公告日期：2025-04-29

Wafangdian Bearing Co., Ltd.

Announcement on the Restructuring of Some Daily Operating
Debts Involving 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 Debt Restructuring
1.Debt restructuring gains

In order to optimize the debt structure of the enterprise and improve the efficiency of
fund utilization, Wafangdian Bearing Co., LTD. (hereinafter referred to as "the
Company") has carried out a clean-up work on the payables of the company's daily
operation nature in 2024. During this period, our company signed the "Debt
Restructuring Agreement" with 295 suppliers including Wafangdian Bearing Group Co.,
Ltd. and its subsidiaries, Dalian Jieneng Heavy Industry Co., LTD., etc. After friendly
consultation, these suppliers agreed to make concessions on the debts owed by our
company for daily operations. The above-mentioned business enabled the Company to
gain 19,587,508.91 yuan from debt restructuring, among which the gain from related
debt restructuring was 5,305,339.07 yuan.
2. Losses from debt restructuring

Debt restructuring losses confirmed by both parties

Our company has signed the "Debt Restructuring Agreement" with 20 customers
including Wafangdian Bearing Group Co., Ltd. and its subsidiaries.Through friendly
consultation, our company has made concessions on the debts owed by these
customers for the daily operation nature of our company. The above-mentioned
business has caused a debt restructuring loss of 2,487,205.88 yuan for our company.
Among them, the loss from the restructuring of related debts was 1,709,220.77 yuan.
3. As Wafangdian Bearing Group Co., Ltd. is the largest shareholder of our company,
the transactions involving Wafangdian Bearing Group Co., Ltd. and its subsidiaries
constitute related-party tra……
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