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Short title:WaZhou B                                   Code£º200706                                  No.: 2025-09
   Wafangdian Bearing Co., Ltd. about Holding more than 5%
Shareholders Progress Announcement of Proposed Share Donation
                    and Change of Interest
    The Company and all directors guarantee that the content of the announcement is true, accurate and complete, and
there are no false records, misleading statements or material omissions.
     AKTIEBOLAGET SKF (hereinafter referred to as "SKF"), the second largest
shareholder of Wafangdian Bearing Co., LTD. (hereinafter referred to as "the Company"),
signed a Donation Agreement with Dalian Youth Development Foundation (hereinafter
referred to as "the Foundation") on February 13, 2025, in order to develop public welfare
undertakings.According to the agreement, SKF will donate its 79.3 million shares of the
company (19.70% of the total shares of the company) and all corresponding rights and
interests to Dalian Youth Development Foundation.
    The Donation Agreement takes effect on the premise that Dalian Youth
Development Foundation successfully opens a B-share securities account with China
Securities Depository and Clearing Company Limited before 24:00 on February 20,
    For details, please refer to the Company's "Wafangdian Bearing Co., Ltd. about
Holding more than 5% Shareholders Suggestive Announcement of Proposed Share
Donation and Change of Interest", "Simplified Equity Change Report (Dalian Youth
Development Foundation and AKTIEBOLAGET SKF )" published on the company's
website.
     The Company was informed today that the Foundation has completed the opening of
a B-share securities account with China Securities Depository and Clearing Company
Limited.
     This share donation is subject to the transfer procedures of the parties at the
Shenzhen branch of China Securities Depository and Clearing Co., LTD. The Company
will continue to pay attention to relevant matters and disclose the progress in a timely
manner, urging both parties to timely fulfill their obligations of information disclosure in
accordance with relevant laws and regulations. There is still uncertainty whether the
transaction can be finally implemented and completed, and investors should pay attention
to the investment risks.
                                            Wafangdian Bearing Co., Ltd. Board of Directors
                                                                February 20, 2025