Abbreviated name of the Stock: Wazhou B Stock Code:200706 N0:2014-03 Wafangdian Bearing Company Limited Announcement
of Resolution of 2014 1st extarodnairyshareholders’ meeting The Company, all the members of the Board of Directors, supervisors and top management hereby guarantee the truth, accuracy and completeness of the information disclosure, no any false records, misleading statements and major missing contents.
1. Important notes
The notification of the meeting has announced on the Securities Times, Hongkong Commercial Daily" and the “http//www.cninfo.com.cn” published on February 12, 2014. No adding, rejection and change of the proposals situation occurred during the meeting,
2. Information of the meeting
1) Time: 13:30 ,February 27, 2014
2) Place: 309 meeting room at ZWZ Group headquarter
3) Voting mode: spot voting
4) Convener: Board of directors of Wafangdian Bearing Co., Ltd.
5) Presider : Cong Hong(Chairman)
6) Holding of the meeting abides by the Company Law, Regulation of Listing of Stock and the Articles of Association of the Company.
3. Attendance information
1) 4 shareholders (proxy) attended the meeting on behalf of 323,999,000 shares, which take80.48％of the total shares, Of which 1 internal capital shareholder (proxy) attended the meeting on behalf of 244,000,000 shares which take60.61% of the total voting shares. 3 foreign capital shareholders (proxy) attended the meeting on behalf of 79,999,000 shares, which take19.87％of the total voting shares
Abbreviated name of the Stock: Wazhou B Stock Code:200706 N0:2014-03 2).Several directors, supervisors and top management as well as lawyer attend the meeting.
4. Discussion of the proposal and the information of voting
1) Review the proposal of electing Mr.Meng Wei as the director of board of director
323,999,000 shares affirmative, which take100% of the voting right held by the shareholders who attended the meeting; 0 share objected and 0 share waived; 244,000,000 internal capital shares affirmative, which take100% of the voting right held by all the internal capital shareholders who attended the meeting. 79,999,000 foreign capital shares affirmative, whichtake100% of the voting right held by all foreign capital shareholders who attended the meeting.
The result of voting: approved
2) Review the proposal of electing Mr.Wu Zuoxian as the supervisor of board of supervisor
323,912,100 shares affirmative, which take99.97% of the voting right held by the shareholders who attended the meeting; 86,900 share objectedwhich take0.03% of the voting right held by the shareholders who attended the meetingand 0 share waived; 244,000,000 internal capital shares affirmative, which take100% of the voting right held by all the internal capital shareholders who attended the meeting. 79,912,100 foreign capital shares affirmative, which take99.89% of the voting right held by all foreign capital shareholders who attended the meeting.
The result of voting: approved
5. Legal advices showed by lawyer
1) Name of the law office: Dalian Huaxia law office
2) Lawyer: Mrs. Bao Jingxin, Mrs.Ma Nan
3) Conclusion: The holding and convening of theshareholders’ meeting conforms to the relative laws, rules and the Article of Association. The qualification of people who attended the meeting is legal and valid. The voting procedure is legal and valid. The
Abbreviated name of the Stock: Wazhou B Stock Code:200706 N0:2014-03 resolution of the meeting is legal and valid.
7. Reference document
1)Shareholders’ meeting resolution confirmed by directors and recorder, and stamped with board of directors seal.
2) Law opinions report
3) Other documents required by SZSE.
Wafangdian Bearing Co. Ltd
Board of Directors
February 27, 2014