[收购]瓦轴B(200706):收到要约收购报告书的提示性公告（英）
SuggestiveAnnouncementRegardingReceiptofthe TakeoverOfferReport The Company and all members of the BOD guarantee that the informationdisclosedistrue,accurateandcompleted,andthattherearenofalserecords,misleadingstatementsormaterialomissions. SpecialNote: 1.TheacquirerinthistakeoverofferisWazhouGroup.WazhouGroupcurrentlyholds244millionnon-tradabledomesticsharesofWazhouB,representinga60.61%equitystake.ItintendstoinitiateageneraloffertoallshareholdersholdingunrestrictedtradablesharesforthepurposeofterminatingthelistingstatusofWazhouB.Thenumberofsharestobeacquiredundertheofferis158,600,000shares,accountingfor39.39%ofWazhouB'stotalsharecapital,atanofferpriceofHKD2.86pershare. At15:00onthelasttradingdayofthevalidityperiodofthistenderoffer,thenumberofpre-acceptedpublicsharesofWazhouBtemporarilyheldbytheShenzhenBranchofChinaSecuritiesDepositoryand Clearing Corporation Limited (hereinafter referred to as "CSDC Shenzhen") exceeded39,050,000shares.IftheproportionofpublicsharesheldbyWazhouBtothetotalsharecapitalislessthan10%aftertheacquisition,accordingtotheprovisionsofthe"StockListingRulesoftheShenzhenStockExchange",WazhouBwillnolongermeetthelistingconditions,andthenthistenderofferwilltakeeffect. At15:00onthelasttradingdayofthevalidityperiodofthistenderoffer,ifthenumberofpre-acceptedpublicsharesofWazhouBtemporarilyheldbyChinaSecuritiesDepositoryandTradingCorporationShenzhenislessthan39,050,000shares,thatis,theproportionofpublicsharesheldbyWazhouBtothetotalsharecapitalisstillhigherthan10%,thenthisfulltenderofferwillnottakeeffectfromtheverybeginning,andtheoriginalpre-acceptedapplicationwillnolongerbevalid.ChinaSecuritiesDepositoryandClearingCorporationShenzhenautomaticallyliftedthetemporarycustodyofthecorrespondingshares. Thedurationofthistakeoverofferisatotalof39calendardays,specificallyfromJanuary20,2026,to2.OnDecember17,2025,theCompanyreceivedthe"SummaryoftheTakeoverOfferReportforWafangdianBearingCo.,Ltd."issuedbyWazhouGroup.Forspecificdetails,pleaserefertothe"AnnouncementontheReceiptoftheSummaryoftheTakeoverOfferReportandtheResumptionofTrading."(AnnouncementNo.:2025-037)releasedbytheCompanyonJuchaoInformationNetwork(http://www.cninfo.com.cn)andSecuritiesTimesonDecember18,2025.Recently,theCompanyreceivedthe"TakeoverOfferReport"fromWazhouGroup.Thespecificdetailsarenowannouncedasfollows: I.OverviewoftheTakeoverOfferReport 1.BasicInformationoftheAcquirer
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.Takingallfactorsintoconsideration,asthecontrollingshareholderofWazhouB,WazhouGroup,withtheaimofcomprehensivelysafeguardingtheinterestsofWazhouB'sshareholdersanddemonstratingtheresponsibilityofastate-ownedenterprise,planstoinitiateageneraltakeoveroffertoallshareholdersholdingunrestrictedtradablesharesforthepurposeofterminatingthelistedstatusofWazhouB.3.Decision-MakingandApprovalProceduresCompletedforThisTransactionOnNovember17,2025,thePartyCommitteeofWazhouGroupdecidedtoinitiatethevoluntarydelistingprocessforWazhouB.ThematterwassubmittedbyHeavyIndustryEquipmentGrouptotheState-ownedAssetsSupervisionandAdministrationCommissionofDalianCity(SASACDalian)forapproval,andonNovember25,consentwasreceivedfromSASACDaliantoproceedwiththevoluntarydelistingprocessof"WazhouB." On December 16, 2025, the Board of Directors of Wazhou Group reviewed and approved theresolution to launch this takeover offer, authorizing the Chairman to sign the Summary of theTakeoverOfferReport. OnDecember29,2025,HeavyIndustryEquipmentGroupissuedthe "ShareholderResolution,"approvingthemattersrelatedtothisgeneraltakeoveroffer.Onthesameday,theState-ownedAssetsSupervisionandAdministrationCommissionofDalianCityissuedthe"ApprovalonWazhouGroup'sGeneralTakeoverOfferfortheCirculatingSharesofWafangdianBearingCo.,Ltd.forthePurposeofDelisting." OnDecember30,2025,uponconfirmationbyChinaSecuritiesDepositoryandClearingCorporationLimited,WazhouGroupcompletedtheopeningofatemporaryB-sharetradingaccount.Asofthe dateofsigning thisreport,theacquirerhascompletedallnecessarydecision-makingproceduresforthistakeoveroffer. 