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 1 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., 2 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 3