Stock abbreviation: Wazhou B             Stock code: 200706                     No.: 2023-18


          Wafangdian Bearing Co., LTD. 2022 Annual
            General Meeting Resolution Notice
       The Company and all directors, supervisors and senior managers guarantee that the information
disclosed is true, accurate and complete without false records, misleading statements or major
omissions.

I.Important tips
1. The notice and announcement of this meeting has been published on Securities Times and
http://www.cninfo.com.cn.on April 28, 2023.
2. There was no increase, change or rejection of motions at this general meeting of shareholders.
3. This general meeting of shareholders does not involve any change to the resolutions passed
by previous general meetings of shareholders.

II. The convening of the conference
1. Time of meeting
(1) On-site meeting time: 14:30 PM, May 31, 2023;
(2) Online voting time: May 31, 2023. The voting time through the Shenzhen Stock Exchange
trading system is 9:15-9:25, 9:30-11:30, and 13:00-15:00 on May 31, 2023. Votes can be cast
through the Shenzhen Stock Exchange Internet Voting system at any time between 9:15 am on
May 31, 2023 and 15:00 PM on May 31, 2023.
2. On-site meeting place: Room 1004 of Wazhou Group
3. Meeting method: on-site ballot and online voting are combined
4. Convenor: Wafangdian Bearing Co., LTD. Board of Directors
5. Meeting moderator: Mr. Liu Jun
6. The meeting is held in accordance with the Company Law, stock Listing Rules and articles of
Association.
III. Attendance of the meeting
1. There are two shareholders and authorized representatives attending this meeting,
representing 323,300,000 shares, accounting for 80.30% of the total number of voting shares of
the listed company. Among them, there is one domestic shareholder (representative),
representing 244,000,000 shares, accounting for 60.61% of the total number of voting shares of
the listed company; There is one foreign shareholder (agent) with voting rights, representing
79.300,000 shares, accounting for 19.70% of the total number of voting shares of the listed
company.
(1) There were two shareholders and their authorized representatives attending the meeting,
representing 323,300,000 shares, accounting for 80.30% of the total number of voting shares of
the listed company.
(2) There are 0 shareholders voting through the trading system and Internet voting system of
Shenzhen Stock Exchange, representing 0 shares.
Overall situation of minority shareholders' attendance at the meeting: 0 minority shareholders

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Stock abbreviation: Wazhou B           Stock code: 200706                    No.: 2023-18

voted on site and online, representing 0 shares.
2. Part of the company's directors, supervisors, senior management and hired lawyers attend this
meeting.
IV. Review and voting of bills
The shareholders' meeting deliberated and passed the following motions by a combination of
on-site secret voting and online voting. The specific voting situation is as follows:
1. Review of the 2022 Annual Board Report
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares;0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
2. Review of 2022 Report of the Board of Supervisors
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
3. Review of the 2022 Annual Report and Executive Summary
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000

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Stock abbreviation: Wazhou B           Stock code: 200706                   No.: 2023-18

shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
4. Review of the Financial And Final Accounts 2022 (audited)
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
5. Review of the 2022 Profit Distribution Plan
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
6. Deliberating the Motion on the Provision for Credit Impairment and Asset Impairment
in 2022
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of

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Stock abbreviation: Wazhou B           Stock code: 200706                   No.: 2023-18

shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
7. Consideration of the Motion on Uncovered Losses Exceeding one third of paid-in
Capital Stock
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
8. Deliberating the Motion on the Company's Forecast for Daily Connected Party
Transactions in 2023
The company's largest shareholder - Wazhou Group of domestic shares held 244,000,000 shares
this motion according to the relevant requirements for avoidance. The voting results of the
remaining shareholders are:
Agreed to 79.3 million shares (including 79.3 million shares agreed by on-site voting and 0
shares agreed by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
9. Review of the 2023 Budget
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of

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Stock abbreviation: Wazhou B           Stock code: 200706                   No.: 2023-18

shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
10. Deliberating the Motion on the Renewal of Accounting Firms
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes

11. Deliberating the Motion on the Election of Independent Director Candidates for the
Ninth Board of Directors of the Company
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes

12. Deliberating the Motion on Amending the Articles of Association of the Company
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares


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Stock abbreviation: Wazhou B            Stock code: 200706                   No.: 2023-18

abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes
This motion is a special resolution motion, which is approved by more than two-thirds of the
total number of valid voting shares held by shareholders (including shareholders' agents) who
have already attended the General meeting of shareholders.

13. Deliberating the Motion on Electing Candidates for Supervisors of the Ninth Board of
Supervisors of the Company
323,300,000 shares approved (including 323,300,000 shares approved by on-site voting and 0
shares approved by online voting), accounting for 100% of the total number of shares with valid
voting rights present at the General Meeting of shareholders; Against 0 shares; 0 shares
abstained.
Among them, 244,000,000 domestic shares were approved, accounting for 100% of the total
number of valid voting shares of domestic shareholders attending the General meeting of
shareholders; Against 0 shares; 0 shares abstained. Foreign shareholders agree on 79,300,000
shares, accounting for 100% of the total number of valid voting shares of foreign shareholders
attending the General meeting of shareholders, and oppose 0 shares; 0 shares abstained.
Minority shareholders (except the company's directors, supervisors, senior managers and other
shareholders holding more than 5% of the company's shares individually or in total) shall vote:
approve 0 shares; Zero votes against, zero votes abstained.
Vote: Yes

V. Legal opinions issued by lawyers
1. Law Firm Name: Liaoning Huaxia Law Firm
2. Lawyer's name: Bao Jingxin, Liu Cuimei
3. Concluding Comments: The convening and convening procedures of the general meeting of
shareholders of the Company comply with laws, regulations and the Articles of Association; The
qualifications of the personnel attending the shareholders' meeting are legal and valid; The
voting procedure at the shareholders' meeting is legal and effective; Resolutions adopted by the
shareholders' general meeting are legal and valid.

VI. Documents for reference

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Stock abbreviation: Wazhou B         Stock code: 200706                   No.: 2023-18

1. Wafangdian Bearing Co., LTD. 2022 annual General Meeting resolution;
2. Liaoning Huaxia Law Firm legal opinion on wafangdian Bearing Co., LTD. 2022 Annual
General Meeting of shareholders
Notice is hereby given.
                                                   Wafangdian Bearing Co., LTD
                                                            May 31, 2023




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