Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-22
Wafangdian Bearing Co., Ltd.
Announcement on Daily Related Transactions Forecast for
year of 2026
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.
I.Daily related transactions in 2025
Approved by the 16th meeting of the 9th Board of Directors of the company and the 2024 Annual
General Meeting of Shareholders, the total amount of related transactions of various commodity
sales and purchases that the company is expected to have with related parties in 2025 is
company in 2025 was 1,659.26 million yuan (audited).
II.Overview of the expected daily related transactions in 2026
On April 24, 2026, the company held the 5th meeting of the 10th Board of Directors, during which
the "Proposal on the Estimated Daily Related Party Transactions of the Company in 2026" was
reviewed. Related party directors Zhang Xinghai, Chen Jiajun and Wang Jiyuan abstained from
voting. The meeting passed the proposal with 9 votes in favor, 0 votes against and 0 abstentions.
In 2026, the company expects the total amount of related transactions of various commodity sales
and purchases with related parties to be 1.95 billion yuan.
This motion needs to be submitted to the company's shareholders' meeting for review and approval.
At that time, the related shareholder, Wafangdian Bearing Group Co., LTD., will abstain from voting
on this motion at the shareholders' meeting.
(i)Types and amount of expected daily related transactions in 2026
Unit: Ten thousand yuan
Actual
occurre
Pricing nce
Content of Project
Types of Principles amount Project
Related ed
Related Related Person Related from ed
Transactions amount
Transactions Transactions January amount
for 2026
to in 2025
March
Purchase
Wafangdian
spare parts
Bearing Group
from Spare parts Marketization 60,000 12,771 85,000
Corp., Ltd. and its
associated
subsidiaries
parties
Purchase Wafangdian
bearing Bearing Group
Products Marketization 30,000 7,475 60,000
products from Corp., Ltd. and its
associated subsidiaries
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-22
parties
Leased
Leasing from Wafangdian premises
Marketization,
a related Bearing Group Leasehold land 2,000 477 2,000
cost pricing
party Corp., Ltd. Leased
equipment
Sourcing fuel Wafangdian
Government
and power Bearing Group
Kinetic energy pricing, cost 5,500 992 6,500
from Corp., Ltd. and its
pricing
associates subsidiaries
Wafangdian
Purchase
Bearing Group
equipment equipment marketization 100 0 900
Corp., Ltd. and its
from affiliates
subsidiaries
Dalian Heavy
Industry
Mutual
Equipment Group repair 150
agreement
Co. , Ltd. its
subsidiaries
Security, fire
service,
trademark use,
sharing of public
Accept facilities,
services publicity, vehicle
provided by use, technology
affiliated Wafangdian development
parties Bearing Group services, Mutual
Corp., Ltd. and its maintenance/gre agreement
subsidiaries ening,
engineering
services, labor
fees, gear
cleaning,
training, physical
examination,
etc.,
Total purchase amount from related parties 106,600 23,162 165,550
Dalian Heavy
Industry
Equipment Group product marketization 0 - 4,500
Co. , Ltd. its
Sell products subsidiaries
to affiliates Wafangdian
Bearing Group
product marketization 50,000 7,612 85,500
Corp., Ltd. and its
subsidiaries
Wafangdian
Sell materials Bearing Group goods and
marketization 3,300 193 1,500
to affiliates Corp., Ltd. and its materials
subsidiaries
Sell
semi-finished Wafangdian
Semi-finished
products and Bearing Group
products, spare marketization 9,000 0 10
spare parts to Corp., Ltd. and its
parts
related subsidiaries
people
Rent to Wafangdian Lease of plant, Marketization,
affiliated Bearing Group equipment, land cost pricing
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-22
parties Corp., Ltd. and its
subsidiaries
Heat treatment,
Provide Wafangdian
sharing of public
services to Bearing Group
facilities, pickling marketization 6,000 1,125 6,000
related Corp., Ltd. and its
and other
parties subsidiaries
services
Wafangdian
Sell
Bearing Group
equipment to equipment marketization 18,000 - 9,500
Corp., Ltd. and its
affiliates
subsidiaries
Total sales to related parties 88,400 9,420 109,310
(ii) Actual occurrence of daily related transactions in the previous year (2025)
Unit: Ten thousand yuan
Pricing Proportio Difference
Principl Actual n of between
Types of Project
Content of Related es amount actual actual
Related ed
Related Person Transactions Related incurre amount amount
Transaction amount
Transac d in to similar and
s in 2025
tions 2025 business approved
(%) amount (%)
Purchase Wafangdian
spare parts Bearing Group Marketi
Spare parts 59,596 85,000 48.29 -29.89
from related Corp., Ltd. and zation
person its subsidiaries
Purchase Wafangdian
bearings Bearing Group Marketi
Products 48,775 60,000 39.52 -18.71
from related Corp., Ltd. and zation
person its subsidiaries
Marketi
Lease Wafangdian Lease housing
from related Bearing Group Lease land zation, 1,894 2,000 1.53 -5.29
parties Corp., Ltd. Lease equipment cost
pricing
