狮头科技发展股份有限公司董事会 关于评估机构的独立性、评估假设前提的合理性、评估方 法与评估目的的相关性以及评估定价的公允性的说明 本次评估实施了必要的评估程序，遵循了独立性、客观性、科学性、公正 性等原则，运用了合规且符合评估对象实际情况的评估方法，评估结果客观、 公正地反映了评估基准日评估对象的实际情况，本次评估结果具有公允性。本 次交易的交易各方参考标的资产的评估价格协商确定交易价格，标的资产的评 估定价公允，本次交易标的资产定价方式合理，交易价格公允。 本次交易的评估机构中联评估为符合《中华人民共和国证券法》规定的评 估机构，除为本次交易提供资产评估服务外，评估机构及其经办评估师与本次 交易各方不存在关联关系，也不存在影响其提供服务的现实及预期利益关系或 冲突，其进行评估符合客观、公正、独立的原则和要求，具有独立性。 二、评估假设前提的合理性 本次交易相关资产评估报告的评估假设前提按照国家有关法律、法规及规 范性文件的规定执行，遵循了市场通用的惯例及资产评估准则，符合评估对象 的实际情况，评估假设前提具有合理性。 三、评估方法与评估目的的相关性 本次评估目的是为本次交易提供合理的作价依据，资产评估机构 ...

货币资金—银行存款评估明细表 评估基准日：2025年2月28日 被评估企业：常州玻璃钢造船厂有限公司 金额单位：人民币元 序号 开户银行 账号 币种 账面价值 评估价值 增值率% 备注 - - - - - - - - - - 合 计 81,535,651.46 81,535,651.46 - 被评估企业填表人：郑嫔 评估人员：王嘉艳 填表日期：2025年3月20日 共155页第2页 货币资金—其他货币资金评估明细表 评估基准日：2025年2月28日 被评估企业：常州玻璃钢造船厂有限公司 金额单位：人民币元 序号 名称及内容 账号 用途 账面价值 评估价值 增值率% 备注 - - - - - - 合 计 13,865,875.74 13,865,875.74 - 被评估企业填表人：郑嫔 评估人员：王嘉艳 填表日期：2025年3月20日 共155页第3页 应收账款评估明细表 评估基准日：2025年2月28日 被评估企业：常州玻璃钢造船厂有限公司 金额单位：人民币元 序号 欠款单位名称（结算对象) 业务内容 发生日期 账面价值 评估价值 增值率% 备注 共155页第4页 应收账款评估明细表 评估基准日：2025年2 ...

Core Viewpoint - Chengdu Huashen Technology Group Co., Ltd. plans to transfer its 51% stake in Tibet Kangyu Pharmaceutical Co., Ltd., and an asset evaluation report has been prepared to assess the market value of the entire equity of Tibet Kangyu Pharmaceutical as of April 30, 2025 [1][4][17]. Group 1: Evaluation Purpose and Scope - The purpose of the asset evaluation is to provide a market value reference for the transfer of the 51% stake in Tibet Kangyu Pharmaceutical, which has been approved by the management of Chengdu Huashen Technology Group [4][15]. - The evaluation object includes all equity of Tibet Kangyu Pharmaceutical related to the 51% stake being transferred, and the evaluation scope encompasses all assets and liabilities reported by Tibet Kangyu as of the evaluation benchmark date [5][17]. Group 2: Financial Overview - As of April 30, 2025, the book value of the equity of Tibet Kangyu Pharmaceutical included in the evaluation is 47.6827 million RMB [5][18]. - The total assets of Tibet Kangyu Pharmaceutical as of the evaluation date are 122.8727 million RMB, with current assets amounting to 121.7788 million RMB and non-current assets at 1.0940 million RMB [18]. - The total liabilities amount to 75.1900 million RMB, with current liabilities at 74.0933 million RMB and non-current liabilities at 1.0967 million RMB [18]. Group 3: Financial Performance - The operating income for the year 2022 was 367.0327 million RMB, with a net profit of 103.825 million RMB [14]. - For the year 2023, the operating income was 368.7942 million RMB, and the net profit was 174.047 million RMB [14]. - The projected operating income for the first four months of 2025 is 220.4142 million RMB, with a net profit of 28.961 million RMB [14].

