Stock： WazhouB                                     Code：200706                                    No.：2019-04



                              Wafangdian Bearing Company Limited
         Announcement of Resolution of the Ninth Meeting of 7th Board of Supervisors

    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.


     I.The convened statement of Board of Supervisors
     1.When and how the notice is sent out
     Meeting notice of the ninth Meeting of 7th Board of Supervisors of Wafangdian Bearing Company
     limited has been sent by fax on April 16, 2019.
     2.The time、place and the way of holding the Board of Supervisors.
     The ninth Meeting of 7th Board of Directors of Wafangdian Bearing Company limited was held at 309
     meeting room at 15:00 April 26, 2019.
     3.The members that should attend and actually present.
     5 members should attend the meeting and actually 5 members were present.
     4.The presider and the present member of the Board of Supervisors
     The Board of Supervisors is hold by the President of Supervisory Committee Mr. Sun Shicheng, the
     GM and General accountant attend the meeting.
     5.Holding of meeting conforms to regulations of “Corporate Law” as well as “Article of Association”.
     II.The deliberation of the Board of Supervisors
      1. Discussed and unanimously passed 2018 annual supervisor report by 5 approving vote, 0 rejecting
     vote and 0 abstaining vote;
      2. Discussed and unanimously passed the 2018 annual profit distribution plan by 5 approving vote, 0
     rejecting vote and 0 abstaining vote;
      3. Discussed and unanimously passed 2018 annual Financial Final Reports (audited) by 5 approving
     vote, 0 rejecting vote and 0 abstaining vote;
      4. Discussed and unanimously passed the Financial budget of 2019 by 5 approving vote, 0 rejecting
     vote and 0 abstaining vote;
      5.The bill on debt restructuring
      5.1 Discussed and unanimously passed The bill on the provision for impairment of assetsby 5
     approving vote, 0 rejecting vote and 0 abstaining vote;
      5.2 Discussed and unanimously passed The proposal of debt restructuring part of which involved
     related transactions by 5 approving vote, 0 rejecting vote and 0 abstaining vote;


       6. Discussed and unanimously passed the 2018 annual report and abstracts by 5 approving vote, 0
    rejecting vote and 0 abstaining vote;


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Stock： WazhouB                                    Code：200706                                  No.：2019-04


       The board of supervisors considers that: The formation and verify process of the 2018 annual report
and abstracts meets law and regulations and the requirement made by CSRC. The truth, accuracy,
completeness, no false record, misleading statement and fatal omit of the announcement.
       7. Discussed and unanimously passed the proposal of provisions for asset depreciation by 5
approving vote, 0 rejecting vote and 0 abstaining vote;
       8.Discussed and unanimously passed the self-evaluation report for internal control on company by 5
approving vote, 0 rejecting vote and 0 abstaining vote;
         The board of supervisors considers that:The company has established a set of a comprehensive
and perfect internal control management system, which is reasonable, complete and effective, and is in line
with relevant laws and regulations. It complies with the practical situation, meets the development
requirements and is carried out effectively. Ended on December 31, 2018the design and operation of the
internal control fit into the evaluation scope of is effective.
       9.Discussed and unanimously passed the proposals on the hiring of accounting firms and
remuneration by 5 approving vote, 0 rejecting vote and 0 abstaining vote;
       10. Discussed and unanimously passed the proposal of daily related transaction of 2018 and the
prediction of daily related transaction of 2019 by 5 approving vote, 0 rejecting vote and 0 abstaining vote;
       11. Discussed and unanimously passed the report of 2019 Q1 by 5 approving vote, 0 rejecting vote
and 0 abstaining vote;
       The board of supervisors considers that: The formation and verify process of the first quarter report of
2019 meets law and regulations and the requirement made by CSRC. The truth, accuracy, completeness,
no false record, misleading statement and fatal omit of the announcement.
       12. Discussed and unanimously passed the Financial Final Reports of 2019 Q1(unaudited) by 5
approving vote, 0 rejecting vote and 0 abstaining vote;
       The proposal1.2.3.4.5.6.7.9 and 10 should be passed by shareholder’s meeting of 2018.

Ⅲ.The documents for future reference
1. Resolution of the ninth Meeting of 7th Board of Supervisors.
2. The 2018 annual Financial Final Reports and the first quarter report of 2019 stamped by the company
and singed by the legal representative of the Company, the principal of charging account work and the
principal of account organization.



                                         Board of Supervisors of Wa Fangdian bearing company limited

                                                                  April 29. 2019




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