002403SZSE

Zhonglian Appraisal - Shanghai SongSheng Robotics 2025 Impairment Test Asset Appraisal Report

Aishida Co., Ltd.·

✨ AI Summary

This report details the asset appraisal for the impairment test of goodwill related to Shanghai SongSheng Robotics. The purpose is to estimate the recoverable amount of the asset group containing goodwill for financial reporting. The recoverable amount is estimated at RMB 1,500.00 million, based on future cash flows. The report highlights key assumptions and potential risks affecting the conclusion.

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Full Translation

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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 and practice standards for asset appraisal issued by the China Appraisal Society.

II. The client and other users of the asset appraisal report shall use the asset appraisal report in accordance with the provisions of laws and administrative regulations and the scope of use specified in this asset appraisal report. The appraisal institution and the appraiser shall not be liable for any violation of the foregoing provisions by the client or other users of the asset appraisal report.

III. This asset appraisal report is only for the use of the client, other users of the asset appraisal report as stipulated in the asset appraisal entrustment contract, and users of the asset appraisal report as stipulated by laws and administrative regulations. Any other institution or individual shall not be a user of the asset appraisal report.

The appraisal institution and appraisers remind users of the asset appraisal report to correctly understand and use the appraisal conclusions. The appraisal conclusions are not equivalent to the achievable price of the appraised object, and the appraisal conclusions shall not be considered a guarantee of the achievable price of the appraised object.

IV. The authenticity, legality, and completeness of the information provided by the client and other related parties are the prerequisites for the effectiveness of the appraisal conclusions. The scope of the asset group containing goodwill has been declared by the client and confirmed by their seal or other means. The forecast of future cash flows or financial budget of the asset group has been approved by the client's management. The client promises that the identification of the asset group containing goodwill and the forecast of future cash flows comply with the enterprise accounting standards.

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