Short title: WaZhou B Code：200706 No：2020-18
Wafangdian Bearing Company Limited Announcement of
Resolution of 2019 annual shareholders’ meeting
The Company, all the members of the Board of Directors, supervisors and top management hereby
guarantee the truth, accuracy and completeness of the information disclosure, no any false records, misleading
statements and major missing contents.
I. Important notes
a. The notification of the meeting has announced on the Securities Times, Hongkong Commercial
Daily and the http//www.cninfo.com.cn published on April 28, 2020.
b. No rejection proposals situation occurred during the meeting.
c. No adding and change of the proposals situation occurred during the meeting.
II. Information of the meeting
1) Time
a):On-site meeting:14:30 P.M ,May19,2020
b): Internet polling: May19,2020.Of which the poll through network via trading system of Shenzhen
Stock Exchange will be at 9:30—11:30 a.m. and 1:00-3:00 p.m. dated May19,2020; The specific time for
online voting through the shenzhen stock exchange's Internet voting system is 9:15-15:00 on May 19,
2020.
2) On-site meeting Place: 1004 meeting room at ZWZ Group headquarter
3) Way of meeting: on-site votes plus network polling
4) Convener: Board of directors of Wafangdian Bearing Co., Ltd.
5) Preside: Mr. Zhang Xinghai
Due to the chairman Mr.Liu Jun is on business, over more than half of the directors elect Mr.Zhang
Xinghai holding the meeting.
6) Holding of the meeting abides by the Company Law, Regulation of Listing of Stock and the
Articles of Association of the Company.
III. Attendance information
1) 2 shareholders (proxy) attended the meeting on behalf of 323,300,000 shares, which take
1
Short title: WaZhou B Code：200706 No：2020-18
80.31% of the total voting shares. Of which 1 internal capital shareholder (proxy) attended the meeting on
behalf of 244,000,000 shares which take 60.61% of the total voting shares. 1 foreign capital shareholders
(proxy) attended the meeting on behalf of 79,300,000 shares, which take 19.70% of the total voting
shares
General instruction for the minority shareholders: 0 minority shareholders attend the meeting by
spot or network via trading system of Shenzhen Stock Exchange and internet poll system of Shenzhen
Stock Exchange with 0 shares.
a: 2 shareholders (proxy) attended the spot meeting on behalf of 323,300,000shares, which take
80.31% of the total voting shares.
b: 0 shareholders (proxy) vote through network trading system of Shenzhen Stock Exchange and
internet poll system of Shenzhen Stock Exchange on behalf of 0 shares.
2). Several directors, supervisors and top management as well as lawyer attend the meeting.
IV. Discussion of the proposal and the information of voting
(1)To deliberate Director’s Report of 2019
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
(2) To deliberate Report of Supervisory Committee of 2019
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
2
Short title: WaZhou B Code：200706 No：2020-18
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
(3) To deliberate Profit Distribution Plan of 2019;
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
(4)To deliberate Final Account Report (Audited) of 2019
3
Short title: WaZhou B Code：200706 No：2020-18
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
(5)To deliberate Financial Budget of 2020
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
4
Short title: WaZhou B Code：200706 No：2020-18
(6)To deliberate Annual Report 2019 and its Summary
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
(7) To deliberate Provision for impairment of assets
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
5
Short title: WaZhou B Code：200706 No：2020-18
(8)To deliberate About the company 2020 daily related party transactions estimated motion
The first shareholder of WBC is ZWZ Group, who held 244,000,000 internal capital shares abided
all the terms in accordent requirement all the items.The voting results of other shareholders:
79,300,000 shares affirmative(Spot voting 79,300,000 shares affirmative and internet polling 0
share affirmative), which take the 100% of the voting right held by non-associated shareholders who
attended the meeting, 0 share objected; 0 share waived.
The minority shareholders (in addition to the company's d irectors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree; 0 share objected; 0 shares abstained.
The result of voting: approved.
(9) To deliberate on the proposal on adjusting the allowance for independent directors of
the company.
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
(10) To deliberate on the proposal on the appointment of audit institutions for the year
6
Short title: WaZhou B Code：200706 No：2020-18
2020
The result of voting: 323,300,000 shares affirmative (Spot voting 323,300,000 shares affirmative
and internet polling 0 shares affirmative), which take 100% of the valid voting right held by the
shareholders who attended the meeting; 0 share opposed; 0 share waived.
244,000,000 internal capital shares affirmative, which takes 100% of the valid voting right held by
all the internal capital shareholders who attended the meeting; 0 share opposed;0 share waived.
79,300,000 foreign capital shares affirmative, which take 100% of the valid voting right held by all foreign
capital shareholders who attended the meeting,0 share opposed ; 0 share waived.
The minority shareholders (in addition to the company's directors, supervisors and senior
management personnel and other shareholders, alone or together hold more than 5% of the company's
shareholders) voting for: 0 share agree ;0 share opposed;0 share waived.
Voting result: approved.
V. Legal advices showed by lawyer
1) Name of the law office: Dalian Huaxia law office
2) Lawyer: Mrs. Bao Jingxin, Mrs.Liu Cuimei
3) Conclusion: The holding and convening of the shareholders’ meeting conforms to the relative
laws, rules and the Article of Association. The qualification of people who attended the meeting is legal
and valid. The voting procedure is legal and valid. The resolution of the meeting is legal and valid.
VI. Reference document
1) Resolution of 2019 annual Shareholders’ meeting
2) Law opinions report
3) Other documents required by SZSE.
Wafangdian Bearing Co. Ltd
Board of Directors
May19, 2020
7
