Appraisal Report Dongzhou Appraisal Report [2026] No. 1414
Statement
I. This asset appraisal report is prepared in accordance with the Basic Standards for Asset Appraisal and the Professional Ethics and Professional Conduct Standards for Asset Appraisal issued by the Ministry of Finance and the China Appraisal Society.
II. The client or other users of the asset appraisal report shall use the asset appraisal report in accordance with the laws, administrative regulations, and the scope of use specified in the asset appraisal report; the appraisal institution and appraisers shall not be liable for any violation of the foregoing provisions by the client or other users of the asset appraisal report.
III. The asset appraisal report is only for the use of the client, other asset appraisal report users specified in the asset appraisal entrustment contract, and users of the asset appraisal report stipulated by laws and administrative regulations; no other institution or individual may use the asset appraisal report.
IV. Users of the asset appraisal report should correctly understand and use the appraisal conclusion. The appraisal conclusion is not equivalent to the achievable price of the appraised asset, nor should it be considered a guarantee of the achievable price of the appraised asset.
V. Users of the asset appraisal report should pay attention to the assumptions on which the appraisal conclusion is based, the special matters described in the appraisal report, and the limitations on its use.
VI. The appraisal institution and its appraisers comply with laws, administrative regulations, and appraisal standards, adhere to the principles of independence, objectivity, and fairness, and shall be legally liable for the asset appraisal report issued.
VII. We have no existing or expected interest relationship with the appraised asset or the appraised asset in this asset appraisal report; we have no existing or expected interest relationship with related parties and are not biased against related parties.
VIII. The list of assets and liabilities involved in the appraised asset is declared by the client and the appraised entity and confirmed by their signatures, seals, or other legally permitted methods. According to the "Asset Appraisal Law of the People's Republic of China": "The client shall be responsible for the authenticity, completeness, and legality of the ownership certificates, accounting information, and other materials provided by them."
IX. We have conducted on-site investigations of the appraised asset and the assets involved; we have paid necessary attention to the legal ownership of the appraised asset and the assets involved and have verified the legal ownership documents of the assets involved. Any matters that may have a significant impact on the appraisal conclusion that have been discovered have been truthfully disclosed in this asset appraisal report, and the client and other relevant parties have been urged to improve their property rights to meet the requirements for issuing the asset appraisal report. However, we only express opinions on the value of the appraised asset and the assets involved, and we have no right to guarantee their legal ownership in any form. This report shall not be used as any form of property ownership certificate.
X. Our investigation of tangible assets such as equipment, buildings (structures), etc., is generally limited to their surface quality, usability, and maintenance status, and does not cover internal concealed, hidden, or difficult-to-observe parts. We are not capable of, nor have we been entrusted to, conduct professional technical testing and appraisal of the internal quality of the above assets. Our appraisal is based on the information provided by the client and other relevant parties. If there are defects in the internal quality of these appraised assets, the appraisal conclusion of this asset appraisal report may be affected to varying degrees.