Core Viewpoint - Jiangsu Panyam Micro-Permeation Technology Co., Ltd. is planning to acquire certain assets from Jiangsu Yuan Hydrogen New Energy Technology Co., Ltd., and an asset valuation report has been prepared to assess the market value of these assets as of July 31, 2025 [1][6]. Summary by Sections Asset Valuation Report Summary - The asset valuation report is prepared according to the relevant laws and asset evaluation standards, ensuring independence, objectivity, and fairness [3][5]. - The valuation aims to provide a market value reference for the acquisition of assets held by Jiangsu Yuan Hydrogen New Energy Technology Co., Ltd. [6][9]. Valuation Purpose - The purpose of the valuation is to assess the market value of the assets involved in the acquisition by Jiangsu Panyam Micro-Permeation Technology Co., Ltd. as of the valuation benchmark date [6][14]. Valuation Objects and Scope - The valuation includes certain fixed assets, equipment, and land use rights held by Jiangsu Yuan Hydrogen New Energy Technology Co., Ltd. [7][15]. Value Type - The valuation type is defined as market value, which reflects the estimated value of the assets under normal trading conditions [7][18]. Valuation Benchmark Date - The valuation benchmark date is set for July 31, 2025, which aligns with the planned acquisition date [7][19]. Valuation Methods - The valuation employs the cost method for fixed assets and equipment, while the market method is used for land use rights [21][28]. Valuation Conclusion - The market value of the assets as of the benchmark date is assessed at 141.1324 million yuan, with an increase of 3.9295 million yuan, representing a growth rate of 2.86% [9][10].