Short title:WaZhou B                        Code：200706                               No.:2023-29


                     Wafangdian Bearing Co., LTD
           Progress Notice on land Purchase and Related Party
                              Transactions

        The Company and all members of the BOD guarantee that the information disclosed is true,
accurate and completed, and that there are no false records, misleading statements or material
omissions.

I.The introduction of the early stage

1.Wafangdian Bearing Co., LTD. (hereinafter referred to as the "Company") held the twelfth session
of the eighth Board of Directors on April 1, 2022, and deliberated and passed the "Proposal on Land
Purchase and Related Party Transactions".

To meet the company's ownership of land and buildings is unified, in order to deal with real property
registration certificate, the purpose of the company to evaluate the price of 1.269 million yuan, to
buy the company the first big shareholder wafangdian bearing group co., LTD. (hereinafter referred
to as the "wazhou group"), a subsidiary of wafangdian bearing power co., LTD. (hereinafter referred
to as the " Power Company").

For the full text of the notice, see "Notice of Wafangdian Bearing Co., Ltd. on Land Purchase and
Related Transactions" published on Juchao Information website (http://www.cninfo.com.cn) on April
7, 2022.

2.The company issued "Wafangdian Bearing Co., LTD. 's Progress Announcement on Land
Purchase and Related Transactions" on July 2, 2022. Both parties agreed in the agreement that
"upon the signing of the Agreement, both parties shall immediately go through the registration and
transfer procedures for the change of the relevant real estate, and the transaction shall be
completed within three months after the approval of the board of Directors". Due to the impact of the
COVID-19 epidemic on the overall process, the business is expected to be completed on
September 30.

For the full text of the notice, see "Notice of Wafangdian Bearing Co., Ltd. on Land Purchase and
Related Transactions" published on Juchao Information website (http://www.cninfo.com.cn) on July
2, 2022.

3.On September 29, 2022, the Company received a written statement from Power indicating to the
Company that it would not be able to complete the business by September 30. The reason is that in
the process of tax approval, the tax department proposed to supplement the relevant historical
vouchers, coupled with various uncertain factors, thus affecting the overall progress of the process.

For the full text of the notice, see "Notice of Wafangdian Bearing Co., Ltd. on Land Purchase and
Related Transactions" published on Juchao Information website (http://www.cninfo.com.cn)on
September 30, 2022


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Short title:WaZhou B                        Code：200706                              No.:2023-29

II.The latest development
Recently, the company received the certificate of real estate rights, "Liao (2023) Dalian Wafangdian
Real Estate Rights No. 09900102", the relevant real estate change registration transfer procedures
have all been completed, the company has arranged to pay the payment, the purchase of land and
related transactions completed.


 Hereby notify
                                                            Board of director of
                                                     Wafangdian bearing Company limited
                                                           October 25th, 2023




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