The Company and all members of the BOD guarantee that the information disclosed is true, accurate and completed, and that there are no false records, misleading statements or material omissions. Special Note: 1.This announcement is the fifth Indicative Announcement concerning the takeover offer by Wafangdian Bearing Group Co., Ltd. (hereinafter referred to as "Wazhou Group" or the "Acquirer") for the shares of Wafangdian Bearing Co., Ltd. (hereinafter referred to as the "Listed Company," the "Company," or " ...

股票简称：瓦轴B 股票代码：200706 编号：2026-09 关于瓦房店轴承集团有限责任公司 要约收购公司股份的第五次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 特别提示： 1.本次公告为关于瓦房店轴承集团有限责任公司（以下简称"瓦轴集团 瓦房店轴承股份有限公司 "、"收购人"）要约收购瓦房店轴承股份有限公司（以下简称"上市 公司"、"公司"或"瓦轴B"）股份的第五次提示性公告。 2.本次预受要约申报代码：990087，申报价格：2.86港元/股。 3.本次要约收购期限共计39个自然日，即2026年1月20日至2026年2月27 日，但出现竞争要约的除外。按照本次要约收购申报程序，在本次要约收购 期限内最后三个交易日（即2026年2月25日、2026年2月26日和2026年2月27 日），预受股东可撤回当日申报的预受要约，但不得撤回已被中登深圳分公 司临时保管的预受要约。 4.本次要约收购的收购人为瓦轴集团。瓦轴集团现持有瓦轴B未流通内资 股24,400万股，持股比例为60.61%，拟以终止瓦轴B上市地位为目的向全体无 限售条件流通股股东发起 ...

Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-08 1 Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-08 Wafangdian Bearing Company Limited Fourth Indicative Announcement Regarding the Takeover Offer by Wafangdian Bearing Group Co., Ltd. for the Company's Shares The Company and all members of the BOD guarantee that the information disclosed is true, accurate and completed, and that there are no false records, misleading statements or material omissions. Special Note: 1.This announcement i ...

要约收购公司股份的第四次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 特别提示： 1.本次公告为关于瓦房店轴承集团有限责任公司（以下简称"瓦轴集团 瓦房店轴承股份有限公司 关于瓦房店轴承集团有限责任公司 股票简称：瓦轴B 股票代码：200706 编号：2026-08 "、"收购人"）要约收购瓦房店轴承股份有限公司（以下简称"上市 公司"、"公司"或"瓦轴B"）股份的第四次提示性公告。 2.本次预受要约申报代码：990087，申报价格：2.86港元/股。 3.本次要约收购期限共计39个自然日，即2026年1月20日至2026年2月27 日，但出现竞争要约的除外。按照本次要约收购申报程序，在本次要约收购 期限内最后三个交易日（即2026年2月25日、2026年2月26日和2026年2月27 日），预受股东可撤回当日申报的预受要约，但不得撤回已被中登深圳分公 司临时保管的预受要约。 4.本次要约收购的收购人为瓦轴集团。瓦轴集团现持有瓦轴B未流通内资 股24,400万股，持股比例为60.61%，拟以终止瓦轴B上市地位为目的向全体无 限售条件流通股股东发起 ...

Core Viewpoint - The B-share company Wazhou B (200706.SZ) is undergoing a comprehensive tender offer initiated by its controlling shareholder, Wafangdian Bearing Group Co., Ltd., aiming to delist from the capital market, marking another exit for B-shares following *ST Shanhang B [1][2]. Group 1: Tender Offer Details - Wazhou Group plans to acquire 158.6 million shares, representing 39.39% of Wazhou B's total share capital, with a tender offer price of 2.86 HKD per share [2]. - The tender offer period is set for 39 days, from January 20, 2026, to February 27, 2026, with a total market capitalization of Wazhou B at 1 billion HKD as of February 24, 2026 [2]. - The tender offer will be effective if the number of shares tendered exceeds 39.05 million, resulting in public shareholding dropping below 10%, triggering delisting conditions [2]. Group 2: Company Performance and Challenges - Wazhou B has faced continuous losses and deteriorating operational conditions, with a projected net loss of 40 million to 75 million CNY for the year 2025 [3]. - The company reported a more than 50% decline in export revenue, despite efforts to adjust product sales and reduce procurement costs [3]. - The controlling shareholder's decision to initiate the tender offer is framed as a responsibility to protect shareholder interests amid increasing financial risks [3]. Group 3: B-share Market Context - B-shares were created under specific historical economic conditions to attract foreign capital, but their significance has diminished with the opening of China's capital markets [4][5]. - Since the early 2000s, B-share issuance and refinancing have stagnated, leading many companies to explore various exit strategies, including B-to-A and B-to-H conversions [5][6]. - The decline in B-share importance is evidenced by the fact that 35 B-shares have delisted since 2001, leaving only 79 in the market [1].

