[收购]瓦轴B(200706):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一次提示性公告（英）
AnnouncementRegardingtheTakeoverOfferbyWafangdian BearingGroupCo.,Ltd.fortheCompany'sShares The Company and all members of the BOD guarantee that the informationdisclosedistrue,accurateandcompleted,andthattherearenofalserecords,misleadingstatementsormaterialomissions. SpecialNote: 1.This announcement is the First Indicative Announcement concerning the takeover offer byWafangdianBearingGroupCo.,Ltd.(hereinafterreferredtoas"WazhouGroup"orthe"Acquirer")forthesharesofWafangdianBearingCo.,Ltd.(hereinafterreferredtoasthe"ListedCompany,"the"Company,"or"WazhouB"). 2.Thecodeforpre-acceptanceofthistakeoverofferis990087,andtheofferpriceisHKD2.86pershare. 3.Thedurationofthistakeoverofferis39calendardays,specificallyfromJanuary20,2026,toFebruary27,2026;unlessacompetingofferarises.Accordingtotheproceduresforthistakeoveroffer,shareholderswhohavepre-acceptedtheoffermaywithdrawtheiracceptanceonthedayitissubmittedduringthelastthreetradingdaysoftheofferperiod(i.e.,February25,2026;February26,2026; and February 27, 2026). However, acceptances that have already been placed undertemporary custody by China Securities Depository and Clearing Corporation Limited ShenzhenBranchcannotbewithdrawn. 4.TheacquirerinthistakeoverofferisWazhouGroup.WazhouGroupcurrentlyholds244millionnon-tradabledomesticsharesofWazhouB,representinga60.61%equitystake.ItintendstoinitiateageneraloffertoallshareholdersholdingunrestrictedtradablesharesforthepurposeofterminatingthelistedstatusofWazhouB.Thenumberofsharestobeacquiredundertheofferis158,600,000shares,accountingfor39.39%ofWazhouB'stotalsharecapital. 5.TheCompanypubliclydisclosedthe "TakeoverOfferReportofWafangdianBearing Co.,Ltd."issuedbyWazhouGrouponJanuary19,2026.Fordetails,pleaserefertotheJuchaoInformationNetwork . In accordance with the relevant provisions of the "Administrative Measures for theAcquisition of Listed Companies," the acquirer is required to publish at least three indicativeannouncementsregardingthistakeoverofferwithin30daysfollowingthedisclosureofthe"TakeoverOfferReport."Therelevantdetailsofthistakeoverofferareherebyindicatedasfollows:I.BasicInformationoftheTakeoverOffer 1.NameoftheAcquirer:WafangdianBearingGroupCo.,Ltd. 2.NameoftheTargetCompany:WafangdianBearingCo.,Ltd. 3.StockNameoftheTargetCompany:WazhouB 4.StockCodeoftheTargetCompany:200706 5.TypeofSharesSubjecttotheOffer:DomesticListedForeign-InvestmentShares(BShares)6.PaymentMethod:CashPayment 7.TakeoverOfferPrice:HKD2.86pershare II.PurposeoftheTakeoverOffer In recent years, due to impacts from the global economic recession and economic structuraladjustments, Wazhou B has suffered consecutive annual losses, with its operating conditionsprogressivelydeteriorating.Sincethebeginningof2025,compoundedbymultipleadversefactors,thecompany'soperationshavefacedfurtherrestrictions,anditsfuturefinancialriskshavecontinuedtoescalate.Ifthistrendpersists,thecompany'soperationalrisksareboundtointensify.Consideringallfactors,WazhouGroup,asthecontrollingshareholderofWazhouB,aimstocomprehensivelysafeguard the interests of Wazhou B's shareholders and demonstrate the responsibility of astate-ownedenterprise.Tothisend,WazhouGroupplanstoinitiateageneraltakeoveroffertoallshareholdersholdingunrestrictedtradablesharesforthepurposeofterminatingthelistedstatusofWazhouB.Followingthedelisting,theacquirermay,inaccordancewiththelaw,adoptlawfulandeffectivemeasuresthatcouldpotentiallyeliminatetheindependentlegalentitystatusofWazhouB.RelevantsubsequentarrangementswillbeannouncedseparatelyafterthedelistingofWazhouB,based