Stock：WazhouB                                    Code：200706                                 No.：2017-30



                        Wafangdian Bearing Co., Ltd
               Announcement of Dividend Distribution for Year 2016

    Our company, the whole members of the board of directors and top managements ensured the truth,
accuracy, completeness, no false record, misleading statement and fatal omit of the announcement.



     Wafangdian Bearing Co., Ltd dividend distribution plan has been approved by the 2016 annual
shareholders’ meeting held on May 18, 2017.The details as followed:


     1. The dividend plan
     The dividend plan for Year 2016: Based on 402.60 million shares, the Company decided to
distribute the before-tax cash dividend of RMB 0.1 per 10 shares              (tax included, the foreign
non-residential enterprise distributed the after -tax cash dividend of RMB 0.09 per 10 shares, for
churchyard individual and foreign individual of B shareholders are subject different tax ratio, distributed
cash dividend of RMB 0.1 per 10 shares firstly, and tax shall be paid according to the actual term of
shareholding after reducing of shares1.
     [Note 1: On first –in –first –out basis, shareholding periods are calculated upon each
shareholders’ account ,namely RMB 0.02 of tax per 10 shares for under 1month(include);RMB0.01 of
tax per share for between 1 month and 1year(include);no tax is payable for over one year. ]
     Dividend for B shares will be distributed in Hong Kong Dollar. The exchange rate will be the
medial rate between RMB and HKD (HKD1.00 = RMB0.8838) published by People’s Bank of China at
the 1st bank day (May 19, 2017) after the Shareholders’ Annual Meeting 2016, Future withholding of
B shares, personal shareholders need to pay taxes, reference to the above exchange rate
translation.

     2. Registration day and Ex-dividend day
     The final trading day: July 7, 2017(T)
     Ex-dividend date: July 10, 2017(T+1)
     B share registration date: July 12, 2017(T+3)
     3. Qualifications for the dividend
     All of the B shareholders registered by China Securities Depository & Clearing Corporation Ltd.
Shenzhen Branch upon the closing of Shenzhen Stock Exchange in the afternoon of July 12, 2017(T+3)
(The final trading day is July 7, 2017)
     4. Way of distribution


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Stock：WazhouB                                   Code：200706                                  No.：2017-30



    The circulation B shares dividend will be directly transferred on July 12, 2017 into the shareholder’s
accounts of entrusted Security agency or entrusted bank; Shareholders whose B shares are entrusted
on July 12, 2017, they can still withdraw their dividends at the former entrusted security agency or the
entrusted banks.
     Dividends for the shareholders with state-owned legal-person shares and executives locked
shares will be distributed directly by the company;
     5. Others
     If the B shareholder is not belong to the churchyard individual foreign individual and
non-residential enterprise ,but their bonuses tax are deducted, please contact with the Company before
July 31, 2017 (including the date ofJuly 31), and provide related materials requested by the Tax bureau,
company will help to refund the tax after affirmed.
     6. Contact person: Investment and Security Department of WBC
         Ms.Ke Xin

        Tel: 0411-39116732.        Fax: 0411-39116738

        Address: No. 1 Beigongji St., Wafangdian City




                                                           Wafangdian Bearing Co., Ltd.

                                                                    June 30, 2017




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