Statement
This asset valuation report is prepared in accordance with the basic standards for asset valuation issued by the Ministry of Finance and the professional ethics and practice standards for asset valuation issued by the China Appraisal Society.
II. The asset valuation institution and its asset valuation professionals abide by laws, administrative regulations, and asset valuation standards, uphold the principles of independence, objectivity, and fairness, and are legally responsible for the asset valuation report issued.
III. The asset valuation institution and asset valuation professionals have no existing or expected interest relationship with the valuation object and the relevant parties, and have no bias towards the relevant parties.
IV. The list of assets and liabilities involved in the valuation object and the enterprise operation forecast information are declared by the relevant parties and confirmed by their signatures, seals, or other legally permitted methods; the relevant parties are legally responsible for the authenticity, completeness, and legality of the information provided.
V. The asset appraiser has conducted on-site investigations of the valuation object and the assets involved; has paid necessary attention to the legal ownership status of the valuation object and the assets involved, has inspected the legal ownership information of the valuation object and the assets involved, has disclosed all discovered problems truthfully, and has requested the client and other relevant parties to improve the property rights to meet the requirements for issuing the asset valuation report.
VI. The analysis, judgment, and results in the asset valuation report issued by this asset valuation institution are limited by the assumptions and restrictions stated in the asset valuation report. The user of the asset valuation report should fully consider the assumptions, restrictions, special matters described in the asset valuation report, and their impact on the valuation conclusion.
VII. The client or other users of the asset valuation report shall use the asset valuation report in accordance with the scope of use specified in laws, administrative regulations, and the asset valuation report; the asset valuation institution and asset valuation professionals shall not be liable if the client or other users of the asset valuation report violate the aforementioned provisions.
The asset valuation report is only for the use of the client, other users of the asset valuation report as stipulated in the asset valuation委托 contract, and users of the asset valuation report as stipulated by laws and administrative regulations; other institutions and individuals cannot be users of the asset valuation report.
The asset valuation institution and asset valuation professionals remind users of the asset valuation report to correctly understand and use the valuation conclusion. The valuation conclusion is not equivalent to the realizable price of the valuation object, and the valuation conclusion should not be considered a guarantee of the realizable price of the valuation object.
VIII. In this asset valuation report, for all tables or text statements with units of ten thousand yuan, any discrepancy between the total count and the sum of the itemized values is due to rounding.
Asset Valuation Report Summary
Gansu Haoliang New Energy Materials Co., Ltd.:
Zhejiang Zhongqi Hua Asset Appraisal Co., Ltd. accepted the entrustment of your company, abided by the provisions of laws, administrative regulations, and asset valuation standards, upheld the principles of independence, objectivity, and fairness, and adopted the income approach and market approach, and followed necessary valuation procedures to assess the market value of the total shareholder equity of Gansu Haoliang New Energy Materials Co., Ltd. as of the valuation base date of December 31, 2025. The summary of the asset valuation report is as follows:
Valuation Purpose: To provide a value reference for the equity transfer of shareholders of Gansu Haoliang New Energy Materials Co., Ltd.