Stock Name：Wazhou B                            Stock Code：200706                          No.：2018-32


                            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.



     Recently, the Company has received government grants with the amount of 631,333.43 Yuan. This

Steady post subsidy was paid by Unemployment insurance fund of Dalian Employment Management Center.

     According to the Notice about the issue of unemployment insurance support enterprise on post steady

made by Dalian Bureau of human resources and social security. For the enterprise taking effective measures

to no layoffs, fewer jobs and stable jobs, the unemployment insurance fund will give a stable job subsidies.

The company can enjoy the subsidy.

     The government grant will affect to the annual profits and losses of 2018 with amount of 631,333.43

Yuan.


        Specially announcement




                                                                                  Board of Directors of
                                                                     Wafangdian Bearing Company Limited
                                                                                   December13, 2018




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