[Chart: Appraisal Report Cover]
Appraisal Report Number: Beijing Shoujia (2026) Gu Zi No. FC20260102313 Appraisal Project Name: Appraisal of the mortgage value of the property owned by Beijing Zhongguancun Science-Tech Development (Holding) Co., Ltd. located at Unit 310, 3rd Floor, Building 9, No. 6 Zuoja Zhongjie, Chaoyang District, Beijing Appraisal Client: Bank of China Limited, Beijing Haidian Branch Real Estate Appraisal Agency: Beijing Shoujia Real Estate Appraisal Co., Ltd. Registered Real Estate Appraisers: Li Qiufang (Registration No.: 1120190022), Wu Jingping (Registration No.: 1120080064) Date of Appraisal Report Issuance: March 16, 2026
[Chart: Letter of Transmittal]
Letter of Transmittal
To: Bank of China Limited, Beijing Haidian Branch We have appraised the market value of the property owned by Beijing Zhongguancun Science-Tech Development (Holding) Co., Ltd. located at Unit 310, 3rd Floor, Building 9, No. 6 Zuoja Zhongjie, Chaoyang District, Beijing (planned use: commercial) under current utilization conditions. This appraisal is intended to provide a reference for determining the mortgage loan amount.
Based on the Property Ownership Certificate (X Jing Fang Quan Zheng Chao Zi No. 1224436) and the Project Description provided by the property owner, the scope and status of the appraisal object are as follows:
| Property Ownership Certificate No. | Property Owner | Property Location | Planned Use | Floor Area (m2) | Total Floors | Floor Level | Structure |
|---|---|---|---|---|---|---|---|
| X Jing Fang Quan Zheng Chao Zi No. 1224436 | Beijing Zhongguancun Science-Tech Development (Holding) Co., Ltd. | Unit 310, 3rd Floor, Building 9, No. 6 Zuoja Zhongjie, Chaoyang District | Commercial | 227.14 | 25 (-2) | 3 | Steel-concrete |
Date of Value: December 16, 2025 Value Type: Mortgage Value
The appraisers have adhered to appraisal principles, relevant real estate valuation regulations, and procedures. Following site inspections and market research, and using the comparison and income approaches, we have determined the value of the appraisal object as of December 16, 2025, as follows:
(Currency: RMB) Value of the appraisal object assuming no prior encumbrances: Total value: 7.24 million RMB In words: Seven million two hundred and forty thousand yuan only Unit price: 31,894 yuan/m2 Statutory prior encumbrances known to the registered real estate appraiser: Total amount: 0 yuan In words: Zero yuan only Mortgage value of the appraisal object: Total value: 7.24 million RMB In words: Seven million two hundred and forty thousand yuan only Unit price: 31,894 yuan/m2
[Chart: Appraisal Summary Table]
Mortgage Value Appraisal Summary Table
| Item and Unit | Data and Explanation | Amount | Explanation |
|---|---|---|---|
| 1. Value assuming no prior encumbrances | Total (10,000 RMB) | 724 | |
| Unit Price (RMB/m2) | 31894 | ||
| 2. Statutory prior encumbrances known to appraiser | Total (10,000 RMB) | 0 | 2.1+2.2+2.3 |
| 2.1 Mortgage debt amount | Total (10,000 RMB) | 0 | Based on provided documents, no prior encumbrances exist. |
| 2.2 Construction project debt | Total (10,000 RMB) | 0 | Based on provided documents, no construction debt exists. |
| 2.3 Other statutory prior encumbrances | Total (10,000 RMB) | 0 | Based on provided documents, no other encumbrances exist. |
| 3. Mortgage Value | Total (10,000 RMB) | 724 | 3 = 1 - 2 |
| Unit Price (RMB/m2) | 31894 |
Special Notice: (1) Due to financial risk management regulations, this appraisal does not deduct potential realization costs or taxes. (2) Based on the Project Description and survey, the property has no prior encumbrances. (3) The appraisal considers the combined use of units 301, 302, 303, and 311. (4) The building was completed in 2008. (5) The land use rights expire on May 25, 2053, with 27.4 years remaining as of the date of value.