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Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd. Proposed Cash Acquisition of Partial Equity in Suzhou Chengrui Technology Co., Ltd. Asset Appraisal Report on the Total Shareholders' Equity Value of Suzhou Chengrui Technology Co., Ltd.
Jinzheng Appraisal Zi [2026] No. A0500
(Volume 1 of 1)
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Jinzheng (Shanghai) Asset Appraisal Co., Ltd.
June 22, 2026
China Appraisal Society
Asset Appraisal Business Report Filing Return
Report Code: 3132020024202600369
Contract Number: Jinzheng Contract Zi [2026] A04027
Report Type: Statutory Asset Appraisal Business Report
Report Document Number: Jinzheng Appraisal Zi [2026] A0500
Report Name: Asset Appraisal Report on the Total Shareholders' Equity Value of Suzhou Chengrui Technology Co., Ltd. Involved in the Proposed Cash Acquisition of Partial Equity by Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd.
Appraisal Conclusion: 143,000,000.00 RMB
Appraisal Report Date: June 22, 2026
Appraisal Agency: Jinzheng (Shanghai) Asset Appraisal Co., Ltd.
Signatories: Chen Leisheng (Asset Appraiser) Membership No.: 31180013
Ren Ningning (Asset Appraiser) Membership No.: 31190148
Chen Leisheng, Ren Ningning have signed and acknowledged
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Note: This filing return only serves as proof that the report has been filed with the business filing management system. It does not serve as the Association's certification or endorsement of this report, nor does it serve as the basis for exempting the asset appraisal agency and its signing asset appraisers from relevant legal liabilities.
Filing Return Generation Date: June 22, 2026
ICP Filing: Jing ICP Bei 2020034749
Table of Contents
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Statement
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Summary
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Main Text
I. Overview of the Client, the Appraised Entity, and Other Users of the Appraisal Report
II. Purpose of Appraisal
III. Appraisal Object and Scope
IV. Value Type
V. Appraisal Base Date
VI. Basis for Appraisal
VII. Appraisal Methods
VIII. Implementation Process and Situation of Appraisal Procedures
IX. Appraisal Assumptions
X. Appraisal Conclusion
XI. Explanation of Special Matters
XII. Restrictions on the Use of the Appraisal Report
XIII. Date of the Appraisal Report
- Attachments
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 Asset Appraisal Professional Ethics Guidelines issued by the China Appraisal Society.
II. The client or other users of the asset appraisal report shall use the asset appraisal report within the scope of use stated in the report in accordance with laws, administrative regulations, and the provisions of this asset appraisal report; the asset appraisal agency and asset appraisers shall not be held liable if the client or other users of the asset appraisal report violate the aforementioned provisions.
This asset appraisal report is for the use of the client and other users of the asset appraisal report as stipulated in the asset appraisal contract; except for this, no other organization or individual may become a user of the asset appraisal report.
The asset appraisal agency and asset appraisers remind users of the asset appraisal report to correctly understand and use the appraisal conclusion. The appraisal conclusion is not equivalent to the realizable price of the appraisal object, and the appraisal conclusion should not be considered a guarantee of the realizable price of the appraisal object.
III. The asset appraisal agency and asset appraisers abide by laws, administrative regulations, and asset appraisal standards, adhere to the principles of independence, objectivity, and fairness, and assume legal responsibility for the asset appraisal report issued.
IV. The assets and liabilities involved in the appraisal object, as well as future earnings forecast data, have been declared by the client and the appraised entity and confirmed by their signatures, seals, or other methods permitted by law; the client and other relevant parties are responsible for the authenticity, completeness, and legality of the materials provided.