公告日期：2026-04-28

Wafangdian Bearing Company Limited

2025 Annual Report

2026-16

2025 Annual Report

Chapter I. Important Prompts, Table of Contents, and Definitions
The board of directors, directors and senior managers of the company shall guarantee that the contents of the
annual report are true, accurate and complete without false records, misleading statements or major omissions, and
shall bear individual and joint legal liabilities.

Company responsible person Wang Jiyuan, responsible person in charge of accounting work Sun Najuan and
responsible person in charge of accounting organization Xuan Songtao statement: ensure that the financial report
in this annual report is true, accurate and complete.

All directors have attended the Board meeting at which this report was considered.

In the third section of this report, "Management Discussion and Analysis", under the sub-section "XI. Outlook for
the Company's Future Development", the company has described the potential risks in its operations and the
corresponding measures.

In recent years, due to the impact of the global economic recession, economic restructuring, and other factors,
Wazhou B has suffered consecutive annual losses and its operating conditions have been deteriorating. Since 2025,
the superposition of multiple adverse factors has further restricted the company's operations, and its financial risks
continue to increase. If this situation persists, it will inevitably intensify the company's operating risks. Taking all
factors into consideration, Wazhou Group, as the controlling shareholder of Wazhou B, intends to initiate a
general offer to all holders of unrestricted tradable shares for the purpose of terminating the listing status of
Wazhou B, so as to fully protect the interests of Wazhou B's shareholders and demonstrate the responsibility of a
state-owned enterprise.

On January 19, 2026, Wazhou Group disclosed the "Wafangdian Bearing Co., Ltd. Takeover Offer Repo……
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