on the actual circumstances of the company. Investors are advised to pay attention toinvestmentrisks. III.ConditionsfortheEffectivenessoftheTakeoverOffer ThistenderofferissubjecttotheconditionthatthesharedistributionofWazhouBmeetsthedelistingrequirements.Ifattheendofthiscomprehensivetenderoffer,thenumberofpubliclytradedsharesofWazhouBthataccepttheofferexceeds39,050,000shares,andtheproportionofpubliclytradedsharesofWazhouBinthetotalsharecapitalaftertheacquisitionislowerthan10%,thenthistenderofferwillbeeffective.Ifattheendofthiscomprehensivetenderoffer,thenumberofpubliclytradedsharesofWazhouBthataccepttheofferislessthan39,050,000shares,andtheproportionofpubliclytradedsharesofWazhouBinthetotalsharecapitalremainshigherthan10%,thenthiscomprehensivetenderofferwillbeinvalidfromthebeginning,theoriginalpre-acceptancedeclarationwillnolongerbevalid,andChinaSecuritiesDepositoryandClearingCorporationShenzhenwillautomaticallyreleasethecorrespondingsharesfromtemporarycustody.IV.DetailsoftheSharesSubjecttoThistakeoverOffer AccordingtoArticle26ofthe"AdministrativeMeasuresfortheAcquisitionofListedCompanies",ThesharessubjecttothistakeoverOfferaretheWazhouBsharesheldbyshareholdersotherthantheacquirer.Thequantityofsharesundertheofferisasfollows:
IfWazhouBundertakesanycorporateactionssuchasdividenddistributions,bonusshareissues,orcapitalreserveconversionsintosharecapital(eventsinvolvingex-rightsorex-dividends)betweentheannouncementdateofthesummaryofthistakeoverOfferreportandtheexpirationdateofthetakeoverOfferperiod,theofferpricewillbeadjustedaccordingly. V.DurationofthetakeoverOffer Thetermofthistenderofferis39calendardays,fromJanuary20,2026toFebruary27,2026,exceptincaseswherecompetingoffersaremade. Threetradingdayspriortotheexpirationofthistenderoffer,pre-acceptingshareholderscanentrustsecuritiescompaniestohandletheproceduresforwithdrawingtheirpre-acceptanceoftheoffer.TheChina Securities Depository and Clearing Corporation (Shenzhen) will release the pre-acceptedsharesfromtemporarycustodyuponthewithdrawalapplicationofthepre-acceptingshareholders.During the last three trading days before the expiration of this tender offer, pre-acceptingshareholderscanwithdrawthepre-acceptedofferstheyhavesubmittedonthecurrentday,buttheycannotwithdrawthepre-acceptedoffersthathavebeentemporarilyheldbytheChinaSecuritiesDepositoryandClearingCorporation(Shenzhen). Duringthetermofthistenderoffer,investorscanqueryontheShenzhenStockExchangewebsite(http://www.szse.cn/)thenumberofpre-acceptedsharesasoftheprevioustradingdayandthenumberofwithdrawnpre-acceptedshares. VI.MethodsandProceduresforShareholders'Pre-SubscriptionOffer1.ReportingCode:990087 2.ReportingPrice:HKD2.86pershare 3.Quantitylimitfordeclaration Theupperlimitforthenumberofsharesthatshareholderscandeclareforthepre-acceptanceofferisthenumberofsharesheldintheirshareholderaccountsthatarenotsubjecttopledge,judicialfreezing,orotherrestrictions.Anyexcessamountisinvalid.Sharesthatarepledged,judiciallyfrozen,orsubjecttootherrestrictionscannotbedeclaredforthepre-acceptanceoffer.4.ApplicationforPre-acceptanceOffer