Asset Appraisal Report on the Total Equity Value of Shareholders of Changxing Xinyuan Industrial Technology Co., Ltd. Involved in the Proposed Equity Transfer by Ingenic Semiconductor Co., Ltd.

Asset Appraisal Report on the Total Equity Value of Shareholders of Changxing Xinyuan Industrial Technology Co., Ltd. Involved in the Proposed Equity Transfer by Ingenic Semiconductor Co., Ltd.

Report No.: Hu Zhong Ping Bao Zi (2026) No. 0969

(1 Volume, Volume 1)

Shanghai Zhonghua Assets Appraisal Co., Ltd.

August 5, 2026

China Appraisal Society

Asset Appraisal Business Filing Receipt

Report Code: 3131020020202601331

Contract No.: 26-Zhong G-000698

Report Type: Statutory Asset Appraisal Report

Report Document No.: Hu Zhong Ping Bao Zi (2026) No. 0969

Report Name: Asset Appraisal Report on the Total Equity Value of Shareholders of Changxing Xinyuan Industrial Technology Co., Ltd. Involved in the Proposed Equity Transfer by Ingenic Semiconductor Co., Ltd.

Appraisal Conclusion: 10,387,215.72 RMB

Appraisal Report Date: August 5, 2026

Appraisal Institution: Shanghai Zhonghua Assets Appraisal Co., Ltd.

Signatories:

Yu Cihang (Asset Appraiser) Membership No.: 31220020

Huang Guoa (Asset Appraiser) Membership No.: 21110003

Yu Cihang and Huang Guoa have verified this report.

[Chart: QR code for business information]

Note: This filing receipt only serves as proof that the report has been filed in the business management system. It does not constitute the Association's certification or endorsement of the report, nor does it exempt the appraisal institution or its signing professionals from relevant legal liabilities.

Filing Receipt Generation Date: August 5, 2026

ICP Filing: Jing ICP 2020034749

Table of Contents

Statement 1

Summary 3

Main Text 5

1. Client, Appraised Entity, and Other Users of the Appraisal Report as Agreed in the Appraisal Contract 5

2. Purpose of Appraisal 11

3. Appraisal Object and Scope 12

4. Value Type and Definition 13

5. Appraisal Base Date 13

6. Basis for Appraisal 13

7. Appraisal Methods 16

8. Implementation Process and Situation of Appraisal Procedures 21

9. Appraisal Assumptions 23

10. Appraisal Conclusion 24

11. Special Matters 26

12. Restrictions on the Use of the Appraisal Report 28

13. Appraisal Report Date 29

Attachments 30

Statement

1. This asset appraisal report is prepared in accordance with the Basic Standards for Asset Appraisal issued by the Ministry of Finance and the Asset Appraisal Practice Standards and Code of Ethics issued by the China Appraisal Society.

2. The client or other users of the asset appraisal report shall use the asset appraisal report in accordance with the laws, administrative regulations, and the scope of use stated in the asset appraisal report. If the client or other users of the asset appraisal report violate the aforementioned usage requirements, the asset appraisal institution and asset appraisers shall not be held liable.

This asset appraisal report is for the use of the client only; apart from this, no other institution or individual may become a user of the asset appraisal report.

The asset appraisal institution and asset appraisers remind users of the asset appraisal report to correctly understand the appraisal conclusion. The appraisal conclusion is not equivalent to the realizable price of the appraisal object, and the appraisal conclusion should not be considered a guarantee of the realizable price of the appraisal object.

1. The asset appraisal institution and asset appraisers abide by laws, administrative regulations, and asset appraisal standards, adhere to the principles of independence, objectivity, and fairness, and bear legal responsibility for the asset appraisal report issued.

2. This asset appraisal report is issued based on the materials and information provided by the client and relevant parties. The authenticity, completeness, and legality of the materials and information affect the appraisal conclusion. Other materials or information regarding the subject assets may lead to appraisal conclusions inconsistent with this report.

3. The asset appraisal institution and asset appraisers have no existing or expected interest in the appraisal object in the asset appraisal report; they have no existing or expected interest in the relevant parties, and have no bias against the relevant parties.