公告日期：2025-04-29

Stock： WazhouB Code：200706 No.：2025-24

Wafangdian bearing Co., LTD

Announcement on the Profit Distribution Plan for 2024
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. Review Procedure

Wafangdian Bearing Co., LTD. (hereinafter referred to as the "Company") held
the 16th meeting of the 9th Board of Directors and the 10th meeting of the 9th
Board of Supervisors on April 25, 2025, and deliberated and approved the "Profit
Distribution Plan for 2024". This proposal still needs to be submitted to the
Company's 2024 shareholders' meeting for review.

Ii. Basic Information on the 2024 Profit Distribution Plan

According to the audit of Lixin Certified Public Accountants (Special General
Partnership), the net profit attributable to shareholders of the parent company of
the company for the year 2024 was -110,212,481.53 yuan, plus the undistributed
profit at the beginning of the year of -656,170,250.96 yuan, and the distributable
profit was -766,382,732.49 yuan. The legal surplus reserve was 0 yuan, the total
profit available for distribution to shareholders was 0 yuan, the cash dividend
distributed to shareholders for the year 2023 was reduced by 0 yuan, and the
undistributed profit at the end of the period was -766,382,732.49 yuan.

Given that the company's distributable profit for 2024 is negative, considering the
company's actual situation and operational needs, the board of directors agrees
that the profit distribution plan for 2024 is as follows: In 2024, the company will not
distribute dividends or bonuses, will not issue bonus shares, and will not increase
share capital by transferring reserve funds. The current profit distribution plan still
needs to be submitted to the company's 2024 annual shareholders' meeting for
review.

Iii. Specific Detai……
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