Stock：WazhouB                                   Code：200706                                  No.：2020-19



                                Wafangdian Bearing Co., Ltd
             Announcement of Dividend Distribution for Year 2019

    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 shareholders' meeting deliberated and approved the profit distribution plan
     1.Wafangdian Bearing Co. LTD(hereinafter referred to as "company")Profit distribution plan for
2019(hereinafter referred to as "distribution plan")has been approved by the company's annual
shareholders' meeting in 2019, which was held on May 19, 2020.Scheme for the company on
December 31, 2019, a total of 402,600,000 shares of base, every 10 shares distributed to all
shareholders in cash dividend of 0.80 yuan (including tax), do not turn add equity capital accumulation
fund, do not send shares.The announcement of the resolution of the company's 2019 annual
shareholders' meeting was published in the Securities Times, Hong Kong Business Daily and Juchao
information network (http://www.cninfo.com.cn) on May 20, 2020.
     2.The total share capital of the company has not changed since the disclosure of the above profit
distribution scheme to the implementation period.
     3.The distribution plan implemented this time is consistent with the plan approved by the
shareholders' meeting.
     4.The implementation of the distribution plan is less than two months before the shareholders'
meeting.
     II.The dividend plan
     The dividend plan for Year 2019: Based on 402.60 million shares, the Company decided to
distribute the before-tax cash dividend of RMB 0.8 per 10 shares (tax included, after tax deduction, the
amount of cash for non-resident B-share enterprises and individuals holding pre-ipo restricted shares
will be dividend of RMB 0.72 per 10 shares, The dividend bonus tax for domestic individual
shareholders who hold unlimited shares for sale shall be levied at a differential tax rate, distributed
cash dividend of RMB 0.8 per 10 shares firstly, and tax shall be paid according to the actual term of
shareholding after reducing of shares1.
     [Note 1: On first –in –first –out basis, shareholding periods are calculated upon each
shareholders’ account ,namely RMB0.16 of tax per 10 shares for under 1month(include);RMB0.08 of
tax per share for between 1 month and 1year(include);no tax is payable for over one year. ]
     Dividend for B shares will be distributed in Hong Kong Dollar. The exchange rate will be the
medial rate between RMB and HKD (HKD1.00 = RMB 0.9155) published by People’s Bank of China at

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Stock：WazhouB                                   Code：200706                                 No.：2020-19



the 1st bank day ( May 20, 2020) after the Shareholders’ Annual Meeting 2019, Future withholding of
B shares, personal shareholders need to pay taxes, reference to the above exchange rate
translation.

     III.Registration day and Ex-dividend day
     The final trading day: June 8, 2020(T)
     Ex-dividend date: June 9, 2020(T+1)
     B share registration date: June 11, 2020 (T+3)
     The state-owned legal-person registration date: June 11, 2020(T+3)
     IV.Qualifications for the dividend
     The object of this assignment is:By the end of the afternoon of June 11, 2020 (the last trading day
is June 8, 2020), after the closing of the shenzhen stock exchange,All shareholders of B shares of the
company registered in the shenzhen branch of China securities registration and clearing co., LTD.
(hereinafter referred to as "China clearing and clearing shenzhen branch");As of the afternoon of June
11, 2020, after the closing of the shenzhen stock exchange, all the domestic shareholders of the
company registered in the shenzhen branch of China settlement shall be registered.
     V.Way of distribution
    The circulation B shares dividend will be directly transferred on June11, 2020 into the shareholder’s
accounts of entrusted Security agency or entrusted bank; Shareholders whose B shares are entrusted
on June 11, 2020, they can still withdraw their dividends at the former entrusted security agency or the
entrusted banks.
     Dividends for the shareholders with state-owned legal-person shares will be distributed directly by
the company;
     VI.Others
     If the B shareholder is not belong to the churchyard individual foreign individual and
non-residential enterprise ,but their bonuses tax are deducted, please contact with the Company before
June 15, 2020(including the date of June15), and provide related materials requested by the Tax
bureau, company will help to refund the tax after affirmed.
     VII.Contact person: Investment and Security Department of WBC
        Ms.Ke Xin Ms.Zhuang Jinling

        Tel: 0411-39116732.       Fax: 0411-39116738

        Address: No. 1 Beigongji St., Wafangdian City
     VIII.Documents for reference:
     1. Resolution of the fourth meeting of the eighth board of directors of Wafangdian Bearing Co.,


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Stock：WazhouB                                  Code：200706                              No.：2020-19



LTD.
       2. Resolution of 2019 annual general meeting of shareholders of Wafangdian Bearing Co., LTD.


                                       Board of directors of Wafangdian Bearing Company limited
                                                               June 2, 2020




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