The assets appraisal report is prepared in accordance with China’s assets appraisal standards
Shanghai Sk Automation Technology Co.Ltd(688155) appraisal report on the value of all equity assets of shareholders of Ningde Dongheng Machinery Co., Ltd. involved in the proposed equity acquisition
Hu Jia Ping Bao Zi (2022) No. 0031
Shanghai jiace Assets Appraisal Co., Ltd
May 18, 2022
catalogue
Declare that 1 Summary 3 text five
1、 Overview of the client, the appraised entity and other users of the asset appraisal report five
2、 Evaluation purpose sixteen
3、 Evaluation object and scope sixteen
4、 Value type thirty-three
5、 Appraisal base date thirty-three
6、 Evaluation basis thirty-four
7、 Evaluation method thirty-six
8、 Implementation process and evaluation process forty-nine
9、 Assessment assumptions fifty-one
10、 Assessment conclusion fifty-three
11、 Special notes fifty-six
12、 Description of restrictions on the use of asset appraisal report sixty
13、 Asset appraisal report date 61 attachments sixty-three
Statement
(I) 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.
(II) 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.
(III) 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.
(IV) the assets appraisal institution and appraisers remind the users of the assets appraisal report to 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.
(V) the asset appraisal institution and its asset appraisal 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
(VI) the user of the assets appraisal report shall pay attention to the assumptions and premises of the appraisal conclusion, the description of special matters in the assets appraisal report and the use restrictions.
(VII) the asset appraisal institution and its asset appraisal professionals have no interest relationship with the appraisal object in the asset appraisal report in the past, present and future; There is no interest relationship and prejudice with relevant parties and relevant personnel.
(VIII) the assets involved in the on-site investigation of the appraiser and its 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. However, we only express opinions on the value of the appraisal object and the assets involved, and we have no right to make any form of guarantee for their legal ownership. This report shall not be used as any form of property right certificate.
(IX) the analysis and judgment made by the asset appraisal institution and its asset appraisal professionals on the value of the entrusted assets are subject to the assumptions and restrictions in this report, and the appraisal conclusion is only valid under these assumptions and restrictions. In order to use the appraisal report reasonably and correctly, we respectfully request the users of the appraisal report to pay close attention to the “appraisal assumptions”, “notes on special matters” and “notes on restrictions on the use of the appraisal report” of Shanghai jiace Asset Appraisal Co., Ltd.
(x) the purpose of this asset appraisal institution and its asset appraisal professionals in carrying out this asset appraisal business is to analyze and estimate the value of the entrusted assets and express their professional opinions. We will not be responsible for the decisions of the parties concerned. We respectfully ask the users of the report to note that the appraisal conclusion is only valid under the assumptions and restrictions stated in this report, and should not be considered as a guarantee for the realizable price of the entrusted assets in the market.
（11） The investigation of the real assets by the assets appraisal institution and its assets appraisal professionals is routinely limited to their apparent quality, use and maintenance status, and does not touch the covered, hidden and difficult to reach parts. We have not been entrusted to carry out professional and technical testing and appraisal on their quality. Our appraisal is based on the information provided by the client. If the internal quality of these appraisal objects is defective, The evaluation conclusion may be affected to varying degrees. （12） The assets appraisal report is only for the client to serve the appraisal purposes listed in the report and send it to the competent property appraisal department for review. The right to use the appraisal report belongs to the client. Unless it is submitted to the relevant government management department as required or needs to be disclosed according to law, all or part of the report shall not be published on any public media without the permission of the asset appraisal institution.
Shanghai Sk Automation Technology Co.Ltd(688155) proposed equity acquisition
Total equity value of shareholders of Ningde Dongheng Machinery Co., Ltd
assets valuation statement
Hu Jia Ping Bao Zi (2022) No. 0031
Abstract
The following 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.
1、 Client: Shanghai Sk Automation Technology Co.Ltd(688155)
2、 Users of the appraisal report: according to the agreement of the asset appraisal entrustment contract, the clients involved in this economic activity and the report users stipulated by national laws and regulations are the legal users of the appraisal report.
3、 Appraised unit: Ningde Dongheng Machinery Co., Ltd
4、 Appraisal purpose: equity acquisition
5、 Benchmark date: December 31, 2021
6、 Appraisal object and scope: the appraisal object is the value of all shareholders’ equity of Ningde Dongheng Machinery Co., Ltd., and the appraisal scope is all assets and liabilities of Ningde Dongheng Machinery Co., Ltd.
