公告日期：2026-04-28

Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-21

Wafangdian Bearing Co., LTD

Announcement of uncovered losses exceeding one third of
paid-in capital stock

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.

Wafangdian Bearing Co., LTD. (hereinafter referred to as the "Company") held the fifth
meeting of the 10th Board of Directors on April 24, 2026 to consider and pass the
"Proposal on uncovered losses exceeding one third of paid-in capital stock", which
needs to be submitted to the 2025 annual general meeting of shareholders for
deliberation. The details are hereby announced as follows:

I. Basic information

According to the audit by Zhongtian Zhonghuan Certified Public Accountants (Special
General Partnership), as of December 31, 2025, the company's consolidated financial
statements for 2025 had an undistributed profit of -824,475,798.9 yuan, accounting for
-204.79% of the total share capital of 402,600,000.00 yuan. The undistributed profit of
the parent company's financial statements for 2025 was -551,829,520.9 yuan,
accounting for -137.07% of the total share capital of 402,600,000.00 yuan. The
company's unremedied losses have exceeded one-third of the total share capital.
According to the relevant provisions of the "Company Law of the People's Republic of
China" and the "Company Charter", this matter needs to be submitted to the company's
shareholders' meeting for deliberation.
II. Reasons for loss

1. In 2025, the company's total credit impairment loss and asset impairment loss
resulting from the provision of various impairment provisions amounted to 59.2 million
yuan, an increase of 9.32 million yuan compared to the previous year.

2. Other income decreased by 14.72 million yuan, mainly due to……
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