平顶山天安煤业股 份有限公司拟转让股权所涉及的 公司股东全部权益价值-资产评估报告 目 录 一、 委托人、被评估单位和资产评估委托合同约定的其他资产评估报告使用人概况 网址：http://www.caa—bj.com.cn 电话：010— 88395166 传真：010—88395661 邮编：100044 地址：北京市西城区车公庄大街 9 号院五栋大楼 B1 栋 13 层 邮箱： zhongtianhua@zthcpv.com 平顶山天安煤业股份有限公司拟转让股权所涉及的 四、评估对象涉及的资产、负债清单由委托人、被评估单位申报并经其采用签名、 盖章或法律允许的其他方式确认；委托人和其他相关当事人依法对其提供资料的真实 性、完整性、合法性负责。 平顶山天安煤业香山矿有限公司股东全部权益价值-资产评估报告 声 明 一、本资产评估报告依据财政部发布的资产评估基本准则和中国资产评估协会发 布的资产评估执业准则和职业道德准则编制。 二、委托人或者其他资产评估报告使用人应当按照法律、行政法规规定及本资产 评估报告载明的使用范围使用资产评估报告；委托人或者其他资产评估报告使用人违 反前述规定使用资产评估报告的，本资产评 ...

茫崖源鑫能源有限公司拟股权收购所涉及 巴州鲁新鼎盛燃气有限公司股东全部权益价值 资产评估报告 声 明 一、本资产评估报告依据财政部发布的资产评估基本准则和中国资产评估协 会发布的资产评估执业准则和职业道德准则编制。 二、委托人或者其他资产评估报告使用人应当按照法律、行政法规规定和本 资产评估报告载明的使用范围使用资产评估报告；委托人或者其他资产评估报告 使用人违反前述规定使用资产评估报告的，本资产评估机构及资产评估师不承担 责任。 本资产评估报告仅供委托人、资产评估委托合同中约定的其他资产评估报告 使用人和法律、行政法规规定的资产评估报告使用人使用；除此之外，其他任何 机构和个人不能成为资产评估报告的使用人。 本资产评估机构及资产评估师提示资产评估报告使用人应当正确理解和使 用评估结论，评估结论不等同于评估对象可实现价格，评估结论不应当被认为是 对评估对象可实现价格的保证。 三、本资产评估机构及资产评估师遵守法律、行政法规和资产评估准则，坚 持独立、客观和公正的原则，并对所出具的资产评估报告依法承担责任。 六、资产评估师已经对资产评估报告中的评估对象及其所涉及资产进行现场 调查；已经对评估对象及其所涉及资产的 ...

Core Viewpoint - The asset appraisal report evaluates the total equity value of Ruoqiang Yuanxin Energy Co., Ltd. for the proposed equity acquisition by Mangya Yuanxin Energy Co., Ltd., providing a fair market value as of May 31, 2025 [3][4][25]. Group 1: Appraisal Purpose and Scope - The purpose of the appraisal is to reflect the market value of the total equity of Ruoqiang Yuanxin Energy Co., Ltd. as of the appraisal benchmark date, providing a reference for the economic behavior of the proposed acquisition [3][7]. - The appraisal object is the total equity value designated by the client, covering all audited assets and related liabilities of Ruoqiang Yuanxin Energy Co., Ltd. as of the benchmark date [3][7]. Group 2: Financial Overview - The total book assets amount to 17.0735 million yuan, with current assets of 4.5667 million yuan and non-current assets of 12.5067 million yuan [3][4]. - The total liabilities are 10.0232 million yuan, consisting of current liabilities of 3.9232 million yuan and non-current liabilities of 6.1 million yuan [3][4]. Group 3: Valuation Methods and Results - The appraisal employs both the income approach and the asset-based approach, with the income approach yielding a valuation of 8.2766 million yuan, reflecting an increase of 1.2263 million yuan and a growth rate of 17.39% [4][25]. - The asset-based approach results in a valuation of 8.1745 million yuan, with an increase of 1.1242 million yuan and a growth rate of 6.58% [24][25]. - The difference between the two valuation methods is 0.1021 million yuan, with a discrepancy rate of 1.25%, indicating that the income approach is more favorable for reflecting the value of the appraisal object [25][26]. Group 4: Conclusion - The final appraisal conclusion for the total equity value of Ruoqiang Yuanxin Energy Co., Ltd. is 8.2766 million yuan, based on the income approach, which is deemed more reflective of the company's value considering its future earning potential [25][26].