(see the detailed statement of assets appraisal for details) VII. Value type: market value
8、 Appraisal method: this appraisal is conducted in accordance with the laws, regulations and appraisal standards of China on asset appraisal, the principles of independence, objectivity and impartiality, the actual situation of the entrusted assets, relevant market transaction data and current market price standards, and the asset-based method and income method are adopted for the appraisal. The income method is selected for the appraisal conclusion.
9、 Appraisal conclusion: after appraisal, the value of all shareholders’ equity of Ningde Dongheng Machinery Co., Ltd. on the benchmark date of December 31, 2021 is 1640 million yuan, in words: one billion six hundred and forty million yuan only, with an appreciation of 1557393200 yuan and an appreciation rate of 188531%.
Summary of income method evaluation results
Benchmark date: December 31, 2021 [monetary unit: RMB 10000]
Increase / decrease rate of the assessed value of the project’s net book value%
A B C=B-A D=C/A
Current assets 753588
Non current assets 610911
Including: net long-term equity investment 397900
Net investment real estate 155393
Net fixed assets 439.22
Net intangible assets 7.99
Total assets 1364499
Current liabilities 534167
Non current liabilities 42.65
Total liabilities 538431
Net assets (owner’s equity) 826068164 Ping An Bank Co.Ltd(000001) 5573932188531
10、 Validity period of appraisal conclusion: from December 31, 2021 to December 30, 2022
11、 Impact of special matters on the assessment conclusion:
In order to correctly use the appraisal conclusion, users of the report are requested to pay close attention to the “statement of asset appraisal report”, “appraisal assumptions”, “notes on special matters” and “notes on restrictions on the use of asset appraisal report” in this report and their impact on the appraisal conclusion.
The above contents are extracted from the text of the asset appraisal report. To understand the details of the appraisal business and correctly understand the appraisal conclusion, you should carefully read the text of the asset appraisal report.
4 Shanghai jiace Assets Appraisal Co., Ltd
Shanghai Sk Automation Technology Co.Ltd(688155) proposed equity acquisition
Total equity value of shareholders of Ningde Dongheng Machinery Co., Ltd
assets valuation statement
Hu Jia Ping Bao Zi (2022) No. 0031
Text
Shanghai Sk Automation Technology Co.Ltd(688155) ：
Shanghai jiace Assets Appraisal Co., Ltd. has accepted the entrustment of your company to appraise the market value of all shareholders’ rights and interests of Ningde Dongheng Machinery Co., Ltd. involved in Shanghai Sk Automation Technology Co.Ltd(688155) planned equity acquisition on December 31, 2021 in accordance with laws, administrative regulations and asset appraisal standards, adhering to the principles of independence, objectivity and impartiality, adopting asset-based method and income method and in accordance with necessary appraisal procedures. The assets appraisal is reported as follows:
1、 Overview of the client, the appraised entity and other users of the asset appraisal report
(I) client
Enterprise name: Shanghai Sk Automation Technology Co.Ltd(688155) (abbreviation: Shanghai Sk Automation Technology Co.Ltd(688155) )
Enterprise type: joint stock limited company (listed, invested or controlled by natural person)
Securities code: Shanghai Sk Automation Technology Co.Ltd(688155) SH
Registered address: plant 3, No. 518, Guanghua Road, Xiaokunshan Town, Songjiang District, Shanghai
Legal representative: Pan Yanqing
Registered capital: 75988036 million yuan
Unified social credit Code: 913101177989957984
Business term: from March 28, 2007 to no fixed term
Business scope: R & D and integration of automatic manufacturing process system, R & D, design, manufacturing, technical consulting, technical services, import and export of automatic equipment and production line. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
5 Shanghai jiace Assets Appraisal Co., Ltd
(II) appraised unit
1. Enterprise registration information
Enterprise name: Ningde Dongheng Machinery Co., Ltd. (hereinafter referred to as Ningde Dongheng)
Enterprise type: limited liability company
Registered address: No. 2-1, Jinwan Road, Dongqiao Economic Development Zone, Ningde City, Fujian Province
Legal representative: Lin Liju
Registered capital: 50 million yuan only
Paid in capital: 50 million yuan only
Unified social credit Code: 913509020984477150
Date of establishment: May 6, 2014
Business term: May 6, 2014 to May 5, 2044
Business scope: manufacturing and sales of mechanical equipment (excluding special equipment); Hardware products, sheet metal products, electronic components, auto parts processing and sales; Metal surface treatment and heat treatment processing; Plastic parts manufacturing; Manufacturing of plastic packing boxes and containers. (according to)