Core Viewpoint - The controlling shareholder of Wazhou B (200706) is initiating a comprehensive tender offer aimed at delisting the stock, with a deadline of February 27. This offer does not include a delisting adjustment period, meaning that if the threshold is met, the stock will be delisted directly without a chance for shareholders to sell in the secondary market. Group 1 - Final Deadline: The period from February 25 to 27 is an "irrevocable period," during which any declarations cannot be withdrawn [2] - Subsequent Risks: After delisting, the stock will transfer to the New Third Board. If the company's legal status is canceled in the future, liquidity of shares will be extremely poor, making exit more difficult [3] - Company Background: Wazhou B has reported non-recurring losses for 12 consecutive years, with a debt ratio of 91.9%, and the B shares have been unable to raise funds for many years. This tender offer is essentially a rare exit opportunity provided by the controlling shareholder for minority shareholders [3]

Core Viewpoint - Wazhou Group is initiating a comprehensive tender offer for Wazhou B shares, aiming to delist the company due to ongoing financial struggles and to provide an exit opportunity for minority shareholders [3][12]. Group 1: Tender Offer Details - The tender offer period spans 39 calendar days from January 20 to February 27, with a purchase price set at HKD 2.86 per share [3][10]. - As of February 24, Wazhou B's stock price was HKD 2.80 per share, with a total market capitalization of HKD 1.127 billion [4]. - The tender offer does not include a delisting grace period, meaning shareholders must act decisively within the offer period [8][10]. Group 2: Financial Performance and Risks - Wazhou B has reported continuous losses, with a projected net loss for 2025 estimated between HKD 40 million to HKD 75 million, and a non-recurring net loss between HKD 65 million to HKD 110 million [13][14]. - The company has faced declining operational performance, with net profits being negative for 12 consecutive years since 2013 [12][14]. - The inability to raise funds through the B-share market has hindered Wazhou B's financial recovery, prompting the decision to pursue delisting as a means for shareholders to exit [15].

股票简称：瓦轴B 股票代码：200706 编号：2026-07 瓦房店轴承股份有限公司 关于瓦房店轴承集团有限责任公司 要约收购公司股份的第三次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 特别提示： 1.本次公告为关于瓦房店轴承集团有限责任公司（以下简称"瓦轴集团 "、"收购人"）要约收购瓦房店轴承股份有限公司（以下简称"上市 公司"、"公司"或"瓦轴B"）股份的第三次提示性公告。 2.本次预受要约申报代码：990087，申报价格：2.86港元/股。 3.本次要约收购期限共计39个自然日，即2026年1月20日至2026年2月27 日，但出现竞争要约的除外。按照本次要约收购申报程序，在本次要约收购 期限内最后三个交易日（即2026年2月25日、2026年2月26日和2026年2月27 日），预受股东可撤回当日申报的预受要约，但不得撤回已被中登深圳分公 司临时保管的预受要约。 4.本次要约收购的收购人为瓦轴集团。瓦轴集团现持有瓦轴B未流通内资 股24,400万股，持股比例为60.61%，拟以终止瓦轴B上市地位为目的向全体无 限售条件流通股股东发起 ...

Stock abbreviation: Wazhou B Stock code: 200706 No.: 2026-07 Wafangdian Bearing Company Limited Third Indicative Announcement Regarding the Takeover Offer by Wafangdian Bearing Group Co., Ltd. for the Company's Shares The Company and all members of the BOD guarantee that the information disclosed is true, accurate and completed, and that there are no false records, misleading statements or material omissions. Special Note: 1.This announcement is the Third Indicative Announcement concerning the takeover offe ...

Core Viewpoint - The comprehensive tender offer initiated by the controlling shareholder, Wafangdian Bearing Group Co., Ltd., aims to terminate the listing status of Wazhou B (200706), marking a significant shift in the company's capital market journey after nearly 29 years [1][3]. Group 1: Tender Offer Details - The tender offer has reached 15.03 million shares, but it still needs to meet the threshold of 39.05 million shares (9.48% of total share capital) to be effective [1][3]. - Unlike typical delisting processes that include a grace period, this tender offer does not set a grace period, meaning shareholders must act decisively within the offer period [3][4]. - The tender offer period lasts for 39 calendar days, from January 20, 2026, to February 27, 2026 [3][4]. Group 2: Investment Considerations - Investors are urged to act quickly as the tender offer progresses, with the current pre-acceptance at 15.03 million shares, leaving room for participation to reach the effective threshold [6]. - The tender offer period includes a non-revocable phase from February 25 to February 27, during which shares will be locked until the offer concludes [7][8]. - Post-delisting, if the number of remaining shareholders exceeds 200, Wazhou B's shares will transition to the National Equities Exchange and Quotations (NEEQ) for trading [9][10]. Group 3: Company Financial Health - Wazhou B has faced significant operational challenges, with net profits showing a continuous loss for 12 years, and a projected loss of 40 million to 75 million yuan for 2025 [11][12]. - The company's asset-liability ratio reached 91.90% by the end of Q3 2025, indicating a high level of financial risk and pressure [12]. - The B-share market has not seen new stock issuances since 2000, limiting Wazhou B's ability to raise capital through equity financing, making the voluntary delisting a strategic exit opportunity for shareholders [12][13]. Group 4: Shareholder Dynamics - Significant changes in the shareholding structure occurred in 2025, with the second-largest shareholder, SKF, donating its 19.70% stake, allowing Wafangdian Group to achieve 100% control [13][14]. - These changes have facilitated a smoother path for the privatization process, creating favorable conditions for investor participation in the tender offer [14].