Publicity of assets appraisal results

Release time：

2022-10-18 00:00

Source：

Sichuan Glass Fiber Group Co., LTD. (hereinafter referred to as "Sichuan Glass Fiber") intends to carry out shareholding reform and change the limited company into a joint stock limited company. In order to safeguard the interests of the company, in accordance with relevant laws and regulations, the company hired Tianyuan Asset Evaluation Co., Ltd. to evaluate the market value of all assets and liabilities listed in the balance sheet related to the proposed change of Sichuan Glass Fiber Co., Ltd. on April 30, 2022 (the base date of audit evaluation), and the evaluation results are as follows:

As of the base date of evaluation, the book value of the company's assets is RMB 1,392,699,900 yuan, the assessed value is RMB 1,552,889,800 yuan, and the assessed value added is RMB 16,190,900 yuan, with a value added rate of 11.50%. The carrying value of the liabilities is 760,482,800 yuan, the assessed value is 75,907,1,500 yuan, the assessed impairment is 1,411,300 yuan, and the impairment rate is 0.19%; The book value of the net assets is 632,216,100 yuan, the appraised value is 793,818,300 yuan, and the appraised value is 16,1,602,200 yuan, with an appreciation rate of 25.56%.

The evaluation summary can be found in the following table:

Amount unit: RMB million

entry	Book value	Appraised value	Increase or decrease	Increase/decrease rate (%)
Current assets	76,512.68	77,226.08	713.40	0.93
Inventory	8,338.91	8,492.90	154.00	1.85
Non-current assets	62,757.21	78,062.90	15,305.69	24.39
Long-term equity investment	5,158.64	13,183.31	8,024.67	155.56
Investment real estate	2,292.41	2,292.41	-	-
Fixed assets	40,607.43	46,577.68	5,970.25	14.70
Including: buildings	14,521.26	18,794.76	4,273.50	29.43
Device class	26,086.17	27,782.92	1,696.75	6.50
Construction in progress	3,443.36	3,541.08	97.72	2.84
Right to use assets	2,043.09	2,043.09		-
Intangible assets	6,634.43	8,074.68	1,440.25	21.71
Including: land use right	6,634.43	8,074.68	1,440.25	21.71
Long-term deferred expense
Deferred income tax assets	676.55	449.34	-227.21	-33.58
Other illiquid assets	1,901.31	1,901.31
Total assets	139,269.89	155,288.98	16,019.09	11.50
Current liabilities	64,721.12	64,721.12		-
Non-current liabilities	11,327.16	11,186.03	-141.13	-1.25
Total liabilities	76,048.28	75,907.15	-141.13	-0.19
Owners' equity (net assets)	63,221.61	79,381.83	16,160.22	25.56

Publicity period: October 18, 2022 to October 24, 2021

Supervision Department: Discipline Inspection and Supervision Department (0838-3121481-292)

If you have any comments on the publicity results, please reflect to our supervision department during the publicity period.

It is hereby publicized.

Sichuan glass Fiber Group Co., LTD

October 18, 2022