Short title:WaZhou B                                   Code：200706                                 No.: 2025-10



Wafangdian Bearing Co., Ltd. Announcement on the completion of
 share transfer for donations by shareholders holding more than
                           5% of shares
    The Company and all directors guarantee that the content of the announcement is true, accurate and complete, and

there are no false records, misleading statements or material omissions.


     AKTIEBOLAGET SKF (hereinafter referred to as "SKF"), the second largest
shareholder of Wafangdian Bearing Co., LTD. (hereinafter referred to as "the Company"),
signed a Donation Agreement with Dalian Youth Development Foundation (hereinafter
referred to as "the Foundation") on February 13, 2025, in order to develop public welfare
undertakings.According to the agreement, SKF will donate its 79.3 million shares of the
company (19.70% of the total shares of the company) and all corresponding rights and
interests to Dalian Youth Development Foundation.For details, please refer to the
Company's "Wafangdian Bearing Co., Ltd. about Holding more than 5% Shareholders
Suggestive Announcement of Proposed Share Donation and Change of Interest",
"Simplified Equity Change Report (Dalian Youth Development Foundation and
AKTIEBOLAGET SKF )" published on the company's website.
     On February 20, 2025, the Foundation completed the opening of a B-share securities
account with China Securities Depository and Clearing Co., LTD. For details, please refer
to the Company's Announcement on the Progress of the proposed Share donation and
equity Change of shareholders holding more than 5% published on Juchao Information
Network and Securities Times.
      SKF and the Foundation completed the registration of the aforementioned share
transfer through a non-trading transfer process at the Shenzhen Branch of China
Securities Depository and Clearing Corporation Limited. On February 25, 2025, they
received the "Securities Transfer Registration Confirmation" issued by the Shenzhen
Branch of China Securities Depository and Clearing Corporation Limited.
      As of the disclosure date of this announcement, all shares donated by SKF to the
Foundation have been transferred. The Foundation will hold 79.3 million unrestricted
tradable shares of the company ,take 19.70% of the total shares of the company,to be the
second largest shareholder of the company.




                                            Wafangdian Bearing Co., Ltd. Board of Directors

                                                               February 25, 2025