Appraisal Report Number: Beijing Shoujia (2026) Gu Zi No. FC20260102282
Appraisal Project Name: Appraisal of the mortgage value of the property owned by Beijing Zhongguancun Science & Technology Development (Holding) Co., Ltd. located at Unit 301, 3rd Floor, Building 9, No. 6 Zuojiazhuang Middle 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)
Appraisal Report Issue Date: March 16, 2026
[Chart: Appraisal Report Cover]
Letter of Transmittal
To: Bank of China Limited, Beijing Haidian Branch
We have appraised the value of the property owned by Beijing Zhongguancun Science & Technology Development (Holding) Co., Ltd. located at Unit 301, 3rd Floor, Building 9, No. 6 Zuojiazhuang Middle Street, Chaoyang District, Beijing (planned use: fitness center, building area: 676.36 square meters) under its current usage conditions. The purpose of this appraisal is to provide a reference for determining the mortgage loan amount.
Based on the "Real Estate Ownership Certificate" (X Jing Fang Quan Zheng Chao Zi No. 1224447) and the "Project Information Description" provided by the property owner, the scope, location, scale, and usage 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. 1224447 | Beijing Zhongguancun Science & Technology Development (Holding) Co., Ltd. | Unit 301, 3rd Floor, Building 9, No. 6 Zuojiazhuang Middle Street, Chaoyang District | Fitness Center | 676.36 | 25 (-2) | 3 | Steel-Concrete |
Valuation Date: December 16, 2025 Valuation Type: Mortgage Value
The appraisal results as of December 16, 2025, are as follows: (Currency: RMB)
Value assuming no statutory priority claims: Total Value: 21.57 million RMB In words: Twenty-one million five hundred and seventy thousand yuan only Comprehensive unit price: 31,894 yuan/square meter
Statutory priority claims known to the registered real estate appraiser: Total amount: 0 yuan In words: Zero yuan only
Mortgage value of the appraisal object: Total mortgage value: 21.57 million RMB In words: Twenty-one million five hundred and seventy thousand yuan only Comprehensive unit price: 31,894 yuan/square meter
[Chart: Appraisal Stamp]
Summary Table of Real Estate Mortgage Valuation
| Item and Unit | Amount and Description | Amount | Note |
|---|---|---|---|
| 1. Value assuming no statutory priority claims | Total (10,000 RMB) | 2157 | |
| Unit Price (RMB/m²) | 31894 | ||
| 2. Statutory priority claims known to the appraiser | Total (10,000 RMB) | 0 | 2.1+2.2+2.3 |
| 2.1 Mortgage debt amount | Total (10,000 RMB) | 0 | [Note regarding debt status] |
| 2.2 Construction project debt | Total (10,000 RMB) | 0 | |
| 2.3 Other statutory priority claims | Total (10,000 RMB) | 0 | |
| 3. Mortgage Value | Total (10,000 RMB) | 2157 | 3=1-2 |
| Unit Price (RMB/m²) | 31894 |
Special Notice:
(1) Due to the calculation of mortgage value involving risk management regulations for financial institutions, and considering internal requirements to account for potential realization losses, this valuation does not deduct costs and taxes associated with realizing the mortgage.
(2) Based on the "Project Information Description" and "Statutory Priority Claims Survey" provided by the property owner, the appraisal object has existing mortgage rights. As of the valuation date, these rights have not been deregistered. We have confirmed with the client that these will be cleared before mortgage registration. This valuation does not account for the impact of these rights on the results.