Stock：WazhouB Code：200706 No.：2015-44 Wafangdian Bearing Company Limited
Announcement of Resolution of the 8th Meeting of 6th Board Session
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 statement of Board of Directors Meeting
1、When and how the notice is sent out
Meeting notice of the 8th Meeting of 6th Board of Directors of Wafangdian Bearing Company limited has been sent by fax on October 10, 2015.
2、Thetime、place and the way of the Board of Directors Meeting
The 8th Meeting of 6th Board of Directors of Wafangdian Bearing Company limited was held at Conference Room 309, at ZWZ Group Headquarter at 9:30 October 21, 2015 by on-the-spot meeting..3、The board members that should attend and actually present
12 board members should attend the meeting and actually 12 members were present.
4、The compere and the present member of the Board of Directors Meeting
The Board of Directors Meeting is hold by the chairman of the Board Mr. Meng Wei, and 3 Supervisor representatives attended the meeting as non-voting delegates.
5、Holding of meeting conforms to regulations of “Corporate Law” as well as “Article of Association”.II、The deliberation of the Board of Directors Meeting
1. The proposal of the Q3 report of 2015
Approval result: 12 approving vote, 0 rejecting vote and 0 abstaining vote;
2. The Q3 Financial Final Report of 2015
Approval result: 12 approving vote, 0 rejecting vote and 0 abstaining vote;
3. The proposal of re-evaluateing and sale for Haerbin and ShenYang house
Approval result: 12 approving vote, 0 rejecting vote and 0 abstaining vote;
On November 3 and November 20, 2015,WBC hold the 2014 1st extraordinary board
meeting and the 2014 2ndshareholders’meeting,
discuss and nomorlly pass the proposal of planning to sale Shen Yang and Haerbin accommodation agency by open tender, and disclosure in Securities Times, Hong Kong Commercial Daily and http//www.cninfo.com.cn on November 5 and November 21,
Stock：WazhouB Code：200706 No.：2015-44 2015.
But affected by the market price change, the two house did not sale out, in consideration of new market trend ,the company need to re-evaluateing and sale by open tender.the new evaluation value are 15,355,300 Yuan and 4,867,900 Yuan,in total 202,23,200.
4. The proposal of adjusting the scope of operation
Approval result: 12 approving vote, 0 rejecting vote and 0 abstaining vote;
5. The proposal of revising the articles of association
Approval result: 12 approving vote, 0 rejecting vote and 0 abstaining vote;
6. The proposal of holding the 2015 2nd extraordinaryShareholder’s meeting
Approval result: 12 approving vote, 0 rejecting vote and 0 abstaining vote;
The above mentioned proposal of 4,5 still should be passed by the 2015 2nd extraordinaryshareholder’s meeting. And the notice the 2015 2nd extraordinaryshareholder’s meeting will be announced in another time. The new articles of association can be found on http://wltp.cninfo.com.cn.III、The documents for future reference
1、The Resolution of the 8th Meeting of 6th Board Session
2、The notes to financial statements of Q3 in 2015 stamped by the company and singed by the legal representative of theCompany、the principal of charging account work and the principal of account organization.
Board of director of Wafangdian Bearing
Company limited
October 22, 2015