IfashareholderofWazhouBappliesforthepre-acceptanceoffer,theymustcompletetherelevantproceduresforthepre-acceptanceofferofthesharesinthisofferduringeachtradingdaywithintheofferperiod,throughthebusinessdepartmentofthesecuritiescompanythatholdstheirshares.Thebusiness department of the securities company will handle the relevant declaration proceduresthrough the trading system of the Shenzhen Stock Exchange. The content of the declarationinstructionshouldinclude:stockcode,memberseatnumber,securitiesaccountnumber,contractnumber,pre-acceptedquantity,acquisitioncode.Duringtheofferperiod(includingtheperiodofstocksuspension), shareholders of Wazhou B can handle the relevant pre-acceptance declarationprocedures.Thepre-acceptancedeclarationcanberevokedonthesameday.5.SaleofPre-acceptedShares Sharesthathavebeendeclaredforpre-acceptancecanbesoldonthesameday.Unexecutedpartsofthesellingdeclarationwillstillbeincludedinthepre-accepteddeclaration.Sharesthathavebeendeclaredforpre-acceptanceshouldnotbere-sold,andsharesthathavebeensoldshouldnotbere-declaredforpre-acceptance.Otherwise, itwillcausethe sold sharestobe short-soldonthesettlement date. Shareholders of tradable shares should handle the non-trading commissiondeclaration on the same day for the same batch of shares in the same transaction, and theprocessingsequenceis:pledge,pre-acceptance,transferregistration.6.ConfirmationofPre-acceptedShares Theconfirmationofpre-acceptedsharesorthewithdrawalofpre-acceptedsharedeclarationwilltakeeffect on the next trading day after confirmation by China Securities Depository and ClearingCorporation Shenzhen. China Securities Depository and Clearing Corporation Shenzhen willtemporarilykeeptheconfirmedpre-acceptedshares.Theconfirmedpre-acceptedsharesshallnotbetransferred,transferredforregistration,orpledged. 7.AmendmentoftheOffer Duringtheofferperiod,iftheofferisamended,theoriginalpre-accepteddeclarationwillnolongerbevalid.ChinaSecuritiesDepositoryandClearingCorporationShenzhenwillautomaticallyreleasethetemporarycustodyofthecorrespondingshares;shareholderswhoaccepttheamendedoffermustre-declare. 8.CompetitiveOffer Whenacompetitiveofferoccurs,pre-acceptedshareholdersoftheinitialoffershouldwithdrawtheoriginalpre-acceptedofferbeforere-acceptingthecompetitiveofferfortheinitialoffershares.9.JudicialFreeze Ifthepre-acceptedsharesarejudiciallyfrozenduringtheofferperiod,thesecuritiescompanywillwithdrawthepre-accepteddeclarationofthecorrespondingsharesthroughtheShenzhenStockExchangetradingsystembeforeassistingintheexecutionofthesharefreeze.10.AnnouncementofPre-acceptedShareSituation Onthetradingdaybeforeeachtradingdayduringtheofferperiod,theofferorwillannouncetherelevantsituationofthepre-acceptedsharesoftheprevioustradingdayontheShenzhenStockExchangewebsite. 11.HandlingofRemainingShares The remaining shares purchased by the offeror from each shareholder who has declared forpre-acceptancethatarelessthanonesharewillbehandledinaccordancewiththeproceduresforfractionalsharesinthedistributionofrightsandinterestsofChinaSecuritiesDepositoryandClearingCorporationShenzhen. 12.TransferofOfferedShares Aftertheexpirationoftheofferperiodandtheeffectivenessoftheoffer,theofferorwilldeposittheamountoftheofferfunds,excludingtheperformanceguaranteedeposit,infullintoitssettlementreserveaccountatChinaSecuritiesDepositoryandClearingCorporationShenzhen,andthenapplyto the settlement business department of China SecuritiesDepository and Clearing CorporationShenzhentotransferthefundsfromitssettlementreserveaccounttothesecuritiesfundsettlementaccountoftheoffer. 