Purchase Govern
Wafangdian
fuel and ment
Bearing Group
power from Kinetic energy pricing, 5,139 6,500 4.16 -20.94
Corp., Ltd. and
related cost
its subsidiaries
person pricing
Purchase
Wafangdian
equipment
Bearing Group Marketi
from related Equipment 182 900 0.15 -79.81
Corp., Ltd. and zation
person
its subsidiaries
Dalian Heavy
Industry
Mutual
Accept Equipment
repair agreem 8 150 0.01 -94.74
labor Group Co. , Ltd
ent
services and its
provided by subsidiaries
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-22
related Security, fire
person service, trademark
use, sharing of
public facilities,
Interest on funds
occupation,publicity
, vehicle use,
Wafangdian
technology Mutual
Bearing Group
development agreem 7,818 1,1000 6.33 -28.93
Corp., Ltd. and
services, ent
its subsidiariess
maintenance/green
ing, engineering
services, labor
fees, gear
cleaning, training,
physical
examination, etc.,
Total purchase amount from related parties 165,550 100.00 -25.45
Dalian Heavy
Industry
Sell Equipment Marketi
Products 3,204 4,500 7.54 -28.79
products to Group Co. , Ltd. zation
affiliates and its
Sell subsidiaries
materials to Wafangdian
affiliates Bearing Group Marketi
Products 28,494 85,500 67.02 -66.67
Corp., Ltd. and zation
its subsidiaries
Selling Wafangdian
materia Bearing Group Marketi
ls to Corp., Ltd. and
supplies
zation
associa its subsidiaries
tes
Selling
semi-finishe
Wafangdian
d products Semi-finished
Bearing Group Marketi
and spare products, spare 24 10 0.06 143.57
Corp., Ltd. and zation
parts to parts
its subsidiaries
related
parties
Wafangdian Marketi
Lease to an Bearing Group Leased plant, zation,
affiliate Corp., Ltd. and Equipment, land cost
its subsidiaries pricing
Provide Wafangdian Heat treatment,
services to Bearing Group sharing of public Marketi
related Corp., Ltd. and facilities, pickling zation
parties its subsidiaries and other services
Wafangdian
Selling
Bearing Group Marketi
equipment equipment 12 9,500 0.03 -99.87
Corp., Ltd. and zation
to affiliates
its subsidiaries
Total sales to related parties 42,514 109,310 100.00 -61.11
equipment manufacturing industry”, even the finished bearings
Explanation of the board of directors of the
are semi-finished products and spare parts of other industries,
company on the large difference between the
the Company and its related companies have thousands of
actual occurrence and the expectation of daily
supporting specifications, which are very trivial and the market
related transactions
demand changes greatly ;
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-22
cost reduction, the company reduces or increases the expected
related transactions under the condition of satisfying the
company’s quality certification.
models have been adjusted, resulting in a reduction in
transaction amounts.
Explanation of the company’s independent In line with the company’s actual situation, the company’s daily
directors on the large difference between the related transactions that have occurred in 2025 are fair and
actual occurrence and the expectation of daily reasonable, and have not harmed the interests of the company
related transactions and other non-related shareholders.
III Introduction of related person and relationship
(i) Introduction of related person
Legal representative: Meng Wei
Registered capital: 519,869,400 yuan
Registered address: No. 1, Section 1, North Gongji Street, Wafangdian City, Liaoning Province
Type of enterprise: Limited Liability Company
Business term: From December 22, 1995 to December 22, 2045
Unified social credit code: 91210200242386663D
Business scope: Import and export of goods, import and export of technologies (for projects
subject to approval according to law, business activities can only be carried out after approval by
relevant departments, the specific business projects shall be subject to the approval results)
General projects: Manufacturing of bearings, gears and transmission parts, sales of bearings,
gears and transmission parts, manufacturing of metal tools, sales of metal tools, manufacturing of
special equipment (excluding licensed professional equipment manufacturing), research and
development of machinery and equipment, sales of machinery and equipment, manufacturing of
non-metallic mineral products, sales of non-metallic minerals and products, ferrous metal casting,
non-ferrous metal casting, automotive parts and accessories manufacturing, Auto parts retail, auto
parts wholesale, railway rolling stock parts manufacturing, railway rolling stock parts sales,
industrial design services, general equipment repair, technical service, technical development,
technical consultation, technical exchange, technology transfer, technology promotion, metal
materials sales, housing leasing, non-residential real estate leasing, machinery and equipment
leasing
Latest audited financial position (2024) : Total assets were RMB 8,734.73 million, net assets were
RMB 1,163.51 million, operating revenue was RMB 4,024.90 million, and net profit was RMB
-266.12 million (audited).
