Board of Directors' Statement on the Independence of the Appraisal Institution, Reasonableness of Appraisal Assumptions, Relevance of Appraisal Methods to Appraisal Objectives, and Fairness of Appraisal Pricing

Shenzhen Guanghetong Wireless Co., Ltd. Board of Directors

Statement on the Independence of the Appraisal Institution, Reasonableness of Appraisal Assumptions, Relevance of Appraisal Methods to Appraisal Objectives, and Fairness of Appraisal Pricing

Shenzhen Guanghetong Wireless Co., Ltd. (hereinafter referred to as the "Company") intends to acquire 37.16% of the shares of Shenzhen Haisheng Electronics Co., Ltd. (hereinafter referred to as the "Target Company" or "Haisheng Electronics") by paying cash, and to control the Target Company through an acting-in-concert agreement (hereinafter referred to as the "Transaction"). Upon completion of the Transaction, Haisheng Electronics will become a controlling subsidiary of the Company.