OPINION OF VALUE Sample Clauses

OPINION OF VALUE. The conclusion of value is based on accepted valuation procedures and practices that rely substantially on the use of numerous assumptions and the consideration of many uncertainties, not all of which can be easily quantified or ascertained. While the assumptions and consideration of such matters are considered to be reasonable, they are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company. Based on the aforesaid investigation, analysis and valuation method employed, it is our opinion that as of the Valuation Date, the fair market value of a 100 per cent. equity interest in the Company is reasonably stated by the amount of (RENMINBI ONE HUNDRED AND NINETY EIGHT MILLION TWO HUNDRED THOUSAND ONLY). We have not investigated the title to or any liabilities against the business being valued. We hereby certify that we have neither present nor prospective interests in the Company or value reported. Yours faithfully, For and on behalf of Vigers Appraisal & Consulting Limited
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OPINION OF VALUE. ........ 4
OPINION OF VALUE. Based on the investigation and analysis stated above and on the appraisal method employed, in our opinion, the fair market value of 100 per cent. interest in the biochemical engineering project of soybean protein peptide for the production, marketing and sales of various functional Soybean Peptide healthy and medical tablets or powders, as at 30th June 2002 is reasonably stated by the amount of US DOLLARS FORTY MILLION FOUR HUNDRED AND SIX THOUSAND ONLY (US$40,406,000-). The opinion of value was based on generally accepted valuation procedures and practices that rely extensively on the use of numerous assumptions and consideration of many uncertainties, not all of which can be easily quantified or ascertained, We hereby certify that we have neither present nor prospective interests in the company or the property appraised and have neither personal interest nor bias with respect to the parties involved. This valuation report is issued subject to our general service conditions. Yours faithfully, For and on behalf of VIGERS HONG KONG LIMITED /s/ JOSEPH K.P. LEUNG -------------------------------------------- Joseph K.P. Leung XXXXX, AHKIS, RPS Director Valuation Department GENERAL SERVICE CONDITIONS The service(s) provided by Vigers Hong Kong Limited will be performed in accordance with professional appraisal standard. Our fee is not contingent in any way upon our conclusions of value or result. We assume, without independent verification, the accuracy of all data provided to us. We will act as an independent contractor and reserve the right to use subcontractors. All files, working papers or documents developed by us during the course of the engagement will be our property. We will retain this data for as long as we wish. Our report is to be used only for the specific purpose stated herein and any other use is prohibited. No reliance may be made by any third party on the report or part thereof without our prior written consent. You may show our report in its entirety including this General Services Conditions to those third parties who need to review the information contained herein. No one should rely on our report as a substitute for their own due diligence. No reference to our name or our report, in whole or in part, in any document you prepare and/or distribute to third parties may be made without our written consent. You agree to indemnify and hold us harmless against and from any and all losses, claims, actions, damages, expenses, or liabilities, includ...

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