Stock：*ST WazhouB Code：200706 No.：2016-38 Wafangdian Bearing Company Limited
Announcement of Resolution of the 2nd Meeting of 7th Board of Supervisors Our company, the whole members of the board of directors and top managements ensured the truth, accuracy, completeness, no false record, misleading statement and fatal omit of the announcement.
I.The convened statement of Board of Supervisors
1.When and how the notice is sent out
Meeting notice of the 7th Meeting of 2nd Board of Supervisors of Wafangdian Bearing Company limited has been sent by fax on October 16,2016.
2.Thetime、place and the way of holding the Board of Supervisors.
The 7th Meeting of 2cd Board of Directors of Wafangdian Bearing Company limited was held at 309 meeting room at 15:00 October 26, 2016.
3.The members that should attend and actually present.
5 members should attend the meeting and actually 5 members were present.
4.The compere and the present member of the Board of Supervisors
The meeting shall be presided over by Mr Sun Shicheng, chairman of the board of supervisors the GM and General accountant attend the meeting.
5.Holding of meeting conforms to regulations of “Corporate Law” as well as “Article of Association”.
II.The deliberation of the Board of Supervisors
1. The Q3 report of 2016;
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
2. The Q3 Financial Final Report of 2016(un-audited);
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
3. The proposal of adjusting the business of WBGC automobile bearing branch, precision cage company, precision roller company, renting out related assets and involving related transaction (Adjusted);
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
4.The proposal of buying rental equipment and involving related transaction (Evaluated);
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
5. The proposal of assets sale which involved in related transaction (Evaluated);
5.1 The proposal of selling the Shenyang agencies plant to WBGC;
Stock：*ST WazhouB Code：200706 No.：2016-38 Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
5.2 The proposal of selling the Pulandian plant to WBGC;
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
5.3 The proposal of selling the fully depreciated equipment to WBGC automobile bearing branch, precision cage company, precision roller company.
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
5.4 The proposal of selling low-value consumption goods whose cost have been amortized to WBGC automobile bearing branch, precision cage company, precision roller company;
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
5.5 The proposal of selling idle equipment to WBGC equipment manufacturing Company;
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
5.6 The proposal of selling railway private sidings and related assets to WBGC precision forging Company;
Approval result: 5 approving vote, 0 rejecting vote and 0 abstaining vote;
III.The documents for future reference
1.The Resolution of the 7th Meeting of 2nd Board of Supervisors.
2.The notes to financial statements of Q3 in 2016 stamped by the company and singed by the legal representative of the Company, the principal of charging account work and the principal of account organization.
Board of Supervisors of
Wa Fangdian bearing company limited October.27, 2016