Hunan Hualing Cable Co., Ltd. Board of Directors' Statement on the Independence of the Appraisal Agency, Reasonableness of Appraisal Assumptions, Relevance of Appraisal Methods to Appraisal Objectives, and Fairness of Appraisal Pricing

Hunan Hualing Cable Co., Ltd. Board of Directors' Statement on the Independence of the Appraisal Agency, Reasonableness of Appraisal Assumptions, Relevance of Appraisal Methods to Appraisal Objectives, and Fairness of Appraisal Pricing

Hunan Hualing Cable Co., Ltd. (hereinafter referred to as the "Company") proposes to issue convertible corporate bonds to Wu Genhong and Jiang Yuan to acquire a 35% equity stake in Anhui Sanzhu Intelligent Technology Co., Ltd. (hereinafter referred to as "Anhui Sanzhu"), and to issue shares to Hualing Jinshan (Tianjin) Industrial Investment Fund Partnership (Limited Partnership) to raise supporting funds (hereinafter referred to as the "Transaction").