Stock Name： Wazhou B                            Stock Code：200706                          No.：2017-43


                             Wafangdian Bearing Company Limited
                          Announcement of receiving government grants

        The Company, all the members of the Board of Directors and top management hereby guarantee the truth,
accuracy and completeness of the information disclosure, no any false records, misleading statements and major
missing contents.



     Wafangdian Bearing Company Limited (the “Company”) on September 28, 2017 received the Dalian
Municipal Bureau of Finance allocated to the Company in 2017 the first (sets) of major technical equipment
insurance subsidy project subsidy funds 1.46 million yuan.


        Details of government grants:

                                                                                    Unit: 0000’ Yuan
                         Item                        Amount                 Resource and basis
     2017 first (sets) major technical                            Dalian municipal bureau of finance
                                                      146
     equipment insurance subsidy project.                         No.[2017]442



     The government grant will affect to the annual profits and losses of 2017 with amount of 1.46 million
yuan.



     Specially announcement




                                                                                Board of Directors of
                                                                    Wafangdian Bearing Company Limited
                                                                                September 29, 2017




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