KENNEDE ELECTRONICS MFG. CO., LTD. — M&A Activity 2018

Dec 25, 2018

上市公司并购重组财务顾问专业意见附表 第 2 号——重大资产重组

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						002723
		□ □
						□
		85,000.00 100%
		2017 104,207.45 65,388.62 2017 98,664.57 100.00% 85,000 2017 125,808.43 120.73% 2017 85,000.00 129.99% 2017 167,969.26 170.24%
		85,000.00			100.00%
一、交易对方的情况
1.1

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1.1.1 1.1.2 1.1.3 1.1.4 1.2 1.2.1 1.2.2 1.2.3 1.3 1.3.1 1.3.2 1.3.3 1.4 5 1.4.1 5 1.4.2 1.4.3 1.5 1.5.1 1.5.2 1.6 1.7

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二、上市公司重组中购买资产的状况 （适用于上市公司购买资产、对已设立企业增资、接受附义务的赠与或者托管资产等情况）	二、上市公司重组中购买资产的状况 （适用于上市公司购买资产、对已设立企业增资、接受附义务的赠与或者托管资产等情况）	二、上市公司重组中购买资产的状况 （适用于上市公司购买资产、对已设立企业增资、接受附义务的赠与或者托管资产等情况）	二、上市公司重组中购买资产的状况 （适用于上市公司购买资产、对已设立企业增资、接受附义务的赠与或者托管资产等情况）	二、上市公司重组中购买资产的状况 （适用于上市公司购买资产、对已设立企业增资、接受附义务的赠与或者托管资产等情况）
2.1
2.2
2.2.1	3
2.2.2
2.2.3	3
2.3
2.3.1
2.3.2	30%
2.3.3
2.3.4	70%
2.3.5
2.3.6
2.4
2.4.1
2.4.1.1
2.4.1.2
2.4.1.3
2.4.2

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2.4.2.1 2.4.2.2 2.4.2.3 2.4.2.4 2.4.2.5 2.4.3 2.4.4 2.4.5 3 2.4.6 3 2.5 2.5.1 2.5.2

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2.6 2.7 2.8 2.9 2.9.1 2.9.2 2.9.3 2.9.4 2.10 2.11 2.12 三、上市公司重组中出售资产的状况 （适用于上市公司出售资产、以资产作为出资且不控股、对外捐赠、将主要经营性资产委 托他人经营等情况） 3.1 3.2 3.3 3.4

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四、交易定价的公允性 4.1 4.1.1 4.1.2 4.1.3 4.1.4 4.1.5 4.1.6 4.1.7 4.1.8 4.2 3 4.3 五、债权债务纠纷的风险 5.1 5.1.1 5.1.2 5.2 5.3 5.4 5.5 六、重组须获得的相关批准

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6.1 6.1.1 6.1.2 6.1.3 6.2 七、对上市公司的影响 7.1 7.2 7.2.1 7.2.2 7.2.3 7.2.4 7.2.5 7.2.6

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7.2.7 7.2.8 7.3 7.3.1 7.3.2 30% 7.3.3 7.3.4 7.3.5 7.4 7.4.1 7.4.2 7.4.3 7.4.4 7.4.5 八、相关事宜 8.1 8.1.1 8.1.2

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8.1.3 8.1.4 8.2 8.3 8.3.1 8.3.2 8.3.3 8.3.4 8.4 8.5 8.6 8.7 12 8.8 尽职调查中重点关注的问题及结论性意见

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本次尽职调查中重点关注的问题：

本次重大资产重组的交易目的、交易方案、拟购买资产的估值分析及定价的公允性、拟购买资产 的完整性、独立性、盈利能力、对上市公司影响的分析、是否侵害中小股东合法权益、上市公司股票 交易是否存在异常等事项。

结论：

• 1、本次交易符合《公司法》、《证券法》、《上市公司重大资产重组管理办法》、《关于规范上

• 市公司重大资产重组若干问题的规定》、《上市公司并购重组财务顾问业务管理办法》、《公开发行 证券的公司信息披露内容与格式准则26 号——上市公司重大资产重组申请文件（2018 年修订）》等相 关法律、法规及规范性文件的规定；

• 2、本次重大资产重组报告书等信息披露文件的编制符合相关法律、法规及规范性文件的要求，未

• 发现存在虚假记载、误导性陈述或者重大遗漏的情况；

• 3、本次交易涉及的资产权属清晰，不存在质押、抵押等财产权利受限的情形；

• 4、本次交易完成后，上市公司在业务、资产、财务、人员、机构等方面与实际控制人及关联方将

• 继续保持独立，符合中国证监会关于上市公司独立性的相关规定；公司治理机制仍旧符合相关法律法 规的规定；有利于上市公司形成或者保持健全有效的法人治理结构；

• 5、本次交易完成后，上市公司仍具备股票上市的条件；

• 6、本次交易前后上市公司实际控制权未发生变更，不构成《上市公司重大资产重组管理办法》第

• 十三条所规定的借壳上市的情形。

财务顾问主办人： 何立衡 陈 磊

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民生证券股份有限公司

2018 年12 月25 日

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