Han's Europe AGEngelberg
Independent Assurance Reporton cash-flows for the Project in Engelbergto the Board of Directors
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Independent As-surance Reporton cash flows for the Project inEngelberg to the Board of Direc-tors of Han's Europe AGEngelberg
We have been engaged by Han’s Europe AG to per-form assurance procedures to provide reasonable as-surance on cash flows for the Kurpark Engelberg pro-ject and the project related administration and manage-ment (the “Project”) by Han's Europe AG (the “Com-pany”) for the period between 1 October 2011 to 30June 2019.The Project consisted of acquisition of land and exist-ing properties, namely Europ?ischer Hof, in Engelbergand construction activities. The Company was grantedthe final construction permit in 2016. Han's Laser Tech-nology Co., Limited, Hong Kong has provided approxi-mately CHF 134 million funding to the Company for theProject in the period 1 October 2011 to 30 June 2019.
Purpose to the assurance engagement is to determinewhether there is reasonable assurance that the cashflows from Han’s Laser Technology Co. Limited, HongKong to the Han’s Investment Holding AG and then tothe Company (each of these three entities controlled byHan’s Laser Technology Industry Group Co Ltd, incorpo-rated in Shenzhen, China) have been used solely for theProject, and those cash flows have not been used out-side the Project, specifically no cash-flows have beentransferred to Han’s Holdings Group Ltd (an entity in-corporated in Shenzhen, China and not controlled byHan’s Laser Technology Industry Group Co Ltd, incorpo-rated in Shenzhen, China). Further purpose is whethersuch cash flows were recorded accurately in accord-ance with article 957 sqq. of the Swiss Code of Obliga-tions (SCO), together the Criteria.
独立鉴证报告
致大族欧洲股份公司董事会– 关于英格堡项目现金流英格堡
我们接受大族欧洲股份公司的委托，对大族欧洲股份公司（以下简称“公司”）自2011年10月1日至2019年6月30日期间对“Kurpark Engelberg”的建造以及相关行政和管理（以下简称“项目”）的现金流交易执行了合理保证的鉴证业务。本项目内容包括1)收购位于英格堡Europ?ischer Hof的土地及已有物业以及2)建造工程。公司于2016年获得最终建造许可。公司于2016年获得最终建造许可。大族激光科技股份有限公司（香港）在2011年10月1日至2019年6月30日期间为项目提供了约1.34亿瑞士法郎资金。
本鉴证业务的目的是确定能否对以下事项提供合理保证，即大族激光科技股份有限公司（香港）汇给大族投资股份公司后再汇给公司（大族激光科技产业集团股份有限公司成立于中国深圳，是以上三家公司的母公司）的现金流仅用于项目，特别是没有资金被转移到大族控股集团有限公司（成立于中国深圳的公司，不被中国深圳的大族激光科技产业集团股份有限公司所控制）。进一步核对该现金流交易按照瑞士义务法典（Swiss Codeof Obligations, “SCO”）第957章及之后的章节准确地记录（以下共同简称为“标准”）。
Management’s responsibilityThe Management of the Company is responsible forthe bookkeeping of the Project in accordance with theCriteria. This responsibility includes the design, imple-mentation and maintenance of the internal control sys-tem related to the cash flows for the Project that theyare free from material misstatement, whether due tofraud or error. Furthermore, the Management is re-sponsible for the selection and application of the Crite-ria and adequate record keeping.Auditor’s responsibilityOur responsibility is to perform an assurance engage-ment and to express an opinion on the cash flows forthe Project. We conducted our engagement in accord-ance with International Standard on Assurance En-gagements (ISAE) 3000 (Revised) “Assurance engage-ments other than audits or reviews of historical finan-cial information”. Those standards require that we planand perform our procedures to obtain reasonable as-surance whether the cash flows for the construction ofthe Project have been used solely for the Project asnoted in the second paragraph as well as whether suchcash flows were recorded accurately, in all material as-pects, in accordance with the article 957 sqq. SCO.Based on risk and materiality considerations, we per-formed our assurance procedures to obtain sufficientand appropriate assurance evidence. The assuranceprocedures selected depend on the assurance practi-tioner’s judgement.We performed the following assurance procedures,among others:
?We obtained bank confirmations from the Swissbanks of Han’s Investment Holding AG and theCompany as per 31 December 2011 to 2018 and30 June 2019.?We traced the Project related cash flows fromHan’s Laser Technology Co., Limited, Hong Kongto Han’s Investment Holding AG and then to theCompany.?We reconciled the data as outlined in the “Totalcash used in the construction of the Project” in An-nex 1, prepared by Han’s Europe AG, to data de-rived from the underlying condensed constructionrecords (?Baubescheinigung?) or the respectiveasset purchase agreements.?We reconciled the data as outlined in “Total othercash used in or dedicated for the Project” in Annex1, prepared by Han’s Europe AG, to supportingdocuments.
