Shorttitle:WaZhouB Code：200706 No：2017-53 WafangdianBearingCompanyLimitedAnnouncementof Resolutionof20172ndExtraordinaryShareholders’Meeting TheCompany,allthemembersoftheBoardofDirectors,supervisorsandtopmanagementhereby guaranteethetruth,accuracyandcompletenessoftheinformationdisclosure,noanyfalserecords,misleading statementsandmajormissingcontents. 1.Importantnotes a.ThenotificationofthemeetinghasannouncedontheSecuritiesTimes,HongkongCommercial Daily"andthe“http//www.cninfo.com.cn”publishedonDecember13,2017. b.Norejectionproposalssituationoccurredduringthemeeting. c.Noaddingandchangeoftheproposalssituationoccurredduringthemeeting. 2.Informationofthemeeting 1)Time a):On-sitemeeting:14:30P.M,December29,2017 b):Internetpolling:December28,2017--December29,2017.Ofwhichthepollthroughnetworkvia tradingsystemofShenzhen StockExchangewillbeat 9:30―11:30a.m.and1:00-3:00p.m.dated December29,2017;anytimefrom3:00p.m.December28,2017to3:00p.mDecember29,2017will availableforpollingthroughinternetpollsystemofShenzhenStockExchange. 2)On-sitemeetingPlace:309meetingroomatZWZGroupheadquarter 3)Wayofmeeting:on-sitevotesplusnetworkpolling 4)Convener:BoardofdirectorsofWafangdianBearingCo.,Ltd. 5)Preside:theChairmanMr.MengWeichairthemeeting. 6)HoldingofthemeetingabidesbytheCompanyLaw,RegulationofListingofStockandthe ArticlesofAssociationoftheCompany. 3.Attendanceinformation 1)2shareholders(proxy)attendedthemeetingonbehalfof323,300,000shares,whichtake 80.31%ofthetotalvotingshares.Ofwhich1internalcapitalshareholder(proxy)attendedthemeetingon behalfof244,000,000shareswhichtake60.61%ofthetotalvotingshares.1foreigncapitalshareholders (proxy)attendedthemeetingonbehalfof79,300,000shares,whichtake19.70%ofthetotalvoting Shorttitle:WaZhouB Code：200706 No：2017-53 shares Generalinstructionfortheminorityshareholders:0minorityshareholdersattendthemeetingbyspotornetworkviatradingsystemofShenzhenStockExchangeandinternetpollsystemofShenzhenStockExchangewith0shares. a:2shareholders(proxy)attendedthespotmeetingonbehalfof323,300,000shares,whichtake80.31%ofthetotalvotingshares. b:0shareholders(proxy)votethroughnetworktradingsystemofShenzhenStockExchangeandinternetpollsystemofShenzhenStockExchangeonbehalfof0shares. 2).Severaldirectors,supervisorsandtopmanagementaswellaslawyerattendthemeeting. 4.Discussionoftheproposalandtheinformationofvoting (1)Theproposalofadjustingadditionalamountofdailyrelatedtransactionsandthetotalforecastof2017. ThefirstshareholderofWBCisZWZGroup,whoheld244,000,000internalcapitalsharesabidedallthetermsinaccordantrequirementalltheitems.Thevotingresultsofothershareholders: 79,300,000sharesaffirmative(Spotvoting79,300,000sharesaffirmativeandinternetpolling0sharesaffirmative),whichtakethe100%ofthevotingrightheldbynon-associatedshareholderswhoattendedthemeeting,0shareobjected;0sharewaived. The minority shareholders (in addition to the company's directors, supervisors and seniormanagementpersonnelandothershareholders,aloneortogetherholdmorethan5%ofthecompany'sshareholders)votingfor:0shareagree,0shareobjected,0sharesabstained. Theresultofvoting:approved. 5.Legaladvicesshowedbylawyer 1)Nameofthelawoffice:DalianHuaxialawoffice 2)Lawyer:Mrs.BaoJingxin,Mrs.LiuCuimei 3)Conclusion:Theholdingandconveningoftheshareholders’meetingconformstotherelativelaws,rulesandtheArticleofAssociation.Thequalificationofpeoplewhoattendedthemeetingislegalandvalid.Thevotingprocedureislegalandvalid.Theresolutionofthemeetingislegalandvalid.Shorttitle:WaZhouB Code：200706 No：2017-53 6.Referencedocument 1)Resolutionof20172ndExtraordinaryShareholders’Meeting. 2)Lawopinionsreport. 3)OtherdocumentsrequiredbySZSE. WafangdianBearingCo.Ltd BoardofDirectors December29,2017