Wafangdian Bearing Company Limited 2026 Midyear Report Abstract

Stock code：000706 Stock ID:Wazhou B Announcement No.2026-26

Wafangdian Bearing Company Limited

2026 Midyear Report Abstract

1. Important Notes

This summary of the semi-annual report is based on the full text of the semi-annual report. To gain a comprehensive understanding of the

company's operating results financial status and future development plans investors are advised to carefully read the full text of the semi-

annual report on the designated media of the China Securities Regulatory Commission.All directors attended the Board meeting and discussed the report.Reminder of the qualified auditor’s opinions

Inapplicable

Preplan of Profit Distribution for Common Stock or Preplan for Capitalization of the Reserves in the Reporting Period Reviewed

by the Board Meeting

Inapplicable

The company does not plan to distribute cash dividends does not send bonus shares and does not convert the capital reserves into

share capital.The board of directors has approved the preferred stock profit distribution plan for this reporting period

Inapplicable

2. Brief Information of the listed company

(i) Brief Information of the company

Stock abbreviation Wazhou B stock code 200706

Stock listing exchange Shenzhen Stock Exchange

Contact person and contact information Secretary of the Board Representative of StockA ffairs

Name Sun Najuan Ke Xin

Office Address No. 1 Beigongji Street Wafangdian City No. 1 Beigongji Street Wafangdian CityLiaoning Province China. Liaoning Province China.Telephone 0411-62198008 0411-62198236

E-mail address zwz2308@126.com zwz2308@126.com

(ii).Main accounting date

Whether the company needs to retroactively adjust or restate the accounting data of previous years

□Yes □ No

The reason of adjust or restate the accounting

accounting policy alternative

In RMB Yuan

This reporting the same period of last year This report period is an increase orperiod decrease over the same period last year

Operating income (yuan) 1184970752.18 1330615217.48 -10.95% 1184970752.18

Net profit attributable to

shareholders of the listed 7324544.44 -20930911.54 134.99% 7324544.44

company (yuan)

Net profit attributable to -8225520.72 -31677626.31 74.03% -8225520.72

shareholders of the listed

1Wafangdian Bearing Company Limited 2026 Midyear Report Abstract

company after deducting non-

recurring gains and losses

(yuan)

Net cash flows from operating

activities (yuan) 44857385.39 239656451.73 -81.28% 44857385.39

Basic earnings per share

(yuan/share) 0.0182 -0.0520 135.00% 0.0182

Diluted earnings per share

(yuan/share) 0.0182 -0.0520 135.00% 0.0182

Weighted average return on

net assets 3.60% -8.35% 11.95% 3.60%

End of the The increase or decrease at the end of

reporting period End of the previous year this reporting period compared with theend of the previous year

Total assets (yuan) 2812706446.27 2787274723.39 0.91% 2812706446.27

Net assets attributable to

shareholders of the listed 208292211.07 199023958.34 4.66% 208292211.07

company (yuan)

3. Number of Company Shareholders and Shareholding Situation

Unit:Stock

Total common

shareholders in Total preference shareholders with the voting covered at the

the reporting 2774 end of the reporting period 0

period

Top 10 shareholders' holdings (excluding shares loaned through refinancing)

Number of pledged marked or

Shareholder names Nature of the shareholdin holdings at the The number of non- frozen statusshareholders g ratio end of reporting tradable shares held Status of Quantit

period shares y

Wafangdian

Bearing Group State-ownedlegal person 74.15% 298524555 244000000 Inapplicable 0Corp. Ltd.Dalian Youth

Development other 19.70% 79300000 0 Inapplicable 0

Foundation

Wang Xiao Domestic naturalperson 0.19% 774420 0 Inapplicable 0

Chen Peng Domestic naturalperson 0.18% 738100 0 Inapplicable 0

Jiang Guangsen Domestic naturalperson 0.17% 700000 0 Inapplicable 0

Bocom

International Foreign legalperson 0.14% 575068 0 Inapplicable 0Securities Co. LTD

