The affiliated firm of China Regal Group has "Assets appraisal certificate" issued by the Ministry of Finance, "License for appraising securities assets" issued by the Stated-owned Assets Supervision and Administration Commission of the State Council and the China Securities Regulatory Commission, "Qualification certificate for appraising exploiting right and exploring right" issued by the Ministry of Land and Resources of the People's Republic of China. This affiliated firm also is "Class A agency for appraising real estate price" awarded by the Ministry of Housing Urban-Rural Development of the People's Republic of China and "Class A agency for appraising land price" awarded by the Ministry of Land and Resources of the People's Republic of China.

　　This affiliated may provide the following services for enterprise, government and institution:

　　l Appraisal of property rights of various assets: state-owned assets,non-state-owned assets

　　and private assets

　　l Appraisal needed for various economic actions:

　　² Whole or partial enterprise is transformed into limited liability company or Co., Ltd.

　　² Oversea investment with non-monetary assets

　　² Merger, separation, bankruptcy or closure

　　² Change of equity ratio of state-owned shareholders of non-listed company

　　² Transfer of property right

　　² Transfer or replacement of assets

　　² Leasing whole or partial asset to non-state-owned unit

　　² Repaying debt with non-monetary assets

　　² Lawsuit of assets

　　² Other events needed for appraising assets

　　l Appraisal of financial assets

　　l Appraisal of business value

　　l Appraisal of intangible assets