Shorttitle:WaZhouB                          Code：200706                         No.:2017-49

               WafangdianBearingCompanyLimitedAnnouncement

               ofResolutionofthe20173rdExtraordinaryBoardSession

   Ourcompany,thewholemembersoftheboardofdirectorsandtopmanagementsensuredthetruth,

accuracy,completeness,nofalserecord,misleadingstatementandfatalomitoftheannouncement.

    I.ThestatementofBoardofDirectorsMeeting

    1.Whenandhowthenoticeissentout

     Meetingnoticeofthe20173rdExtraordinaryBoardofDirectorsofWafangdianBearingCo.,Ltd

hasbeensentoutbyfaxonDecember7,2017.

     2.Thetime,placeandthewayoftheBoardofDirectorsMeeting

   The20173rdExtraordinaryBoardofDirectorsofWafangdianBearingCo.,LtdwasheldatWBGC

309meetingroomat9:00onDecember12,2017bymeansofspotcombiningcommunication.

    3.Theboardmembersthatshouldattendandactuallypresent

   12boardmembersshouldattendthemeetingbutactually11memberswerepresent,1members

appointedrepresentativestoattendthemeeting.Mr.WanShouyididn’tattendthemeetingbecauseof

workandauthorizedMr.LiuYupingonhisbehalf.

    4.ThepresideoftheBoardofDirectorsMeeting

   TheBoardofDirectorsMeetingisholdbythechairmanoftheBoardMr.MengWei,and2Supervisor

representativesattendedthemeetingasnon-votingdelegates.

    5.Holdingofmeetingconformstoregulationsof“CorporateLaw”aswellas“ArticleofAssociation”.

    II.ThedeliberationoftheBoardofDirectorsMeeting

    1.Theproposalofadjustingadditionalamountofdailyrelatedtransactionsandthetotal

 forecastof2017.

    TheralateddirectorsMengWei,SunMaolin,ZhaoYang,ZhangXinghai,ChenJiajun,SunNajuan

 avoidtovotetotherelatedissuse.

    Approvalresult:6approvingvote,0rejectingvoteand0abstainingvote;

       Theindependentdirectorsshowpre-confirmandindependentopiniononthisproposal.

       Thisproposalshouldbepassedby20172ndextraordinaryshareholders’meeting.

       Thedetailsoftheproposalwillpublishathttp://www.cninfo.com.cn

    2.Theproposalofholding20172ndextraordinaryshareholders’meeting.

    Approvalresult:12approvingvote,0rejectingvoteand0abstainingvote;

    The company decided to hold the 2017 2nd extraordinary shareholder’s meeting on 29

December,2017,Theannouncementwillbepublishedathttp://www.cninfo.com.cn

    Thepre-confirmationdocumentandindependentopinionwillpublishathttp://www.cninfo.com.cn

Shorttitle:WaZhouB                          Code：200706                         No.:2017-49

    III.Thedocumentsforfuturereference

    1.WafangdianBearingCo.,LtdResolutionsofthe20173rdExtraordinaryBoardofDirectors

    2.Theopinionofindependentdirector.

    3.OtherdocumentsrequiredbytheShenzhenStockExchange.

    SpeciallyAnnouncement

                                           BoardofdirectorofWaFangdianbearingCo.,Ltd

                                                        December12,2017