltd
Jiangxi Jovo Energy Co.Ltd(605090) proposed acquisition of 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. · asset appraisal report
Statement
1、 The basic code of practice and the asset appraisal report issued by the Ministry of finance of the people’s Republic of China.
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 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 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, 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 departments have been submitted
Zhonglian asset appraisal group Co., Ltd. page 1 Jiangxi Jovo Energy Co.Ltd(605090) plans to acquire 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. the project · asset appraisal report is related to the parties to improve their property rights to meet the requirements for issuing the asset appraisal report.
6、 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.
7、 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.
Zhonglian asset appraisal group Co., Ltd. page 2 Jiangxi Jovo Energy Co.Ltd(605090) proposed acquisition of 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. · asset appraisal report Jiangxi Jovo Energy Co.Ltd(605090) proposed acquisition of 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd
Asset appraisal report
Zhong Lian Ping Bao Zi [2022] No. 650
Abstract
Zhonglian assets appraisal group Co., Ltd. has accepted the entrustment of Jiangxi Jovo Energy Co.Ltd(605090) to appraise the market value of all shareholders’ equity value of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. on the benchmark date in respect of Jiangxi Jovo Energy Co.Ltd(605090) planned acquisition of 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd.
The appraisal object is the value of all shareholders’ equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. and the scope of appraisal is all assets and related liabilities of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. on the benchmark date.
The benchmark date is December 31, 2021.
The value type of this appraisal is market value.
Based on the premise of continuous use and open market, combined with the actual situation of the entrusted object and comprehensively considering various influencing factors, this appraisal adopts the income method and market method to make an overall appraisal of Sichuan Yuanfeng Sentai Energy Group Co., Ltd., and then make verification and comparison. Considering the applicable premise of the appraisal method and meeting the appraisal purpose, the appraisal result of the income method is selected as the final appraisal conclusion.
The value of all shareholders’ equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. is obtained through the implementation of the evaluation procedures such as inventory verification, field investigation, market investigation, confirmation and evaluation
Page 3 of Zhonglian asset appraisal group Co., Ltd. Jiangxi Jovo Energy Co.Ltd(605090) proposed acquisition of 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. · asset appraisal report
The appraisal conclusion on the benchmark date of December 31, 2021 is as follows:
The book value (consolidated basis) of all equity attributable to the parent shareholders of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. is 628758700 yuan, the assessed value is 1802 million yuan, the assessed value-added is 1173241300 yuan, and the appreciation rate is 186.60%.
When using the appraisal conclusion, 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 December 31, 2021 to December 30, 2022.
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 the appraisal conclusion, you should read the full text of the asset appraisal report.
Zhonglian asset appraisal group Co., Ltd. page 4
Jiangxi Jovo Energy Co.Ltd(605090) plans to acquire 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. · asset appraisal report Jiangxi Jovo Energy Co.Ltd(605090) plans to acquire equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd
Asset appraisal report
Zhong Lian Ping Bao Zi [2022] No. 650
Jiangxi Jovo Energy Co.Ltd(605090) ：
Zhonglian asset appraisal group Co., Ltd. has accepted the entrustment of your company to appraise the market value of all shareholders’ equity value of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. on the benchmark date of December 31, 2021 by using the income method and market method in accordance with relevant laws, regulations and asset appraisal standards. The asset appraisal report is as follows: I. the client, the appraised unit and other users of the appraisal report
The entrusting party for this appraisal is Jiangxi Jovo Energy Co.Ltd(605090) , and the appraised entity is Sichuan Yuanfeng Sentai Energy Group Co., Ltd.
(I) overview of the client
Company name: Jiangxi Jovo Energy Co.Ltd(605090)
Company address: west side of Zhenxing Avenue, industrial new area, Yudu County, Ganzhou City, Jiangxi Province
Legal representative: Zhang Jianguo
Registered capital: 44296986600 yuan
Economic nature: joint stock limited company (Sino foreign joint venture, listed)
Unified social credit Code: 91440101671830144d
Date of establishment: February 27, 2008
Business scope: manufacturing and processing of energy related equipment; Liquefied petroleum gas and natural gas
Zhonglian asset appraisal group Co., Ltd. page 5
Jiangxi Jovo Energy Co.Ltd(605090) plans to acquire 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. · the wholesale and retail of [methane containing] in the asset appraisal report (except urban gas, which is only used as industrial raw materials and other non fuel purposes), methane, propane, n-butane, 2-methylbutane and n-pentane (operating without storage facilities) (operating with hazardous chemical operation license, valid until January 25, 2023); Technology import and export and goods import and export (excluding goods subject to state-owned trade management); Technology development and technical services in the field of clean energy; Other professional consulting (gas supply consulting services); Social and economic consulting, trade consulting and enterprise management consulting services (except for the above items, such as finance, securities, futures, insurance and other special provisions of the state). (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
(II) overview of the appraised unit
1. Basic information
Company name: Sichuan Yuanfeng Sentai Energy Group Co., Ltd
Company address: No. 403, 4th floor, No. 62, Gaoyang Road, Wuhou District, Chengdu, Sichuan
Legal representative: Li Xiaoping
Registered capital: 8759495700 yuan
Economic nature: joint stock limited company (Sino foreign joint venture, unlisted)
Unified social credit Code: 91510 Innuovo Technology Co.Ltd(000795) 8376047
Date of establishment: December 19, 2006
Business scope: general business items: operation of hazardous chemicals (the above items and duration shall be subject to the license) (the following scope does not include pre license items, and post license items shall be operated with the license or approval documents) gas supply; Road freight transportation. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Zhonglian asset appraisal group Co., Ltd. page 6
Jiangxi Jovo Energy Co.Ltd(605090) proposed acquisition of 100% equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. · asset appraisal report
2. Company profile
Sichuan Yuanfeng Sentai Energy Group Co., Ltd. (hereinafter referred to as “Sentai energy”) is mainly engaged in the production, logistics distribution and sales of LNG and high-purity helium, and the retail business of LNG filling station and LNG / L-CNG filling station. The main products are LNG and high-purity helium.
In terms of LNG business, Sentai energy has completely covered the whole LNG industry chain, involving upstream LNG production, midstream LNG transportation and downstream LNG users. As of the issuing date of this report, Sentai energy has built and put into operation four LNG production and processing plants in Sichuan Basin and Inner Mongolia Eerduosi Resources Co.Ltd(600295) basin, with an annual production capacity of nearly Shanghai Pudong Development Bank Co.Ltd(600000) tons of LNG, and its market sales area covers many provinces in southwest and Northwest China. In addition, Sentai energy takes the liquefaction plant as the center, arranges and cooperates in several LNG filling stations along national roads, provincial roads and Inner Mongolia provincial roads in Sichuan Province.
In terms of high-purity helium business, Sentai energy has the key technology and operation capacity of LNG project bog helium extraction, and is one of the few enterprises with high-purity helium production capacity in China. At present, Sentai energy has built a set of bog helium extraction device in its subsidiary Inner Mongolia Sentai Natural Gas Co., Ltd., which is in good operation. The purity of helium extracted by the project is as high as 99.999%, with good economic benefits.
3. Historical evolution
(1) Established in December 2006
In December 2006, Li Xiaoshan and Peng Yingwen invested in the establishment of Sentai Co., Ltd., whose domicile was
