Asset Appraisal Report - Guofeng Xinghua Ping Bao Zi [2026] No. 080053 (Volume 1 of 1)
Appraisal Agency: Beijing Guofeng Xinghua Asset Appraisal Co., Ltd.
Appraisal Date: July 27, 2026
[Image: Company seal]
China Appraisal Society
Asset Appraisal Business Report Filing Receipt
Report Code: 1111020071202600391
Contract Number: Guofeng Xinghua (2026) 080034
Report Type: Non-statutory Asset Appraisal Report
Report Document Number: Guofeng Xinghua Ping Bao Zi [2026] No. 080053
Report Name: Asset Appraisal Report on the Total Shareholders' Equity of Jiangsu Yunchen E-commerce Co., Ltd. Involved in the Proposed Equity Transfer by Nanjing Suning Car Sales Service Co., Ltd. and Nanjing Fadiou Intelligent Technology Co., Ltd.
Appraisal Conclusion: -9,335,190,666.49 RMB
Signatories:
Tian Liang (Asset Appraiser) Membership No.: 11190333
Luo Gang (Asset Appraiser) Membership No.: 42200011
Tian Liang and Luo Gang have verified their identities.
[Chart: QR code for filing inquiry]
Note: This filing receipt only certifies that this report has been filed in the business filing management system. It does not constitute an endorsement or recognition of the report by the Association, nor does it exempt the asset appraisal agency or the signing asset appraisers from relevant legal liabilities.
Filing Receipt Generation Date: July 30, 2026
ICP Filing: Jing ICP Bei 2020034749 Hao
Table of Contents
-
Statement
-
Asset Appraisal Summary
-
Asset Appraisal Report Body
I. Client, Appraised Entity, and Other Users of the Asset Appraisal Report
II. Purpose of Appraisal
III. Appraisal Object and Scope
IV. Value Type
V. Appraisal Base Date
VI. Appraisal Basis
VII. Appraisal Methods
VIII. Implementation Process and Situation of Appraisal Procedures
IX. Appraisal Assumptions
X. Appraisal Conclusion
XI. Special Matters
XII. Restrictions on Use of Asset Appraisal Report
XIII. Date of Asset Appraisal Report
XIV. Signatures and Seals
- Attachments
Statement
I. This asset appraisal report is prepared in accordance with the Basic Standards for Asset Appraisal issued by the Ministry of Finance and the Professional Ethics Standards for Asset Appraisal issued by the China Appraisal Society.
II. The client or other users of the asset appraisal report shall use the asset appraisal report within the scope of use stipulated by laws and administrative regulations. The appraisal agency and asset appraisers shall not be held liable if the client or other users use the report in violation of these regulations.
III. The appraisal agency and asset appraisers remind users of this report to correctly understand the appraisal conclusion. The conclusion is not equivalent to the realizable price of the appraisal object and should not be considered a guarantee of the realizable price.
IV. The appraisal agency and asset appraisers abide by laws, administrative regulations, and asset appraisal standards, adhering to the principles of independence, objectivity, and fairness, and assume legal responsibility for the issued report.
V. The list of assets and liabilities involved in the appraisal object is declared by the client and the appraised entity and confirmed by signatures, seals, or other methods permitted by law. The client and other relevant parties are responsible for the authenticity, completeness, and legality of the materials provided.
VI. The appraisal agency and asset appraisers have no existing or expected interest in the appraisal object or relevant parties, and have no bias toward the relevant parties.
VII. The appraisal agency and asset appraisers have conducted on-site investigations of the appraisal object and its related assets, paid necessary attention to the legal ownership status, verified the legal ownership materials, disclosed the discovered problems truthfully, and requested the client and other relevant parties to improve property rights to meet the requirements of the asset appraisal report.