Li Zhijun Domestic naturalperson 0.14% 573764 0 Inapplicable 0

Zhou Yan Domestic naturalperson 0.12% 463700 0 Inapplicable 0

Zhou Mei Domestic naturalperson 0.11% 443620 0 Inapplicable 0

Yang Yiguang Domestic naturalperson 0.11% 437811 0 Inapplicable 0

About the fact that a strategic investor or

ordinary corporate became one of the Among the top ten shareholders of the Company there is no association or concerted

top action between the largest shareholder and other shareholders or among the top ten

ten shareholders due to placement of shareholders of tradable shares and the association and concerted action between

new other shareholders among the top ten shareholders of tradable shares and among the

shares (if any) (Refer to Note 3) top ten shareholders of tradable shares and other shareholders are unknown.Explanation on associated relationship

or

consistent action of the above None

shareholders

2Wafangdian Bearing Company Limited 2026 Midyear Report Abstract

Shareholding of shareholders holding more than 5% of the shares the top 10 shareholders and the top 10 shareholders with

unrestricted tradable shares participating in the margin lending business in terms of the situation of lending shares

□ Applicable □ Not applicable

The top 10 shareholders and the top 10 unrestricted tradable shareholders have changed due to reasons related to margin lending

and repayment compared with the previous period

□ Applicable □ Not applicable

4. Changes in the controlling shareholder or the actual controller

The controlling shareholder changed during the reporting period

□ Applicable □ Not applicable

The controlling shareholder of the company did not change during the reporting period.The actual controller changed during the reporting period

□ Applicable □ Not applicable

The actual controller of the company did not change during the reporting period.

5. Total number of preferred shareholders and the holding situation of the top 10 preferred shareholders in the report period

□ Applicable □ Not applicable

There is no holding situation of preferred shares by the company on the approval date of the semi-annual report.

6. Bond situation existing as of the approval date of the semi-annual report

□ Applicable □ Not applicable

3.Important event

In recent years due to the impact of the global economic recession and economic restructuring Wazhou B has suffered

consecutive losses and its operating conditions have deteriorated continuously. Since 2025 due to the combined effect of multiple

adverse factors the company's operations have been further restricted and the future financial risks of the company have continued

to increase. In the long run this will inevitably lead to an intensification of the company's operational risks. Considering all the

factors Wazhou Group as the controlling shareholder of Wazhou B intends to launch a comprehensive tender offer to all

unrestricted shareholders of Wazhou B with the aim of terminating Wazhou B's listing status starting from the comprehensive

protection of the shareholders' interests of Wazhou B and demonstrating the responsibility of state-owned enterprises.On January 19 2026 Wazhou Group disclosed the "Tender Offer Report of Wafangdian Bearing Co. Ltd." and the tender offer

period was from January 20 2026 to February 27 2026. The effective condition of the tender offer was that on the last trading day

of the validity period of the tender offer at 15:00 the total number of Wazhou B's public shares pre-registered for the tender offer

held by the China Securities Depository and Clearing Corporation Limited in Shenzhen exceeded 39050000 shares that is the

proportion of Wazhou B's public shares after the acquisition in the total share capital was lower than 10%. According to the

provisions of the Shenzhen Stock Exchange "Listing Rules" Wazhou B will no longer have the listing conditions and the tender

offer will take effect.As of February 27 2026 the shareholders who pre-registered for the tender offer of Wazhou B were 1459 households and the

total number of unrestricted shareholder public shares pre-registered for the tender offer was 54524555 shares. According to the

effective conditions stipulated in the "Tender Offer Report of Wafangdian Bearing Co. Ltd." this tender offer will take effect.When the proportion of public shares held by the public is lower than 10% of the company's total shares according to the

provisions of the "Securities Law" and the "Stock Listing Rules of the Shenzhen Stock Exchange" and other relevant regulations

the company's share distribution no longer meets the listing conditions. The company will follow the relevant regulations to carry

out the procedures for the termination of its stock listing and issue a corresponding announcement.

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