This report is prepared based on the Chinese Asset Valuation Standards for the asset valuation report regarding the total equity value of Huayi Microelectronics Co., Ltd. involved in the proposed equity purchase by Tianshui Huati Technology Co., Ltd. (Zhonglian Hu Ping Zi [2026] No. 009), consisting of one volume, prepared by Zhonglian Asset Valuation Consulting (Shanghai) Co., Ltd. on February 6, 2026.
Statement
- This asset valuation report is prepared in accordance with the basic asset valuation standards issued by the Ministry of Finance and the professional standards and ethical guidelines issued by the China Asset Valuation Association.
- The client or other users of this asset valuation report must use the report within the scope specified in this asset valuation report and according to the laws and regulations. The asset valuation institution and its professionals shall not be liable for any misuse of the report by the client or other users. This asset valuation report is only for the client, other users specified in the asset valuation contract, and those authorized by laws and regulations; no other institutions or individuals may use this report.
- The authenticity, legality, and completeness of the information provided by the client and other relevant parties are prerequisites for the validity of the valuation conclusions. The list of assets and liabilities included in the valuation, as well as the necessary financial forecasts and ownership documents, have been declared by the client and confirmed by the assessed unit.
- The asset valuation institution and its professionals have no existing or anticipated interest relationships with the valuation objects in this asset valuation report; there is no bias against relevant parties.
- The asset valuers have conducted on-site investigations of the valuation objects and their related assets; they have paid necessary attention to the legal ownership status of the valuation objects and verified the legal ownership documents, disclosing any issues found and urging the client and other relevant parties to improve ownership to meet the requirements for issuing the asset valuation report.
- The analysis, judgments, and results in the asset valuation report are subject to the assumptions and limitations stated in the report. Users of the asset valuation report should fully consider the assumptions, limitations, special notes, and their impact on the valuation conclusions.
- The asset valuation institution and its professionals comply with laws, regulations, and asset valuation standards, adhering to the principles of independence, objectivity, and fairness, and bear legal responsibility for the asset valuation report issued.