[Chart: Shoujia Consulting and CAA logos]
Appraisal Report Number: Beijing Shoujia (2026) Gu Zi No. FC20260102314
Appraisal Project Name: Mortgage valuation of property located at Room 311, Floor 3, Building 9, No. 6 Zuoja Zhongjie, Chaoyang District, Beijing, owned by Beijing Zhongguancun Science-Tech Development (Holding) Co., Ltd.
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
Address: 7th Floor, Block B, Haocheng International Center, No. 116 Zizhuyuan Road, Haidian District, Beijing Contact Number: 010-58930818
[Chart: Letter of Transmittal]
Letter of Transmittal
To: Bank of China Limited, Beijing Haidian Branch
Upon your commission, we have appraised the market value of the commercial property (Building Area: 347.95 square meters) located at Room 311, Floor 3, Building 9, No. 6 Zuoja Zhongjie, Chaoyang District, Beijing, owned by Beijing Zhongguancun Science-Tech Development (Holding) Co., Ltd. The purpose of this appraisal is to provide a basis for determining the mortgage loan amount.
Based on the Property Ownership Certificate (X Jing Fang Zheng Chao Zi No. 1224459) and project information provided by the property owner, the scope and characteristics of the appraisal object are as follows:
| Property Certificate No. | Property Owner | Property Location | Usage | Building Area (m2) | Total Floors | Floor | Structure |
|---|---|---|---|---|---|---|---|
| X Jing Fang Zheng Chao Zi No. 1224459 | Beijing Zhongguancun Science-Tech Development (Holding) Co., Ltd. | Room 311, Floor 3, Building 9, No. 6 Zuoja Zhongjie, Chaoyang District | Commercial | 347.95 | 25 (-2) | 3 | Steel-concrete |
Valuation Date: December 16, 2025 Valuation Type: Mortgage Value
The appraisers have followed appraisal principles, national regulations, and procedures, utilizing market comparison and income approaches to determine the following result as of December 16, 2025 (Currency: RMB):
Value assuming no statutory priority claims: Total Value: 11.1 million RMB In words: Eleven million one hundred thousand RMB only Unit Price: 31,894 RMB/square meter
Statutory priority claims known to the appraiser: Total Amount: 0 RMB In words: Zero RMB only
Appraised Mortgage Value: Total Value: 11.1 million RMB In words: Eleven million one hundred thousand RMB only Unit Price: 31,894 RMB/square meter
[Chart: Appraisal result summary table]
Special Notice: (1) Given the calculation of mortgage liquidation value and potential realization losses, this appraisal does not deduct costs and taxes associated with the realization of the mortgage. (2) Based on the project information provided, the property is subject to mortgage rights. The appraiser confirms that these will be cleared prior to the registration of the new mortgage; therefore, this appraisal does not account for the impact of existing mortgage rights. (3) Based on site inspection, the appraisal object is used in conjunction with rooms 301, 302, 303, and 310. This appraisal evaluates the unit as integrated, without considering the costs or time required to restore the property to its original state. (4) The Property Ownership Certificate does not state the construction year. Based on information provided by the owner, the building was completed in 2008, which serves as the basis for this appraisal. (5) The land use rights expiration date is May 25, 2053, resulting in a remaining term of 27.4 years as of the valuation date.
Legal Representative: [blank] Beijing Shoujia Real Estate and Land Appraisal Co., Ltd. March 16, 2026
Contents Appraisal Statement 1 Appraisal Assumptions and Limiting Conditions 2 Appraisal Results 5 Appraisal Technical Report 21