Short title:WaZhou B                       Code：200706                            No.: 2022-21


                     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.Overview of Basic Situation
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.
II. Progress briefing
Both parties agree in the agreement that "after the signing of the agreement, both
parties shall immediately handle the registration and transfer procedures of relevant
real estate changes, which shall be completed within three months after the approval of
the board of Directors". The company is unable to complete the transfer on schedule.
Reasons for the delay: In March 2022, COVID-19 broke out in many places across the
country, and the municipal government suspended external business during the
epidemic period, resulting in the postponement of land division procedures and
affecting the overall progress of the process.
At present, the progress of this work is as follows: Wafangdian Natural Resources
Bureau has issued the Reply on Approving the land division of Wafangdian Bearing
Power Co., Ltd. to The Power Company on June 30. After the completion of this work,
both parties will go to the real estate registration center for tax payment and transfer

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Short title:WaZhou B                Code：200706                          No.: 2022-21

registration, after discussing with Power Company, the transfer is expected to be
completed before the end of September.
III. Documents for reference
1.Reply on approval of land division of Wafangdian Bearing Power Co., LTD




Hereby notify
                                                   Board of director of
                                             Wafangdian bearing Company limited
                                                       July 1, 2022




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