Letter of Transmittal
To: China Bank Co., Ltd. Beijing Haidian Sub-branch
Dear Sir/Madam,
We have been entrusted by you to appraise the property located at Unit 303, Building 9, 6 Courtyard, ZuoJiaZhuang Middle Street, Chaoyang District, Beijing, owned by Beijing Zhongguancun Science and Technology Development (Holdings) Co., Ltd. [Certificate of Property Rights: Jing (2020) Chao Bu Chan Quan Di No. 0062521]. The property's registered use is a fitness center, with a building area of 153.17 square meters. The purpose of this appraisal is to provide a reference for determining the mortgage loan amount.
Based on the property rights certificate provided by the owner and the "Project Description," the scope, location, scale, and ownership of the appraisal object are as follows:
Appraisal Object Overview
| Certificate No. | Right Holder | Location | Use | Building Area (M²) | Total Floors | Floor | Structure |
|---|---|---|---|---|---|---|---|
| Jing (2020) Chao Bu Chan Quan Di No. 0062521 | Beijing Zhongguancun Science and Technology Development (Holdings) Co., Ltd. | Unit 303, Building 9, 6 Courtyard, ZuoJiaZhuang Middle Street, Chaoyang District | Fitness Center | 153.17 | 25 (-2) | 3 | Reinforced Concrete |
Valuation Date: December 16, 2025
Valuation Type: Mortgage Value
The appraisers, in accordance with the valuation purpose, valuation principles, national real estate appraisal standards, regulations, and procedures, conducted on-site inspections and market research. Using the comparative and income approaches, the valuation of the appraisal object was calculated. The appraised value of the appraisal object, under all assumed conditions and restrictions, as of the valuation date of December 16, 2025, is as follows:
(Currency: RMB)
Value assuming no prior secured claims: Total value assuming no prior secured claims: RMB 4.89 million In words: Four million eight hundred ninety thousand Yuan Average floor price: RMB 31,894/square meter
Prior secured claims known to registered property appraisers: Total prior secured claims: RMB 0 In words: Zero Yuan Average floor price: RMB 31,894/square meter
Mortgage Value of the Appraisal Object: Total mortgage value: RMB 4.89 million In words: Four million eight hundred ninety thousand Yuan Average floor price: RMB 31,894/square meter
Details are as follows:
Address: 7th Floor, Block B, Jiahao International Center, No. 116 Zizhu Yuan Road, Haidian District, Beijing Contact Number: 010-58930818
Summary Appraisal Report
I. Appraisal Client and Property Owner
Appraisal Client: Name: China Bank Co., Ltd. Beijing Haidian Sub-branch
Property Owner: Name: Beijing Zhongguancun Science and Technology Development (Holdings) Co., Ltd. Address: No. 32 Zhongguancun South Street, Haidian District, Beijing Legal Representative: Xu Zhongmin
II. Real Estate Appraisal Institution
Name: Beijing Shou Jia Real Estate and Land Asset Appraisal Co., Ltd. Address: 7th Floor, Block B, Jiahao International Center, No. 116 Zizhu Yuan Road, Haidian District, Beijing Legal Representative: Xu Lina Qualification Level: Grade One Qualification Certificate Number: Jian Fang Gu Zi [2013] No. 089 Qualification Certificate Validity Period: August 8, 2025, to August 7, 2028 Business License Registration Number (Unified Social Credit Code): 9111010872261133XK Contact Person: Liu Yuan Contact Number: 010-58930818
III. Appraisal Purpose
To provide a reference for determining the mortgage loan amount.
IV. Appraisal Object
(I) Scope and Basic Status of the Appraisal Object
According to the "Property Rights Certificate" [Jing (2020) Chao Bu Chan Quan Di No. 0062521] provided by the property owner, the appraisal object is the property located at Unit 303, Building 9, 6 Courtyard, ZuoJiaZhuang Middle Street, Chaoyang District, Beijing, owned by Beijing Zhongguancun Science and Technology Development (Holdings) Co., Ltd. The registered use is a fitness center, with a building area of 153.17 square meters. It is currently used as commercial property.