AnnouncementofWafangdianBearingCompanyLimited

                     20172ndExtraordinaryShareholders’Meeting

  TheCompany,allthemembersoftheBoardofDirectors,supervisorsandtopmanagementherebyguarantee

thetruth,accuracyandcompletenessoftheinformationdisclosure,noanyfalserecords,misleadingstatements

andmajormissingcontents.

The20173rdExtraordinaryBoardofDirectorsofWafangdianBearingCompanyLimiteddecidedtoholdthe

2017 2ndextraordinary shareholders’meetingat 29December,2017,relevanteventsof theMeeting

announceasfollow:

I.Basicsituation:

1.Periodofboardsession:20172ndextraordinaryshareholders’meeting

2.Convener:BoardofDirectoroftheCompany

3. The meetingis inline withrelevant laws and administrative regulations,department rules,

normativedocumentsandarticleofassociation.

4.Conferencedate:

(1)On-sitemeeting:14:30on29December,2017

(2)Networkvoting:specificdateforpollingthroughtradingsystemonShenzhenStockExchangewillat

9:30a.m.―11:30a.m.and1:00p.m.-3:00p.m.on29December,2017;specificdateforpollingthrough

internetvotingsystemonShenzhenStockExchangewillbeanytimefrom3:00p.m.,28December,2017to

3:00p.m.29December,2017.

5.Conferenceway:On-sitevotesplusnetworkpolling

(1)On-sitevoting:shareholderattendstheMeetinginpersonorentrustothersattendtheMeetingthrough

LetterofAuthorization.

(2)Networkpolling:TheCompanywillprovideavotingasaninternetformtowholeshareholdersthrough

thetradingsystemandinternetpollsystem(http://wltp.cninfo.com.cn)ofSZSE.Shareholdersshould

participateinvotinganytimeinthenetworkpollingduringtheabovementionedtimeperiod.

AccordingtotheregulationofArticle ofAssociation,theshareholdersoftheCompany,whosenames

registeredondateofrecord,shallexercisevotingrightsviacorrespondinglyvotingsystem.Oneofthe

pollingwaysbetweenon-sitevotingandinternetpollingisavailableforthesameshareonly.Ifrepeatvotes

occurredinthesamevoting,thefirstvalidvotingresultshallprevail.

6.DateofRecord:25December,2017

ShareholderofB-stock,withsharesheldon20December,2017(thefinaltradingdateforB-shareholder

attendthemeeting)orbefore20December,2017,shallattendantthemeeting.

7.Attendance:(1)AllshareholderswhosenameappearonregisteroftheShenzhenBranchofChina

SecuritiesDepositoryandClearingCorporationlimitedwhilethetradingcloseatnoonon25December,

2017.TheabovementionedshareholdersoftheCompanyhavetherighttoattendthemeeting,theycan

attendthemeetingthroughproxybytrustdeedandshareholderoftheCompanywouldn’tbenecessaryas

theproxy.Orattendtheinternetpollingduringthetimefornetworkvoting.

(2)Director,supervisorandseniorexecutivesoftheCompany

(3)AttorneyengagedbytheCompany

8.Conferenceplace:309ConferenceRoom,WazhouGroupNo.1BeigongjiYiduanStreet,Wafangdian,

Liaoning

II.Proposals:

1.Theproposalofadjustingadditionalamountofdailyrelatedtransactionsandtotalforecastof2017.

TheabovementionedproposalSARedeliberatedandapprovedbyThe20173rdExtraordinaryBoardof

Directors of BOD and The 2017 3rd Extraordinary Supervisory Committee, found more in the

Announcementofadjustingtheadditionalamountoftherelated-partytransactionandtotalforecastof2017

releasedonJuchaoWebsitehttp://www.cninfo.com.cndated12December2017.

III.Proposalserial

      Serial             Proposals                                         Note

                                                                    Votefortheitemwith

                                                                         Check“√”

     100                        Generalproposal                            √

                               Noncumulativevotingproposal

             Theproposalofadjustingadditionalamountofdailyrelated

     1.00             transactionsandtotalforecastof2017.                     √

III.Registrationforon-sitemeeting

1.Registrationdate:9:30a.m.�C11:30a.m.(28December,2017)

                 13:00p.m.�C16:30p.m.(28December,2017)

2.Placeofregistration:309ConferenceRoom,OfficeBuildingofWazhouGroup

3.Registrationway:

(1)PersonalIDcardaccompaniedbytheshareholdingcertificatesandstockaccountcardmustbetakenfor

individualshareholders.Ifattendedthemeetingbyproxy,theattendantmustholdtheIDcopyoftheclient,

powerofattorney,shareholdingcertificates,stockaccountcardalongwithagent’sIDcardforregistration;

(2) For corporate shareholders,the copy of thebusiness license, certificate of identity of the legal

representative,powerofattorney,shareholdingcertificatesalongwithIDofproxymustbenecesSARy.

