Core Viewpoint - Shanghai Jingtong Chemical Development Co., Ltd. plans to transfer its 28% stake in Shanghai Hazardous Chemicals Trading Market Management Co., Ltd. to Shanghai Jingtong Chemical Co., Ltd. The asset valuation report assesses the total equity value of the shareholders involved in this transaction [1][3][4]. Group 1: Transaction Overview - The transaction involves the transfer of a 28% stake in Shanghai Hazardous Chemicals Trading Market Management Co., Ltd. from Shanghai Jingtong Chemical Development Co., Ltd. to Shanghai Jingtong Chemical Co., Ltd. [3][4]. - The purpose of the valuation is to facilitate the equity transfer agreement [3][12]. Group 2: Valuation Details - The valuation report was prepared according to the basic principles of asset valuation issued by the Ministry of Finance and the professional standards set by the China Asset Appraisal Association [1][2]. - The assessed total asset value of Shanghai Hazardous Chemicals Trading Market Management Co., Ltd. as of December 31, 2024, is 15,250,295.22 CNY, with a total liability value of 3,652,930.05 CNY, resulting in a total equity value of 11,597,365.17 CNY [4][10]. - The valuation method used is the asset-based approach, which is deemed appropriate given the clarity of asset ownership and the completeness of financial data [19][20]. Group 3: Financial Performance - The audited net asset value as of December 31, 2024, is reported at 11,299,485.19 CNY, with an assessed increase of 365.17 CNY, reflecting a growth rate of 1.99% [4][10]. - The company has shown fluctuating financial performance, with total assets reported at 14,952,415.24 CNY and total liabilities at 3,652,930.05 CNY for the assessment date [10][14]. Group 4: Company Background - Shanghai Hazardous Chemicals Trading Market Management Co., Ltd. was established in December 2002, with a registered capital of 7 million CNY, primarily providing market management services for chemical raw materials and products [8][9]. - The company operates from a leased office space in Shanghai, with a rental agreement effective from July 1, 2024, to June 30, 2025, at an annual rent of 5,950,348.08 CNY [9][15].