YaSheng Group (HERB)

[RealDutch]

Independent asset appraisal agencies have been hired to undergo asset appraisal against inflow and outflow assets before the replacement. All parties consent to the result of appraisal.

The base day of the appraisal is 12/31/2014. The effective day is [•]/11/2015.

So this will all be final in a few weeks.

B. Appraisal Principle:
a. Code for Asset Appraisal: Basic Principles (The Ministry of Finance Financing & Enterprise 2004 Doc#: 20)

b. Code for the Work Ethics of Asset Appraisal Industry: Basic Principles (The Ministry of Finance Financing & Enterprise 2004 Doc#: 20)

c. A Guideline to Certified Public Valuer Regarding the Issue of Appraisee’s Legal Ownership (Accounting Association 2003 Doc #: 18)

d. Code for Asset Appraisal: Appraisal Procedure (China Value Appraisal Association 2007 Doc #: 189)

e. Code for Asset Appraisal: Worksheet (China Value Appraisal Association 2007 Doc #: 189)

f. A Guideline to Appraising Organizations Regarding Quality Control (China Value Appraisal Association 2010 Doc #: 214)

g. Code for Asset Appraisal: Appraisal Reporting (China Value Appraisal Association 2011 Doc #: 230)

h. Code for Asset Appraisal: Business Agreement (China Value Appraisal Association 2011 Doc #: 230)

i. A Guideline to Appraisals for the Purpose of Financial Reporting (Draft) (China Value Appraisal Association 2007 Doc #: 169)

j. Code for Asset Appraisal: Forest Resources (China Value Appraisal Association 2012 Doc #: 245)

k. Rules on Rural Land Valuation (TD/T1006-2003)

etc.