?We reconciled the payments made by the Com-pany for the Project to payment requests of thegeneral contractor.
管理层的责任按照标准对项目进行记账是公司管理层的责任。这种责任包括设计、执行和维护与项目的现金流交易有关的内部控制，以使其不存在由于舞弊或错误导致的重大错报。此外，对标准的选择与采用以及充分的记录是管理层的责任。
注册会计师的责任我们的责任是在执行鉴证工作的基础上对项目的现金流交易发表意见。我们根据《国际鉴证业务准则第3000号(修订版)--历史财务信息审计或审阅以外的鉴证业务》的规定执行了鉴证业务。该准则要求我们计划和实施工作，以对项目建造的现金流交易是否仅用于项目，以及现金流交易是否在所有重大方面按照SCO第957章及之后的章节准确地记录提供合理保证。基于风险和重要性的考虑，我们实施了程序，以取得充分、适当的鉴证证据。选择实施的程序取决于鉴证注册会计师的判断。我们实施了以下鉴证程序：
?我们取得了大族投资股份公司以及公司的自2011年至2018年每年12月31日和2019年6月30日的瑞士银行询证函。
?我们追踪了大族激光科技股份有限公司（香港）到大族投资股份公司再到公司的与项目相关现金流。?我们将公司提供的附件1“用于项目工程的资金合计”中的数据与基础工程记录（工程台账）或相对应的资产购买协议提取的数据进行了对账。?我们将公司提供的附件1“用于项目其他方面的专项资金合计”中的数据与相应文件进行了对账。?我们对公司支付给工程总承包商的项目款项与工程总承包商的付款申请进行了对账。?我们审查了与项目有关的分包商提供的文件，以支持总承包商的付款申请。
?我们向公司管理层询问了内部控制流程，内部流程控制由公司建立，并由第三方服务供应商辅助（特别是工程总包商和监理公司）, 如对工程总承包商和分包商的账单审批和公司对总包商的相关支付 。
?我们测试了与公司项目相关的内部控制流程，内部流程控制由公司建立，并由第三方服务供应商辅助（特别是工程总包商和监理公司）,如审批工程总承包商和分包商的账单审核和公司对总包商的相关支付。
?We reviewed documents from the sub-contractorsrelating to the Project supporting the payment re-quests from the general contractor.
?We inquired Company’s management of the inter-nal control process established by the Company,supported by external service providers (in particu-lar the general contractor and a trustee), for the Pro-ject in respect of the approval of the invoices of thegeneral contractor and the subcontractors for the Pro-ject and the related payments from the Company tothe general contractor.
?We tested the internal control process related tothe Project established by the Company, supportedby external service providers (in particular the gen-eral contractor and a trustee), in respect of the ap-proval of the invoices of the general contractor andthe subcontractors for the Project and the relatedpayments from the Company to the general con-tractor.Our Independence and Quality Control
We have complied with the independence and otherethical requirements of the Code of Ethics for Profes-sional Accountants issued by the International EthicsStandards Board for Accountants and by EXPERT-suisse-Swiss Institute of Certified Accountants and TaxConsultants, which is founded on fundamental princi-ples of integrity, objectivity, professional competenceand due care, confidentiality and professional behav-iour.Our firm applies International Standard on Quality Con-trol 1 and accordingly maintains a comprehensive sys-tem of quality control including documented policiesand procedures regarding compliance with ethical re-quirements, professional standards and applicable le-gal and regulatory requirements.We believe that the evidence we have obtained is suffi-cient and appropriate to provide a basis for our opinion.OpinionIn our opinion, the cash flows from Han’s Laser Tech-nology Co. Limited, Hong Kong to the Han’s Invest-ment Holding AG and then to Han's Europe AG for theProject for the period between 1 October 2011 to 30June 2019 have been used solely for the Project, asnoted in second paragraph, and are recorded accu-rately, in all material respects, in accordance with theCriteria.
