300835SZSE

Asset Appraisal Report on Recoverable Amount of Asset Group Related to Goodwill

Sinomag Technology Co., Ltd.··25 pages

✨ AI Summary

Anhui Longci Technology Co., Ltd. commissioned Jiangsu Huaxin Asset Appraisal Co., Ltd. to appraise the recoverable amount of the asset group related to goodwill. The appraisal concluded that the recoverable amount of the asset group related to goodwill is RMB 118,678,100.00 as of December 31, 2025. This appraisal is for financial reporting purposes.

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Full Translation

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This report is prepared in accordance with the Chinese Asset Appraisal Standards.

Anhui Longci Technology Co., Ltd. commissioned Jiangsu Huaxin Asset Appraisal Co., Ltd. to appraise the recoverable amount of the asset group related to goodwill, which is involved in the impairment test of goodwill for financial reporting purposes.

Asset Appraisal Report

Su Hua Ping Bao Zi [2026] No. 111

(1 Volume, 1st Volume)

Jiangsu Huaxin Asset Appraisal Co., Ltd.

April 1, 2026

China Appraisal Society

Asset Appraisal Business Report Filing Receipt

Report Code: 3232020009202600301 Contract Number: 2026-111 Report Type: Statutory Appraisal Business Asset Appraisal Report Report Number: Su Hua Ping Bao Zi [2026] No. 111 Report Name: Recoverable Amount of Asset Group Related to Goodwill Involved in Impairment Test of Goodwill by Anhui Longci Technology Co., Ltd. for Financial Reporting Purposes Appraisal Conclusion: RMB 118,678,100.00 Appraisal Report Date: April 1, 2026 Appraisal Institution Name: Jiangsu Huaxin Asset Appraisal Co., Ltd. Signatories: Ji Gang (Certified Appraiser) Member Number: 32160022 Wang Yingyue (Certified Appraiser) Member Number: 32200143 Ji Gang and Wang Yingyue have acknowledged their real names.

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Note: This report filing receipt only proves that this report has been filed in the business reporting management system, and does not serve as the basis for the Association's certification or approval of this report, nor does it serve as a basis for the asset appraisal institution and its signing asset appraisal professionals to be exempted from relevant legal responsibilities. Filing Receipt Generation Date: April 1, 2026 ICP Filing Number: Jing ICP Bei 2020034749

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