Core Viewpoint - Anhui Delixi Daily Glass Co., Ltd. plans to transfer its equity in Fengyang Derui Mining Co., Ltd., and an asset evaluation report has been prepared to assess the market value of the entire equity held by Fengyang Derui Mining Co., Ltd. as of April 30, 2025 [1][6]. Group 1: Evaluation Purpose and Scope - The purpose of the evaluation is to provide a value reference for the economic behavior of transferring equity in Fengyang Derui Mining Co., Ltd. [6][11]. - The evaluation object includes all equity held by Anhui Delixi Daily Glass Co., Ltd. in Fengyang Derui Mining Co., Ltd., and the evaluation scope covers all assets and related liabilities reported by Fengyang Derui Mining Co., Ltd. as of the evaluation benchmark date [6][12]. Group 2: Evaluation Method and Results - The evaluation method used is the asset-based approach, which assesses the market value of the equity based on the balance sheet as of the evaluation benchmark date [6][22]. - As of April 30, 2025, the book value of the equity of Fengyang Derui Mining Co., Ltd. is 168.15 million yuan, with the assessed value of the entire equity being 155.50 million yuan, indicating a reduction of 12.65 million yuan, or a decrease rate of 7.53% [6][10]. Group 3: Financial Overview - The financial data for Fengyang Derui Mining Co., Ltd. shows total assets of 168.15 million yuan, with current assets of 21.42 million yuan and non-current assets of 146.73 million yuan as of April 30, 2025 [13][10]. - The company has no significant liabilities, with total liabilities reported as 0.01 million yuan [10][13]. Group 4: Company Background - Anhui Delixi Daily Glass Co., Ltd. is a publicly listed company established on October 16, 2002, with a registered capital of 391.95 million yuan, primarily engaged in the manufacturing and sales of glass products [8][11]. - Fengyang Derui Mining Co., Ltd. was established on December 2, 2011, with a registered capital of 120 million yuan, focusing on the sales of non-metallic mineral products [9][11].

Core Viewpoint - Anning Co., Ltd. plans to acquire 100% equity of Jingzhi Mineral and its subsidiaries for 6.508 billion yuan, raising concerns about the high premium and associated risks given its financial situation and past performance [1][3][5]. Group 1: Acquisition Details - The acquisition involves a cash payment of 6.508 billion yuan for Jingzhi Mineral and its subsidiaries, which is significantly higher than Anning's total liquid assets of approximately 4.8 billion yuan as of March 31, 2025 [1]. - Anning previously attempted to acquire Jingzhi Mineral in 2023 but withdrew due to the inflated bidding price, which reached 6.508 billion yuan from an initial 1.738 billion yuan [2][3]. Group 2: Financial Assessment - As of March 31, 2025, Jingzhi Mineral reported a net asset of -3.74 billion yuan, primarily due to substantial liabilities [3]. - The valuation methods used for the acquisition yielded estimated values of 5.2 billion yuan and 6.89 billion yuan, resulting in an extraordinary appreciation rate of 1358.41% and 1831.95% respectively [4]. Group 3: Risks and Concerns - The acquisition faces significant uncertainties regarding the resumption of operations, as Jingzhi Mineral has been inactive since 2015 and requires numerous approvals to restart [8]. - There are no performance guarantees associated with the acquisition, which is atypical for such transactions, especially given the long period of inactivity [9][11]. - The major shareholder's equity is currently frozen due to legal issues, raising concerns about the transfer of ownership [11]. - The declining prices of titanium concentrate further complicate the financial outlook for Jingzhi Mineral, indicating weak downstream demand in the industry [12].