(3)Theshareholdersinotherplacescanregisterinwayoffax,at9:30a.m.�C11:30a.m.and13:00p.m.�C

16:30p.m.on28December,2017

IV.Operationalprocessofnetworkpolling

OntheAGM,shareholderscanparticipateinvotingthroughtradingsystemandinternetpollingsystem

(http://wltp.cninfo.com.cn)  oftheSSE,relevantdetailsfoundinattachment1

V.Other

1.Meetingcontact:

Contactaddress:DivisionofInvestmentSecurities,No.1BeigongjiStreet,Wafangdian,Liaoning

Personincontact:KeXin,ZhuangJinling

Telephone:0411-39116731,39116732

Tax:0411-39116738

Code:116300

2.ConferenceFees:  Transportationandboardingexpensesforattendanceshallbepaidbythe

participantsthemselves

VI.Documentsavailableforreference

1.ResolutionofThe20173rdExtraordinaryBoardofDirectorsofWBC;

2.OtherdocumentsaccordingtotheShenzhenStockExchange

AttachmentI:Operationalprocessofnetworkpolling

AttachmentII.LetterofAttorney

Herebynotify

                                 BoardofDirectorofWafangdianBearingCo.,Ltd.

                                                    12December2017

        OperationalprocessofnetworkpollingforshareholdersofWafangdianBearingCo.,Ltd.

Inthe20172ndextraordinaryshareholders’meeting,shareholderscanparticipateinvotingthroughthe

tradingsystemandinternetpollingsystemofShenzhenStockExchange.

I.Votingprocess

1.Votingcode:360706;votingabbreviation:WzhouVoting

2.Opinionforlisting

Theproposalson20172ndextraordinaryshareholders’meetingarethenoncumulativevotingproposal,

resultforvotingareasAgreed,AgainstandAbstention.

3. The shareholdervoteforgeneral proposalmeansthesame voting result for allproposals. If the

shareholdervotedforgeneralproposalandforindividualproposalatthesametime,thefirsteffectivevoting

shouldprevail.Iftheshareholdervotedforgeneralproposalafterrelevantproposalvoting,thevotingresult

for relevantproposalshouldprevail,and otherun-votedproposalswouldbaseontheresultvotingfor

generalproposal.Ifvotedforrelevantproposalaftervotingforgeneralproposal,theresultvotingforgeneral

proposalshouldprevail.

IIVoteviatradingsystemofSZS

1.Votingperiod:9:30-11:30am,1:00-3:00pmtradingtimeon29December2017

2.log-onShenzhenStockExchangeforclientparticipateinvotingviatradingsystem

III.Votingviainternetpollsystem

1.Votingperiod:Thevotingviainternetpollsystemwillstartat3:00pmon28December2017(oneday

beforeon-siteconferenceheld),andcloseat3:00pmon29December2017(datewhenon-siteconference

closed)

2.Shareholdersvotingviainternetpollsystem,accordingtotheregulationofBusinessImplementationof

NetworkServiceIdentityVerificationforInvestorsofSZSE(2016Revised),shareholdersmustchoosethe

digitalcertificateorservicepasswordforidentityverification.Specificidentifyverificationfoundmoreon

http://wltp.cninfo.com.cn3.Theshareholdersmayvoteon-linevialogginginhttp://wltp.cninfo.com.cnwithservicepasswordordigitalcertificate.

     Attachment2:

                                            LetterofAttorney

          HerebyentrustMr./Ms.         Toattendthe20172ndextraordinary shareholders’meetingof

     WafangdianBearingCo.,Ltd.onbehalfofhimselforherselfandexecutevoterightsonbehalf.Voting

     resultSAReas:

                                                         Note

Serial                   Proposal                   Votefortheitem  Agreed    Against   Abstention

                                                     withCheck“√”

100                   Generalproposal                    √

                                    Noncumulativevotingproposal

  1     Theproposalofadjustingadditionalamountof             √

         dailyrelatedtransactionsandtotalforecastof

                          2017.

     TheattorneyeffectivefromthedateofissueandfailureontheMeetingclosed.

     Consignor:                                ID:

     Consignor’sshare:        shares         ShareholderAccount:

     Consignee:                               ID:

     Dateofconsignation:

     (PrintsandcopiesoftheAttorneyarevalid)