In accordance with the requirements of the "Implementation Rules for the Control of Engineering Project Loan Procedures of Jiangxi Provincial Construction Engineering Group Co., Ltd. (Trial)" (Gan Jian Gong Si Rong Fa [2022] No. 3), our company intends to publicly select due diligence and evaluation agencies to establish a roster of accounting firms (hereinafter referred to as "accounting firms") and asset appraisal agencies (hereinafter referred to as "appraisal agencies") for Jiangxi Provincial Construction Engineering Group Co., Ltd. (hereinafter referred to as "Jiangxi Construction") from January 2023 to December 2024. The relevant matters are announced as follows:

I. Introduction of the Selecting Party

Jiangxi Construction has a 70-year history of development and is a large state-owned construction enterprise in Jiangxi Province. The company holds multiple qualifications, including general contracting of Grade A for building construction engineering, Grade I for municipal public works construction engineering, and Grade I for highway construction engineering, as well as the right to operate foreign contracting projects and labor cooperation. It has passed the quality, environmental, and occupational health and safety management system certification. It is a leading enterprise in the construction industry of Jiangxi Province, a top 500 enterprise nationwide, a top 50 enterprise in the national construction industry, and a top 10 enterprise in Jiangxi Province.

II. Overview of the Selection Work

Jiangxi Construction will select and establish a roster of accounting firms and appraisal agencies. When Jiangxi Construction and its subsidiaries have needs for due diligence and asset appraisal related to guarantee matters, they will select the best from the roster of accounting firms and appraisal agencies through competitive negotiation and open bidding, according to the actual situation. This selection only selects accounting firms and appraisal agencies based on merit. The validity period is two years, and adjustments and updates will be made periodically based on the service quality of the selected agencies.

The selecting party does not guarantee that institutions included in the roster will definitely obtain commissioned due diligence and appraisal service projects.

III. The Planned Roster of Institutions Will Be Divided into the Following Two Categories:

(a) Accounting Firm Category (hereinafter referred to as "Accounting Firm Category").

(b) Asset Appraisal Agency Category (hereinafter referred to as "Appraisal Category").

IV. Conditions for Participating Institutions to Be Included in the Roster

Participating institutions must meet the following conditions:

(a) Legally established and continuously operating normally for more than 3 years;

(b) Possessing qualifications and licenses approved by the industry administrative authority or industry self-regulatory organization;

(c) Having a permanent office or branch office in Nanchang City, with a sound organizational structure, a complete quality control system, and a risk management system;

(d) Accounting Firm Category: Having 8 or more registered accountants; Appraisal Category: Having 8 or more asset appraisers; and registered accountants and asset appraisers have passed the annual inspection of the relevant industry association;

(e) Having a good social reputation and credit record, and no adverse records such as administrative penalties or industry sanctions imposed by industry administrative authorities or industry self-regulatory organizations in the past 3 years;

(f) Other conditions stipulated by laws and regulations;

(g) Priority consideration will be given to those meeting one of the following conditions:

1. Participating institutions that have provided similar services to state-owned enterprises in the province;

2. Participating institutions that have been long-term partners of provincial (municipal) government departments and the Provincial State-owned Assets Supervision and Administration Commission;

3. Institutions that maintain a good cooperative relationship with the headquarters of Jiangxi Construction Group;

4. Participating institutions with outstanding past performance, strong communication skills, and rich professional experience;

5. Participating institutions with a good social reputation.

V. Main Work Content

External institutions provide specialized due diligence and evaluation services, mainly including third-party enterprise due diligence services, physical asset appraisal services, and financial asset appraisal services. Inclusion in the institution roster is only a tentative selection and does not constitute a legally binding relationship; specific rights and obligations shall be subject to the formally signed service contract.

The main work of providing specialized due diligence and evaluation services includes:

(a) Due diligence and appraisal services for guarantee, mortgage, and pledge guarantee measures, and issuing due diligence and appraisal reports;

(b) For situations that significantly affect the effectiveness of guarantees that occur during the guarantee period, such as damage, loss, overestimation, improper release, abnormal legal status of mortgaged/pledged assets and their title certificates, and abnormal operating status of guarantors, due diligence and appraisal agencies should provide the latest due diligence and appraisal reports;

(c) Providing pre-evaluation reports and other services based on the needs of the selecting party.

Specialized due diligence and appraisal services will be charged at a preferential rate depending on the specific circumstances. Due diligence and appraisal services include, but are not limited to, issuing pre-evaluation reports, and re-due diligence and appraisal reports for anomalies in the effectiveness of guarantees during the guarantee period.

VI. Participating Materials

Participating institutions should submit the following materials, which require the signature of the legal representative and the seal of the participating institution:

(a) Copies of business license and ID card of the legal representative (copies with the official seal);

(b) Copies of practice certificates, qualification certificates, and honorary certificates (if any) (copies with the official seal);

(c) Introduction of the participating institution (including basic information, institutional overview, areas of expertise, competitive advantages, past performance, and pricing standards);

(d) Proof of fixed business premises (office location) (copies of business premises ownership certificate or lease agreement with the official seal);

(e) Financial statements for 2020, 2021, and the latest period (annual reports provide legally audited financial statements);

(f) Copies of practice certificates, continuing education certificates, and social security payment records for qualified practitioners;

(g) Application form for external institutions to register in the roster (see Attachment 1);

(h) Letter of authorization from the person in charge (see Attachment 2);

(i) Competitive commitment letter (see Attachment 3).

VII. Selection Method

The Jiangxi Construction Financing Management Center will take the lead, together with relevant departments such as legal compliance, financial management, and investment development, to conduct a qualification review of the application materials of each participating institution. Participating institutions that meet the selection standards will be scored; the detailed scoring rules are shown in Attachment 4. After the selection, several accounting firms and appraisal agencies will be selected as roster institutions based on their scores and actual needs, and the selected institutions will be notified by announcement or by sending a notice of selection.

VIII. Submission of Candidacy Documents

(1) The deadline for submitting candidacy materials is: January 10, 2023.

(2) The candidacy materials of the participating institutions should be arranged and printed in file format, submitting five paper copies and one pdf version. The materials should be sorted according to the requirements of the candidacy documents, and the content of the paper and electronic versions should be consistent.

(3) Address for submitting candidacy materials: No. 956, Beijing East Road, Qingshanhu District, Nanchang City, Jiangxi Construction Building; Contact persons: Deng Jun, Li Xin; Contact number: 0791-88356716; Email: jxjgrzglzx@163.com.

(4) Late submissions, submissions not sent to the designated address and email, or candidacy documents that do not meet the requirements of this announcement will not be accepted or will result in the invalidation of the candidacy.

Participating institutions are responsible for the authenticity of the submitted materials. Any falsification, once verified, will result in disqualification or removal from the list. Submitted materials will not be returned. Our company promises to properly keep and handle the submitted materials.

The Jiangxi Construction Engineering Financing Management Center is responsible for the interpretation of this event. This is hereby announced.

　　Jiangxi Construction Engineering Group Co., Ltd.

　　December 30, 2022