Summary of Key Points Core Viewpoint - Tianrun Industrial Technology Co., Ltd. is planning to acquire the entire equity of Shandong Altai Auto Parts Co., Ltd., and an asset valuation report has been prepared to provide a value reference for this acquisition [6][8]. Group 1: Valuation Overview - The valuation was conducted by Beijing Zhongtianhua Asset Appraisal Co., Ltd. based on the market value of the entire equity of Shandong Altai Auto Parts Co., Ltd. as of March 31, 2025 [6][8]. - The total asset book value of Shandong Altai Auto Parts Co., Ltd. is assessed at 631.0554 million RMB, with an increase of 118.2526 million RMB, resulting in a growth rate of 23.06% [7]. - The total liability valuation is 495.7601 million RMB, leading to a net asset valuation of 135.2953 million RMB, with an increase of 118.2526 million RMB, resulting in a growth rate of 693.86% [7]. Group 2: Financial Data - As of December 31, 2024, the total assets were 499.9458 million RMB, and by March 31, 2025, they increased to 512.8028 million RMB [12]. - The total liabilities increased from 478.9254 million RMB to 495.7601 million RMB during the same period [12]. - The net assets decreased from 21.0204 million RMB to 17.0427 million RMB, indicating a decline in financial health [12][13]. Group 3: Company Background - Shandong Altai Auto Parts Co., Ltd. was established in June 2013 with an initial registered capital of 8 million USD [9]. - The company specializes in the design, development, production, and sales of automotive parts, including crankshafts and machine tools [9]. - The ownership structure has undergone several changes, with the current major shareholder being Jiangsu Dongxi Engine Parts Co., Ltd., holding 74.42% of the equity [11][12].

Core Viewpoint - Guangdong Kaisa Jiyun Technology Co., Ltd. plans to transfer equity involving Beijing Jinyuan Interactive Technology Co., Ltd., necessitating an asset valuation report to assess the total equity value of the shareholders [1][5][14]. Group 1: Valuation Purpose and Scope - The purpose of the valuation is to provide a reference for the equity transfer of Beijing Jinyuan Interactive Technology Co., Ltd. as of December 31, 2024 [5][14]. - The valuation object includes the total equity value of Beijing Jinyuan Interactive Technology Co., Ltd., covering all assets and liabilities, including current assets, non-current assets (long-term equity investments, fixed assets), and current liabilities [5][14]. Group 2: Valuation Methodology and Results - The valuation method employed is the asset-based approach, with a valuation date set for December 31, 2024 [5][14]. - The total asset book value is reported at 36,998,900 CNY, with a valuation of 35,163,800 CNY, indicating a reduction of 1,835,100 CNY, or a decrease rate of 4.96% [5][6][14]. - Total liabilities are recorded at 32,500,500 CNY, with no change in valuation, while net assets show a book value of 4,498,400 CNY and a valuation of 2,663,300 CNY, reflecting a reduction of 1,835,100 CNY, or a decrease rate of 40.79% [5][6][14]. Group 3: Financial Overview - The financial data indicates a significant decline in net assets and overall equity, with the total equity value decreasing from 4,498,400 CNY to 2,663,300 CNY [5][6][10]. - The recent financial performance shows a trend of decreasing revenues and increasing costs, impacting the overall profitability of the company [10][12][13].