Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-13
Announcement on the Outcome of the Tender Offer for the
Company's Shares by Wafangdian Bearing Group Co.,
Ltd.,the Continuation of the Company's
Share Trading Suspension
The Company and all members of the BOD guarantee that the information
disclosed is true, accurate and completed, and that there are no false records,
misleading statements or material omissions.
Special Note:
Limited Shenzhen Branch, as of February 27, 2026, a total of 1,459 shareholders of Wazhou B
have tendered their shares in acceptance of the offer, representing an aggregate of 54,524,555
unrestricted tradable public shares tendered. This tender offer has become effective in accordance
with the effectiveness conditions stipulated in the Takeover Offer Report on Wafangdian Bearing
Co., Ltd.
of share ownership in respect of this tender offer have been fully completed. Wafangdian Bearing
Group holds 298,524,555 shares of the Company, accounting for 74.15% of the Company's total
share capital. As the proportion of shares held by public shareholders is less than 10% of the
Company's total share capital, in accordance with the provisions of the Securities Law of the
People's Republic of China, the Rules Governing the Listing of Stocks on the Shenzhen Stock
Exchange (hereinafter referred to as the "Listing Rules") and other relevant laws and regulations,
the shareholding structure of the Company no longer meets the listing requirements. The
Company will carry out the procedures for the termination of the listing of its shares in accordance
with relevant provisions and issue corresponding announcements in due course.
Pursuant to relevant regulations, the Company's shares will continue to be suspended from trading
from the date of disclosure of this Announcement.
to Article 9.7.11 of the Listing Rules, no delisting consolidation period shall be applicable where a
listed company voluntarily terminates its listing status. The Company's shares shall be delisted
within five trading days from the date on which the Shenzhen Stock Exchange announces the
decision on the termination of the Company's listing, and the listing of the Company's shares shall
be officially terminated. Investors are kindly requested to pay attention to the relevant investment
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-13
risks.
Wafangdian Bearing Group Co., Ltd. (hereinafter referred to as "Wazhou Group") announced the
Tender Offer Report on Wafangdian Bearing Co., Ltd. on January 19, 2026, and resolved to launch
a comprehensive tender offer to all shareholders of Wafangdian Bearing Co., Ltd. (hereinafter
referred to as the "Company" or "Wazhou B") other than the offeror, to acquire the Company's
shares held by them, commencing on January 20, 2026. The term of this tender offer shall last for
(inclusive). Currently, this comprehensive tender offer has been in effect. The relevant details of
this tender offer are hereby announced as follows:
I. Basic Information of This Tender Offer
headwinds, Wazhou B has suffered consecutive losses and its operating conditions have been
deteriorating. Since 2025, compounded by multiple adverse factors, the Company's business
operations have been further constrained, and the potential financial risks facing the Company
have continued to escalate. If such circumstances persist, the Company's operational risks will
inevitably intensify.Taking into account various factors, as the controlling shareholder of Wazhou B,
Wazhou Group intends to launch this comprehensive tender offer to all unrestricted tradable
shareholders for the purpose of terminating the listing status of Wazhou B, in order to fully
safeguard the interests of Wazhou B's shareholders and fulfill its responsibilities as a state-owned
enterprise.
shareholders of Wazhou B other than the offerer.
to February 27, 2026 (inclusive), totaling 39 calendar days.
number of declared shares of Wazhou B's public shares tendered for acceptance and temporarily
held in custody by China Securities Depository and Clearing Corporation Limited Shenzhen
Branch exceeds 39,050,000 shares by 15:00 on the last trading day during the valid period of this
tender offer—which means that the proportion of Wazhou B's public shares held by the public after
the acquisition will be less than 10% of the total share capital—and Wazhou B will therefore no
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-13
longer meet the listing requirements pursuant to the Listing Rules of the Shenzhen Stock
Exchange.
II. Implementation of This Tender Offer
Ltd. on the CNINFO Website (http://www.cninfo.com.cn) and officially launched the tender offer
commencing on January 20, 2026.
of Directors to All Shareholders Concerning the Tender Offer by Wafangdian Bearing Group Co.,
Ltd. on the CNINFO Website (http://www.cninfo.com.cn).
announcements regarding the tender offer for the Company's shares, as well as a special
reminder announcement specifying that the acceptance of the tender offer cannot be withdrawn
during the three trading days prior to the expiration of the offer period, on the Securities Times and
the CNINFO Website (www.cninfo.com.cn).
(www.szse.cn) on a daily basis during the tender offer period, the number of shares tendered and
withdrawn on the preceding trading day, as well as the cumulative net number and proportion of
shares tendered during the offer period.
III. Outcome of This Tender Offer
According to statistics provided by China Securities Depository and Clearing Corporation Limited
Shenzhen Branch, as of February 27, 2026, a total of 1,459 shareholders of Wazhou B have
tendered their shares in acceptance of the offer, The total number of unrestricted tradable public
shares tendered in acceptance of the offer are 54,524,555 shares.Pursuant to the conditions for
the effectiveness of the offer as stipulated in the Tender Offer Report on Wafangdian Bearing Co.,
Ltd., this tender offer has officially become effective.
IV. The Company Will Initiate the Delisting Process
After the completion of the transfer of shares in the current tender offer acceptance process,
Wazhou Group will hold 298,524,555shares of the Company, accounting for 74.15% of the
Company's total share capital. As a result, the proportion of shares held by public shareholders will
fall below 10% of the Company's total share capital.In accordance with the provisions of the
Securities Law of the People's Republic of China, the Rules Governing the Listing of Stocks on the
Shenzhen Stock Exchange and other relevant laws and regulations, the shareholding structure of
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-13
the Company no longer meets the requirements for listing. The Company will carry out the
delisting procedures in accordance with relevant regulations and issue corresponding
announcements in due course.
Pursuant to relevant regulations, the Company's shares will continue to be suspended from trading
from the date of disclosure of this Announcement.
Hereby notify
Board of Directors of
Wafangdian Bearing Company limited
March 4,2026
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