我们的独立性与质量控制我们遵守了国际会计师职业道德准则理事会和EXPERTsuisse-瑞士注册会计师和税务咨询师协会颁布的执业会计师道德守则中的独立性及其他职业道德要求。该职业道德守则以诚信、客观、专业胜任能力及应有的关注、保密和良好职业行为为基本原则。本事务所遵循国际质量控制准则第 1号，据此维护全面系统的质量控制体系，包括与遵守职业道德要求、专业标准和适用的法律和法规要求相关的书面政策与程序。我们相信，我们获取的证据是充分、适当的，为发表鉴证意见提供了基础。
意见我们认为，在2011年10月1日至2019年6月30日期间，如上文第二段所提出的，为了项目大族激光科技股份有限公司（香港）汇给大族投资股份公司后再汇给公司的现金流交易仅用于项目，且在所有重大方面按照标准准确地记录。
Restriction of use and purposeOur report is intended solely for the purpose set forth inthis report and for the information of the Board of Direc-tors of Han's Europe AG. As a result, the report aboutcash flows for the Project by Han's Europe AG may notbe suitable for another purpose. This report should notbe distributed to or used by any other parties for anyother purpose, except that a copy of this report may beprovided to Han's Investment Holding AG, Engelberg(the parent company) or Han’s Laser Technology In-dustry Co. Limited, Hong Kong. We have been in-formed, that this report is distributed to China Securi-ties Regulatory Commission (Shenzhen) in relation tothe purpose set forth in the second paragraph. We donot assume responsibility towards or accept liability toany person for the contents of this report other thanwith the Company.PricewaterhouseCoopers AG
Bruno Rossi
Andreas K?giBasel, 3 October 2019Enclosures: Annex 1: Cash used in the Project in En-gelberg from 1 October 2011 to 30 June 2019
使用限制及目的本报告仅用作报告中说明的目的，并为向公司董事会提供信息而出具。因此，对公司项目的现金流交易出具的报告不适用于其他目的。除向大族投资股份公司（母公司）或大族激光科技股份有限公司(香港)提供本报告的副本，不应向任何其他方分发或为其他目的使用。我们获悉，本报告将分发给中国证券监督管理委员会（深圳）用作报告第二段中所述的目的。我们不会就本报告的内容向除公司以外的任何其他人士负上或承担任何责任。
巴塞尔, 2019年10月03日
披露: 附件1：自2011年10月1日至2019年6月30日用于英格堡项目的资金
Annex 1:
Cash used in the Project in Engelberg from 1 Octo-ber 2011 to 30 June 2019
BKP
1)
| BKP1) | CATEGORY | TOTAL in |
CHF
| 0 | Plot (including existing build-ings) |
13'067'800
| 1 | Preparation works (terrain, |
ground, etc.)
13'835'037
| 2 | Building (shell work & expan- |
sion work & technical installa-tions)
49'465'855
| 29 | Design and planning costs | 27'653'264 |
| 3 | Operating equipment | 2'071'425 |
| 4 | Environment | 28'881 |
| 5 | Construction other costs | 13'152'312 |
| 9 | Internal design decoration | 1'516'244 |
| Total cash used in the con-struction of the project | 120'790'817 | |
| Total other cash used in or dedicated for the project |
2)
| 13'857'579 | ||
| Total | 134'648'396 |
1) BKP refers to the categories of the condensed construc-tion record (”Baubescheinigung”)The data presented is derived from the condensed con-struction record
2)The total cash used in or dedicated for the Projectmainly consists of:
Cash in the bank, equity, receivables against third parties,administration and management expenses.
附件1：
自2011年10月1日至2019年6月30日用于英格堡项目的资金
| BKP 1) | 类别 | 总计（瑞士法郎） |
0 地块(包含地块上已有建筑)
13,067,800
工程前期工作(工地环境、基坑等)
13,835,037
2 楼宇（土建工程）
49,465,855
29 设计规划费
27,653,264
3 运营设备
2,071,425
4 室外景观
28,881
5 工程杂费
13,152,312
9 室内装潢
1,516,244
用于该项目工程的资金合计
| 120,790,817 |
用于该项目其它方面的专项资金合计
2)
13,857,579
| 总计 | 134,648,396 |
1)
BKP指工程记录（工程台账）中的类别。表格中的数据从工程记录中提取。2)
用于该项目的其他专项资金合计包含以下部分：银行流动资金，资本，应收款，项目行政及管理费用。