Legal representative: Meng Wei
Registered capital: 2,440,000,000 yuan
Registered address: No. 169, Bayi Road, Xigang District, Dalian City, Liaoning Province
Type of enterprise: Limited Liability Company
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-22
Business term: From December 27, 2001 to December 26, 2051
Unified social credit code: 91210200732769552T
Business scope:Mechanical equipment design, manufacturing, installation, and commissioning;
supply of spare parts and accessories; manufacturing of metal products and metal structures;
production of molds and tools; metal surface treatment and heat treatment; manufacturing of
electromechanical equipment components and collaborative processing; real estate development;
transportation, warehousing, labor services, and personnel training; commercial trade; export
operations; EPC contracting; electromechanical equipment leasing, technology development, and
consulting; computer applications; design, manufacturing, installation, modification, and
maintenance of lifting machinery and special equipment; pressure vessel design and
manufacturing (for specific categories, limited to subsidiaries within the licensed scope). ***
(Projects subject to statutory approval shall only commence operations after obtaining approval
from relevant authorities.)
Latest audited financial status: As of December 31,2024, Total assets were RMB 47.882 billion,
and net assets were RMB 10.684 billion; the audited operating revenue for 2024 was RMB 22.846
billion, with a net profit of RMB 0.999 billion.
None of the above related parties belongs to the person subject to enforcement for breach of trust.
(ii) Relationship with the Company
Among the above-mentioned related parties, Wafangdian Bearing Group Co., Ltd. is the largest
shareholder of our company. Dalian Heavy Industry Equipment Group Co., Ltd. is a shareholder of
the company's controlling shareholder. According to Article 6.3.3, Paragraph 2, Item (1) of the
"Stock Listing Rules of Shenzhen Stock Exchange", the above-mentioned company is an
associated legal person of the company.
IV. Pricing basis and pricing principles for related transactions
The Company and related parties reach transaction agreements based on the principles of
voluntariness, equality, mutual benefit, fairness and justness. The pricing of related transactions,
except for government pricing, cost pricing and agreement pricing, is based on market prices. The
transactions between the company and the above-mentioned related parties are normal production
and operation activities, and there is no situation that damages the interests of the listed company;
Pricing principles and basis: where market comparable prices are available, pricing is based on
market prices; where market comparable prices are not available, pricing is based on cost plus or
agreement;
The prices of the above-mentioned daily related transactions follow the fair and reasonable pricing
principle and are based on market prices, all parties sign trade agreements based on the principles
of voluntariness, equality and mutual benefit, and ensure that the prices of products provided to
each other do not deviate from the prices of third parties; the transaction price shall be calculated
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-22
according to the agreed price and the actual transaction quantity, and the payment arrangement
and settlement method shall be implemented with reference to industry-accepted standards or
contractual agreements. For related transactions that occur within the expected scope of 2026,
after the “Proposal of Wafangdian Bearing Co., Ltd. on the Expected Daily Related Transactions in
company will execute the transactions after signing the corresponding contract agreement with
related parties based on the market prices or the prices negotiated and determined by both parties
according to actual needs.
V. Purpose of the related transaction and its impact on the listed company
The Company leases the houses and factory sites of Wafangdian Bearing Group Corp., Ltd., uses
its “ZWZ” trademark for a fee, and accepts security, fire protection, technology development and
other services provided by Wafangdian Bearing Group Corp., Ltd. and its subsidiaries, these are
necessary for the company’s development and production and operation activities, and provide a
favorable guarantee for the company’s development.
The Company purchases spare parts, bearings, products, and steel products from related parties,
and sells materials and spare parts and rent housing and other items to related parties. These
transactions are necessary for the company’s development and ensure the company’s normal
production and operation activities.
The above related transactions are all daily business transactions and are conducted on the basis
of necessity, fairness and mutual benefit, the parties to the transactions strictly follow the relevant
agreements, there is no damage to the interests of the listed company, no great impact on the
company’s current and future financial status and operating results, nor influence on the
independence of the listed company.
VI. Opinions of the Special Meeting of Independent Directors
After review, we believe that the explanation of the actual occurrence of daily related-party
transactions in 2025 being different from the forecast is in line with the company's actual situation.
The daily related-party transactions that have occurred in 2026 are fair and reasonable, and have
not harmed the interests of the company and other non-related party shareholders. The
related-party transactions in 2026 are formulated based on the actual amounts incurred in 2025,
which are in line with the actual production and operation needs of the company and belong to
normal commercial transaction behaviors. The price of related-party transactions is determined
based on the market price. The pricing is fair and does not violate the principles of openness,
fairness and impartiality. It does not affect the independence of the company's operation, will not
have a significant adverse impact on the company's financial and operating conditions, and there is
no behavior that harms the interests of the company and small and medium-sized shareholders. It
is in line with the overall interests of the company. All the independent directors agreed to this
matter and agreed to submit the above-mentioned motion to the company's board of directors for
Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-22
deliberation. When the board of directors voted on the motion, the related directors abstained as
required.
VII. Documents available for inspection
Board of Directors of
Wafangdian Bearing Co., Ltd.
April 27, 2026
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