Grand Baoxin Auto (1293) has released further valuation details related to the disposal of its entire interest in the Target Company. According to the announcement, the total asset value of the Target Company as of 31 May 2025 stood at RMB67,601,600, indicating an increase from the book value of RMB37,467,800. Liabilities were verified at RMB34,168,100, aligning with the book value, and net assets were appraised at RMB33,433,500, up from RMB3,299,700.

The new valuation primarily reflects an increase in the intangible asset value tied to the land use right of a 4S store measuring approximately 13,166 sq.m. The fair market approach yielded an appraised value of RMB54,856,900, surpassing the previous book value of RMB22,892,100. Meanwhile, the Target Company’s recorded long-term deferred expenses of RMB2,141,900 were assigned no appraised value because related decoration costs had already been included in the building and structure valuation. After reviewing the assessment process, assumptions, and qualifications of the independent valuer, the board of Grand Baoxin Auto considers the methodology fair and reasonable.