Stock：WazhouB Code：200706 No.：2017-30 WafangdianBearingCo.,Ltd AnnouncementofDividendDistributionforYear2016 Ourcompany,thewholemembersoftheboardofdirectorsandtopmanagementsensuredthetruth, accuracy,completeness,nofalserecord,misleadingstatementandfatalomitoftheannouncement. WafangdianBearingCo.,Ltddividenddistributionplanhasbeenapprovedbythe2016annual shareholders’meetingheldonMay18,2017.Thedetailsasfollowed: 1. Thedividendplan Thedividendplanfor Year2016:Basedon402.60millionshares,theCompanydecided to distribute the before-tax cash dividend of RMB 0.1 per 10 shares (tax included, the foreign non-residentialenterprisedistributed theafter-tax cashdividendof RMB0.09per10shares, for churchyardindividualandforeignindividualofBshareholdersaresubjectdifferenttaxratio,distributed cashdividendofRMB0.1per10sharesfirstly,andtaxshallbepaidaccordingtotheactualtermof shareholdingafterreducingofshares1. [Note 1: On first �Cin �Cfirst �Cout basis, shareholding periods are calculated upon each shareholders’account,namelyRMB0.02oftaxper10sharesforunder1month(include);RMB0.01of taxpershareforbetween1monthand1year(include);notaxispayableforoveroneyear.] DividendforBshareswillbedistributedinHongKongDollar.Theexchangeratewillbethe medialratebetweenRMBandHKD(HKD1.00=RMB0.8838)publishedbyPeople’sBankofChinaat the1stbankday(May19,2017)aftertheShareholders’AnnualMeeting2016, Futurewithholdingof Bshares, personal shareholdersneed topaytaxes, referenceto theaboveexchangerate translation. 2. RegistrationdayandEx-dividendday Thefinaltradingday:July7,2017(T) Ex-dividenddate:July10,2017(T+1) Bshareregistrationdate:July12,2017(T+3) 3. Qualificationsforthedividend AlloftheBshareholdersregisteredbyChinaSecuritiesDepository&ClearingCorporationLtd.ShenzhenBranchupontheclosingofShenzhenStockExchangeintheafternoonofJuly12,2017(T+3)(ThefinaltradingdayisJuly7,2017) 4. WayofdistributionStock：WazhouB Code：200706 No.：2017-30 ThecirculationBsharesdividendwillbedirectlytransferredonJuly12,2017intotheshareholder’s accountsofentrustedSecurityagencyorentrustedbank;ShareholderswhoseBsharesareentrusted onJuly12,2017,theycanstillwithdrawtheirdividendsattheformerentrustedsecurityagencyorthe entrustedbanks. Dividends for theshareholderswith state-ownedlegal-person sharesand executives locked shareswillbedistributeddirectlybythecompany; 5. Others If the B shareholder is not belong to the churchyard individual foreign individual and non-residentialenterprise,buttheirbonusestaxarededucted,pleasecontactwiththeCompanybefore July31,2017(includingthedateofJuly31),andproviderelatedmaterialsrequestedbytheTaxbureau, companywillhelptorefundthetaxafteraffirmed. 6. Contactperson:InvestmentandSecurityDepartmentofWBC Ms.KeXin Tel:0411-39116732. Fax:0411-39116738 Address:No.1BeigongjiSt.,WafangdianCity WafangdianBearingCo.,Ltd. June30,2017