Board of Directors' Statement on Changing the Appraisal Agency and the Independence, Reasonableness of Assumptions, Relevance of Methods, and Fairness of Valuation

Beijing Leadingman Bio-chemical Co., Ltd.

Board of Directors' Statement on Changing the Appraisal Agency and the Independence, Reasonableness of Assumptions, Relevance of Methods, and Fairness of Valuation

Beijing Leadingman Bio-chemical Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") plans to acquire 235,040,700 shares of Beijing Leadingman Bio-chemical Co., Ltd. (hereinafter referred to as "Shengyuan Rui") (representing 61.50% of Shengyuan Rui's issued share capital) from Hainan Baimai Investment Co., Ltd., Hainan Shensheng Baijiahui Technology Development Co., Ltd., and Nanjing Baijiarui Enterprise Management Consulting Partnership (Limited Partnership) (hereinafter referred to as "the Transaction") through cash payment.

The Company had originally appointed Gold Certificate (Shanghai) Asset Appraisal Co., Ltd. as the appraisal agency for this Transaction. To better promote the matters related to this Transaction, after negotiation between the Company and Gold Certificate (Shanghai) Asset Appraisal Co., Ltd., both parties agreed to terminate the委托 relationship. The Company has changed the appraisal agency for this Transaction to Zhonglian International Real Estate Appraisal Consulting (Guangdong) Co., Ltd.