Customer-Zhongchengda Appraisal

🏢Service Introduction

China’s securities appraisal is a specialized capital market intermediary service dual-filed with the Ministry of Finance and the CSRC. Strictly following independent, objective and impartial practice, we provide compliant asset appraisal for the securities market. Our services span IPOs, securities and bond issuances, M&A and restructuring of listed companies, asset swaps, outbound investment and connected transactions, as well as goodwill impairment and fair value measurement for financial reporting. Appraisal results serve as a key basis for capital market pricing, information disclosure and compliant operations, safeguarding market order and investor rights.

✦ The firm holds domestic asset appraisal, Grade-1 real estate, land appraisal qualifications, as well as HKIS and RICS international licenses—one of the few comprehensive firms in China with all appraisal qualifications.

📋Service Scope

01

Transaction Purpose Appraisal Common

Appraisal of equity (entire enterprise) involved in planned acquisition / transfer / disposal
Appraisal of specified assets for capital increase / capital contribution (including inventory, financial assets, equipment, real estate, intangibles, etc.)

02

Financial Reporting Appraisal Common

Asset impairment testing (equipment, inventory, real estate, intangibles, goodwill, etc.)
Fair value appraisal of identifiable net assets in purchase price allocation
Appraisal of specified assets for fair value measurement (investment property, financial assets, etc.)
Appraisal of total shareholder equity value for share-based payment fair value measurement

03

Special-Purpose Appraisal Special

Net asset value appraisal for planned joint-stock restructuring
Creditor asset value appraisal for planned debt-to-equity swaps
Impairment testing of underlying assets in major asset restructuring
Transaction taxation and market rent fair value appraisal

04

Other Appraisal Services Comprehensive

Retrospective appraisal engagements (measurement date over one year before report date)
Appraisal report review (reasonableness, compliance, fairness)
Due diligence projects
Performance evaluation projects
Feasibility study reports

👥Professional Team

Zhongchengda Appraisal obtained CSRC and Ministry of Finance securities appraisal filing in 2021. To serve the capital market with high quality, in December 2025 we integrated our securities appraisal team into Shenzhen Junrui Asset Appraisal Firm (Special General Partnership).

Since its inception, Zhongchengda Securities Appraisal has pursued an innovative, non-traditional path—staying original, continuously developing new-quality productive forces, and steadily advancing high-quality development.

🎯

Specialized & Focused

90% of our work is securities appraisal; we build an excellent team that is "ambitious, multi-dimensional and caring"

👔

End-to-End Ownership

Asset appraisers serve as project leads with full ownership, ensuring high-quality communication, consistency between reports and working papers, and resilience to exchange inquiries

🏅

Diverse Backgrounds

The team brings experience from large accounting firms, listed companies and overseas, holding CPA, ACCA, Asset Appraiser, and Registered Tax Agent qualifications

Junrui Appraisal partners are senior professionals deeply experienced in securities and futures appraisal. Team members come from large accounting firms, listed companies and overseas returnees, holding Chinese CPA or ACCA qualifications, with strong familiarity in asset appraisal, M&A, audit, accounting and tax.

The team operates under a project lead and asset appraiser partner system, with key leads all having 10+ years of experience.

Our securities appraisal team focuses on serving high-end clients, committed to delivering certain, above-expectation service. High quality, high efficiency, direct solutions—no excuses, no hassle, no ambiguity—earning lasting client trust and support.

CSRC Securities Appraisal Filing MOF Securities Appraisal Filing Certified Public Accountant (CPA) Asset Appraiser ACCA Registered Tax Agent 10+ Years Experience

🤝Our Clients

📌 Listed Companies A-Share

📌 State-Owned Enterprises SOE

🔄Service Process

01

Engagement · Contract Signing

Understand the client’s needs, define the appraisal purpose, scope and object, sign the engagement agreement, and set the timeline and fees to ensure clear responsibilities.

02

Site Visit · Data Collection

Appraisers conduct on-site inspections of assets, collect financial statements, ownership certificates and industry data, and perform professional verification.

03

Appraisal Analysis · Valuation

Based on the appraisal purpose and asset characteristics, we apply income, market and cost approaches to derive a scientifically sound conclusion.

04

Quality Review · Report Issuance

Our technical committee reviews the report internally to ensure reasonable assumptions, appropriate methods and impartial conclusions, then issues the stamped formal report.

05

Follow-up · Report Q&A

Providing report interpretation, audit support and responses to regulatory inquiries to ensure the report serves its intended purpose.

🏛️Professional Qualifications

The total equity value of the shareholders of Shenzhen XX Technology Co., Ltd. involved in the debt-to-equity swap proposed by Zhuhai XX Supply Chain Management Co., Ltd. Professional Appraisal Qualification Core Qualification

📂Project Cases

Customer

The total equity value of the shareholders of Shenzhen XX Technology Co., Ltd. involved in the debt-to-equity swap proposed by Zhuhai XX Supply Chain Management Co., Ltd.

Case BackgroundPursuant to the “Opinions on Initiating the Economic Disposal of the Debt of Shenzhou City XX Technology Co., Ltd.” issued by the State-owned Assets Supervision and Administration Commission of the XX Municipal People’s Government, this valuation is conducted to determine the conve

Customer