[Chart: Shoujia Consulting Logo]
Appraisal Report Number: Beijing Shoujia (2026) Gu Zi No. FC20260102311
Appraisal Project Name: Appraisal of the mortgage value of the property owned by Beijing Zhongguancun Technology Development (Holding) Co., Ltd. located at Unit 302, Floor 3, Building 9, No. 6 Zuo'anmen Street, Chaoyang District, Beijing
Appraisal Client: Bank of China Limited, Beijing Haidian Branch
Real Estate Appraisal Agency: Beijing Shoujia Real Estate and Land Appraisal Co., Ltd.
Registered Real Estate Appraisers: Li Qiufang (Registration No.: 1120190022), Wu Jingping (Registration No.: 1120080064)
Date of Appraisal Report: March 16, 2026
Letter of Transmittal
To: Bank of China Limited, Beijing Haidian Branch:
As commissioned, we have appraised the value of the property owned by Beijing Zhongguancun Technology Development (Holding) Co., Ltd. located at Unit 302, Floor 3, Building 9, No. 6 Zuo'anmen Street, Chaoyang District, Beijing (the planned use is a fitness center, and the building area is 343.21 square meters) under its current conditions. The purpose of this appraisal is to provide a basis for determining the mortgage loan amount.
Based on the "Real Estate Ownership Certificate" (X Jing Fang Quan Zheng Chao Zi No. 1224509) and "Project Information Statement" provided by the property owner, the scope and status of the appraisal object are as follows:
| Real Estate Ownership Certificate No. | Property Owner | Property Location | Planned Use | Building Area (M2) | Total Floors | Floor | Structure |
|---|---|---|---|---|---|---|---|
| X Jing Fang Quan Zheng Chao Zi No. 1224509 | Beijing Zhongguancun Technology Development (Holding) Co., Ltd. | Unit 302, Floor 3, Building 9, No. 6 Zuo'anmen Street, Chaoyang District | Fitness Center | 343.21 | 25 (-2) | 3 | Steel-Concrete |
Valuation Date: December 16, 2025
Valuation Type: Mortgage Value
The appraisal results as of the valuation date of December 16, 2025, are as follows:
(Currency: RMB)
Value assuming no priority compensation: 10.95 million RMB
Total value in words: Ten million nine hundred and fifty thousand yuan
Comprehensive unit price: 31,894 RMB/square meter
Statutory priority compensation known to the registered real estate appraiser: 0 RMB
Total amount in words: Zero yuan
Appraised total mortgage value of the property: 10.95 million RMB
[Chart: Appraisal Summary Table]
Special Notice
(I) Due to the calculation of realization value involving financial institution loan risk management regulations, and considering the realization losses that the report user may determine based on internal regulations, this appraisal has not deducted costs and taxes for realizing the mortgage to avoid double deduction.
(II) According to the "Project Information Statement" and "Statutory Priority Compensation Survey Form" provided by the property owner, the appraisal object has already set up mortgage rights. As of the valuation date, these mortgage rights have not been cancelled. We have confirmed with the client that these mortgage rights will be cancelled before the mortgage registration. This appraisal does not consider the impact of these mortgage rights on the valuation results.
(III) According to the "Project Information Statement" and site inspection by appraisers, the appraisal object has been combined with units 301, 303, 310, and 311. This appraisal considers the impact of this combination on the value of the object but does not consider the costs and time required to restore the property to its original state upon disposal.
(IV) According to the "Real Estate Ownership Certificate" (X Jing Fang Quan Zheng Chao Zi No. 1224509), the planned use is a fitness center. The property owner provided "Project Information Statement" and site inspection indicates the object is currently used for commercial purposes. This appraisal uses the use specified in the "Real Estate Ownership Certificate" as the basis.