Stock:WazhouB Code：200706 No.：2018-15 Wafangdian Bearing Company Limited Supplemental and Amendatory Announcement of 2017 Annual Report
The Company and all members of the Board of Directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or material omissions.
The company disclosed the annual report of 2017 on April 26,2018（Number：2018-09）.The relevant issues related to the annual report are as follows:
1.Due to negligence of staff,The announcement of the "perfect railway road, auto bearings and spare parts quality assurance ability" in the input amount during the reporting period and the report is the final total amount for actual fill out is wrong, now correct as follows:
|||||||
|-|-|-|-|-|-|
|Before corrected|||corrected|||
||The amount|Cumulative||||
|||||The amount|Cumulative actual|
||invested|actual input||||
|||||invested during|input amount as|
|Item|during this|amount as of|Item|||
|||||this reporting|of the end of the|
||reporting|the end of the||||
|||||period.|report.|
||period.|report.||||
|Improve the|||Improve the|||
|quality|||quality|||
|assurance|||assurance|||
|ability of|||ability of|||
||1,729yuan|1,729yuan||17,290,000yuan|17,290,000yuan|
|railway,|||railway,|||
|automobile|||automobile|||
|bearing and|||bearing and|||
|spare parts.|||spare parts.|||

2. The supplementary instruction of inventory falling price reserves.
The policy for our company of inventory falling price reserves is:Ending inventory is priced on the basis of cost and net realisable value,for the reason that the inventory is damaged, all or part of the obsolete or the selling price is lower than the cost, etc. it is estimated that the cost is not recoverable, and the inventory depreciation is prepared.Inventories of commodities and bulk raw materials are priced at a higher cost than the net realizable value of a single inventory item;Other raw materials with a large quantity and lower unit price are prepared by category.
Due to our company's promotion of the market price of our products this year, we have been actively compressing the inventory to reduce the inventory price.The inventory changes in 2016 and 2017 can
explain the situation.
The changes of finished products and finished products in 2017 are as follows:
1
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|-|-|-|-|-|
|Firm|Beginning of the year|This year put in storage|This term out of storage|End of the year|

Name
Stock:WazhouB Code：200706 No.：2018-15
||||||||||
|-|-|-|-|-|-|-|-|-|
|Exportbearing|924,897|48,738,222.12|5,441,840|198,829,868.49|5,478,540|206,401,102.14|888,197|41,166,988.47|
|Trafficbearing|3,240,228|198,291,913.67|4,077,200|331,089,347.30|6,522,409|466,756,005.23|795,019|62,625,255.74|
|Professionalbearing|819,218|153,571,072.24|1,463,731|437,515,947.81|1,728,065|444,089,115.17|554,884|146,997,904.88|
|Generalbearing|8,672,708|292,946,713.95|9,852,873|440,604,902.92|9,973,599|471,650,834.87|8,551,982|261,900,782.00|
|Total|13,657,051|693,547,921.98|20,835,644|1,408,040,066.51|23,702,613|1,588,897,057.40|10,790,082|512,690,931.09|

 The investors for inconvenience apologize, please understanding the broad masses of investors, the company will strengthen the compiling process of the audit work on a regular basis, improve the quality of information disclosure, investors please understanding.
Hereby notify
Board of Directors of
Wafangdian Bearing Company Limited
May 24, 2018