13.TransferofPre-acceptedShares Aftertheexpirationoftheofferperiodandtheeffectivenessoftheoffer,theofferorwillapplytotheShenzhen Stock Exchange for the transfer procedures of the pre-accepted shares and providerelevant materials. The legal department of the Shenzhen Stock Exchange will complete theconfirmationproceduresforthetransferofthepre-acceptedshares,andtheofferorwill,withtheconfirmationletterofthetransferofpre-acceptedsharesissuedbytheShenzhenStockExchange,procedures. 14.AnnouncementofOfferResults Afterthetransferproceduresforthepre-acceptedsharesarecompleted,theofferorwillpromptlysubmitanddisclosethereportontheacquisitionofthelistedcompanyandtheresultsannouncementtotheShenzhenStockExchange. VII.MethodsandProceduresforShareholderstoWithdrawTheirPre-acceptanceOffers 1.WithdrawalofPre-acceptedOffer Ifthepre-acceptedshareapplicationiswithdrawn,therelevantproceduresfordeclarationshallbecarriedoutthroughthetradingsystemoftheShenzhenStockExchangewithinthetradinghoursofeachtradingdayduringthevalidityperiodoftheacquisitionoffer.Thecontentofthedeclarationinstruction shall include: stock code, member seat number, securities account number, contractnumber,withdrawalquantity,acquisitioncode.Thewithdrawalofthepre-acceptedofferdeclarationcanberevokedonthesameday. 2.AnnouncementofWithdrawalofPre-acceptedOfferSituation Onthetradingdaybeforeeachtradingdayduringtheofferperiod,theacquirerwillannounceontheShenzhenStockExchangewebsitetherelevantsituationofthewithdrawalofthepre-acceptedofferoftheprevioustradingday. 3.ConfirmationofWithdrawalofPre-acceptedOffer Thewithdrawalofthepre-acceptedofferdeclarationbecomeseffectiveonthenexttradingdayafterbeing confirmed by the China Securities Depository and Clearing Corporation Shenzhen. Thetemporary custody of the withdrawn pre-accepted offer shares is released by China SecuritiesDepositoryandClearingCorporationShenzhen. Threetrading daysbefore the expirationof thetender offer,the pre-acceptedshareholderscanentrustasecuritiescompanytohandletheproceduresforwithdrawingthepre-acceptedoffer.ChinaSecuritiesDepositoryandClearingCorporationShenzhenwillreleasethetemporarycustodyofthepre-acceptedofferstocksbasedonthewithdrawalapplicationofthepre-acceptedoffershareholders.Withinthreetradingdaysbeforetheexpirationofthetenderoffer,thepre-acceptedshareholderscanwithdraw the pre-accepted offer declared on the same day, but they cannot withdraw thepre-accepted offer that has been temporarily held by China Securities Depository and ClearingCorporationShenzhen. 4.Whenthereisacompetingoffer,pre-acceptedoffershareholdersshallwithdrawthepre-acceptedoffersharesfortheinitialofferbeforemakingafurtherpre-acceptanceofthepre-acceptedoffer.5.Whenthetradablesharesofthepre-acceptedofferarepledged,subjecttojudicialfreezingorsubject to other rights restrictions during the tender offer period, the securities company shallwithdrawthepre-acceptedofferdeclarationofthecorrespondingsharesthroughthetradingsystemoftheShenzhenStockExchangebeforeassistingintheexecutionofthesettingofotherrightsontheshares. VIII.Pre-acceptanceofOffer AfterAuthorizedtotheShenzhenStockExchange,AsofJanuary23,2026,thetotalnumberofpre-acceptedshareswas3,516,667,representingapre-acceptanceratioof2.217%.Herebynotify Boardofdirectorsof WafangdianbearingCompanylimited January26,2026 中财网
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