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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 SuspensionThe Company and all members of the BOD guarantee that the informationdisclosed 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 Bhave tendered their shares in acceptance of the offer, representing an aggregate of 54,524,555unrestricted tradable public shares tendered. This tender offer has become effective in accordancewith the effectiveness conditions stipulated in the Takeover Offer Report on Wafangdian BearingCo., Ltd.of share ownership in respect of this tender offer have been fully completed. Wafangdian BearingGroup holds 298,524,555 shares of the Company, accounting for 74.15% of the Company"s totalshare capital. As the proportion of shares held by public shareholders is less than 10% of theCompany"s total share capital, in accordance with the provisions of the Securities Law of thePeople"s Republic of China, the Rules Governing the Listing of Stocks on the Shenzhen StockExchange (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. TheCompany will carry out the procedures for the termination of the listing of its shares in accordancewith relevant provisions and issue corresponding announcements in due course.Pursuant to relevant regulations, the Company"s shares will continue to be suspended from tradingfrom the date of disclosure of this Announcement.to Article 9.7.11 of the Listing Rules, no delisting consolidation period shall be applicable where alisted company voluntarily terminates its listing status. The Company"s shares shall be delistedwithin five trading days from the date on which the Shenzhen Stock Exchange announces thedecision on the termination of the Company"s listing, and the listing of the Company"s shares shallbe officially terminated. Investors are kindly requested to pay attention to the relevant investmentStock abbreviation: Wazhou B Stock code: 200706 No.: 2026-13risks.Wafangdian Bearing Group Co., Ltd. (hereinafter referred to as "Wazhou Group") announced theTender Offer Report on Wafangdian Bearing Co., Ltd. on January 19, 2026, and resolved to launcha comprehensive tender offer to all shareholders of Wafangdian Bearing Co., Ltd. (hereinafterreferred to as the "Company" or "Wazhou B") other than the offeror, to acquire the Company"sshares 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 ofthis tender offer are hereby announced as follows:I. Basic Information of This Tender Offerheadwinds, Wazhou B has suffered consecutive losses and its operating conditions have beendeteriorating. Since 2025, compounded by multiple adverse factors, the Company"s businessoperations have been further constrained, and the potential financial risks facing the Companyhave continued to escalate. If such circumstances persist, the Company"s operational risks willinevitably 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 tradableshareholders for the purpose of terminating the listing status of Wazhou B, in order to fullysafeguard the interests of Wazhou B"s shareholders and fulfill its responsibilities as a state-ownedenterprise.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 temporarilyheld in custody by China Securities Depository and Clearing Corporation Limited ShenzhenBranch exceeds 39,050,000 shares by 15:00 on the last trading day during the valid period of thistender offer—which means that the proportion of Wazhou B"s public shares held by the public afterthe acquisition will be less than 10% of the total share capital—and Wazhou B will therefore noStock abbreviation: Wazhou B Stock code: 200706 No.: 2026-13longer meet the listing requirements pursuant to the Listing Rules of the Shenzhen StockExchange.II. Implementation of This Tender OfferLtd. on the CNINFO Website (http://www.cninfo.com.cn) and officially launched the tender offercommencing 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 specialreminder announcement specifying that the acceptance of the tender offer cannot be withdrawnduring the three trading days prior to the expiration of the offer period, on the Securities Times andthe CNINFO Website (www.cninfo.com.cn).(www.szse.cn) on a daily basis during the tender offer period, the number of shares tendered andwithdrawn on the preceding trading day, as well as the cumulative net number and proportion ofshares tendered during the offer period.III. Outcome of This Tender OfferAccording to statistics provided by China Securities Depository and Clearing Corporation LimitedShenzhen Branch, as of February 27, 2026, a total of 1,459 shareholders of Wazhou B havetendered their shares in acceptance of the offer, The total number of unrestricted tradable publicshares tendered in acceptance of the offer are 54,524,555 shares.Pursuant to the conditions forthe 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 ProcessAfter 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 theCompany"s total share capital. As a result, the proportion of shares held by public shareholders willfall below 10% of the Company"s total share capital.In accordance with the provisions of theSecurities Law of the People"s Republic of China, the Rules Governing the Listing of Stocks on theShenzhen Stock Exchange and other relevant laws and regulations, the shareholding structure ofStock abbreviation: Wazhou B Stock code: 200706 No.: 2026-13the Company no longer meets the requirements for listing. The Company will carry out thedelisting procedures in accordance with relevant regulations and issue correspondingannouncements in due course.Pursuant to relevant regulations, the Company"s shares will continue to be suspended from tradingfrom the date of disclosure of this Announcement.Hereby notify Board of Directors of Wafangdian Bearing Company limited March 4,2026
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