Group 1 - The core concept of mineral resource special income refers to the various revenues collected by the state from exploration and mining rights holders in China, including mining rights transfer income, exploration rights usage fees, and mining rights usage fees [2][3] - The legal framework for mineral resource rights was established with the Mineral Resources Law in 1986, and significant reforms were introduced in 2017 and 2022 to streamline the collection process and transfer responsibilities to tax authorities [2][4] - In 2023, new regulations were issued to adjust the collection of mining rights transfer income, changing the payment structure to a combination of upfront payment and annual payments based on sales revenue [2][4] Group 2 - The mining rights transfer income is calculated as the transaction price of exploration or mining rights plus annual payments based on the sales revenue of mined products multiplied by the applicable rate [4][7] - The exploration rights usage fee is charged annually based on the area of the exploration block, starting at 100 yuan per square kilometer for the first three years and increasing to a maximum of 500 yuan from the fourth year [4][7] - The mining rights usage fee is set at 1000 yuan per square kilometer annually, and there are specific timelines for payment based on the type of income [4][7] Group 3 - The collection of mining rights transfer income is structured to ensure timely payments, with penalties for late payments set at 0.2% per day on the overdue amount [4][7] - The policy is supported by various legal documents, including the Mineral Resources Law and its implementation rules, which outline the framework for the management and collection of mineral resource revenues [4][7]

Group 1: Cross-Regional Tax Registration - Companies that purchase mines in a different region must complete cross-regional tax source registration if notified by tax authorities [3] - There are two login methods for cross-regional tax source registration [3][4] Group 2: Exploration Fees - Companies must pay exploration rights usage fees even during the exploration phase, as per regulations [6] - The exploration rights usage fee is calculated annually based on the area of the block, starting at 100 yuan per square kilometer for the first year and increasing by 100 yuan each subsequent year, capped at 500 yuan per square kilometer [9][11][12] Group 3: Mining Fees - Once a mine enters the extraction phase, companies are required to pay various fees, including mining rights usage fees and special income from mineral resources [13] - The mining rights usage fee is set at 1000 yuan per square kilometer annually [14] Group 4: Payment Timing - The latest payment deadlines vary based on the type of mining rights transfer revenue, with a 30-day window from the receipt of the payment notice [21] - Late payments incur a penalty of 0.2% per day, capped at the total amount owed [21] Group 5: Invoice Issuance - Companies can issue invoices for non-tax revenue through the national electronic tax bureau by navigating to the appropriate section [23]

Summary of Key Points Core Viewpoint The asset appraisal report evaluates the market value of the total equity of Xinjiang Congling Energy Co., Ltd. as part of Xinjiang Baodi Mining Co., Ltd.'s proposed acquisition through share issuance. Group 1: Appraisal Purpose and Scope - The appraisal aims to assess the market value of the total equity of Xinjiang Congling Energy Co., Ltd. as part of a share acquisition by Xinjiang Baodi Mining Co., Ltd. [5] - The appraisal covers all audited assets and related liabilities of Xinjiang Congling Energy Co., Ltd. [5] - The appraisal date is set for December 31, 2024 [5] Group 2: Valuation Methodology and Results - The valuation methods employed include the asset-based approach and the income approach [5] - As of December 31, 2024, the total asset book value is 710.31 million yuan, with an appraisal value of 1,226.82 million yuan, indicating an appraisal increment of 516.51 million yuan [5] - The total liability book value is 386.19 million yuan, with an appraisal value of 386.17 million yuan, showing a decrement of 0.02 million yuan, resulting in a decrease rate of -0.01% [5] - The net asset book value is 324.12 million yuan, with an appraisal value of 840.66 million yuan, reflecting an appraisal increment of 516.54 million yuan [5] Group 3: Financial Performance - As of December 31, 2024, the company reports total assets of 710.31 million yuan, total liabilities of 386.19 million yuan, and net assets of 324.12 million yuan [25] - The company achieved operating revenue of 355.63 million yuan and a net profit of 84.92 million yuan for the year [25] Group 4: Regulatory and Compliance Aspects - The appraisal report is prepared in accordance with the asset appraisal basic standards issued by the Ministry of Finance and the professional standards of the China Asset Appraisal Association [2] - The appraisal report is intended for use by the client and other legally defined users, with restrictions on unauthorized use by other parties [2][3]