4. Whether the Acquirer Plans to Further Increase Its Holdings in the Listed Company’sSharesWithintheNextTwelveMonths Asofthe dateofsigningthisreport,apartfromthistakeoverofferandthe plantoacquiretheremainingsharesfromshareholdersintendingtosell,theacquirercurrentlyhasnoplanstofurtherincreaseitsholdingswithinthenext12months.Shouldanyrelevantchangesinequityoccurinthefuture,theacquirerwillstrictlycomplywithrelevantregulationstofulfillitsinformationdisclosureobligations. ThistakeoverofferaimstoterminatethelistingstatusofWazhouB.Upontheexpirationoftheofferperiod,iftheproportionofpubliclyheldsharesofWazhouBtoitstotalsharecapitalfallsbelow10%,WazhouBwillnolongermeetthelistingrequirementsinaccordancewiththeprovisionsoftheShenzhenStockExchangeListingRules.Insuchascenario,WazhouBwillbedelisted.Followingthedelisting,theacquirermay,inaccordancewiththelaw,adoptlawfulandeffectivemeasuresthatcouldpotentiallyeliminatetheindependentlegalentitystatusofWazhouB.RelevantsubsequentarrangementswillbeannouncedseparatelyafterthedelistingofWazhouB,basedontheactualcircumstancesofthecompany.Investorsareadvisedtopayattentiontoinvestmentrisks.5.ConditionsfortheEffectivenessofthetakeoverOffer ThistakeoverOfferisconditionedonWazhouB'sequitydistributionmeetingtheShenzhenStockExchangedelistingrequirements.If,upontheexpirationofthisgeneraltakeoverOffer,thenumberofWazhouB’spubliclyheldsharestenderedexceeds39,050,000shares—meaningthattheproportionof Wazhou B’s publicly held shares to its total share capital falls below 10% after theacquisition—then this takeover Offer will become effective. Conversely, if, upon expiration, thenumberofWazhouB’spubliclyheldsharestenderedislessthan39,050,000shares—meaningtheproportionofWazhouB’spubliclyheldsharestoitstotalsharecapitalremainsabove10%—thenthisgeneraltakeoverOfferwillbeineffectivefromtheoutset.Anyprioracceptanceswillnolongerbevalid,and China Securities Depository and Clearing Corporation Limited Shenzhen Branch willautomaticallyreleasethetemporarycustodyofthecorrespondingshares.6.DetailsoftheSharesSubjecttoThistakeoverOffer AccordingtoArticle26ofthe"AdministrativeMeasuresfortheAcquisitionofListedCompanies",ThesharessubjecttothistakeoverOfferaretheWazhouBsharesheldbyshareholdersotherthantheacquirer.Thequantityofsharesundertheofferisasfollows:
IfWazhouBundertakesanycorporateactionssuchasdividenddistributions,bonusshareissues,orcapitalreserveconversionsintosharecapital(eventsinvolvingex-rightsorex-dividends)betweentheannouncementdateofthesummaryofthistakeoverOfferreportandtheexpirationdateofthetakeoverOfferperiod,theofferpricewillbeadjustedaccordingly. 7.DetailsRegardingtheFundsforthetakeoverOffer Basedontheofferpriceof2.86HongKongdollarspershare,themaximumtotalfundsrequiredforthistakeoverOfferamountto453,596,000HongKongdollars. Inaccordancewiththerequirementsofrelevantlawsandregulations,WazhouGroupwilldepositnolessthan90,720,000HongKongdollars(i.e.,nolessthan20%ofthemaximumtotalfundsrequiredforthistakeoverOffer)intothedesignatedaccountofChinaSecuritiesDepositoryandClearingCorporationLimitedShenzhenBranchwithintwotradingdaysafterdisclosingthe"SummaryofthetakeoverOfferReport,"asaperformanceguaranteeforthistakeoverOffer.ThefundsrequiredforthistakeoverOfferaresourcedfromtheacquirer'sownfundsorself-raisedfunds,andarenotobtaineddirectlyorindirectlyfromWazhouBoritsaffiliatedentities,ensuringlegality.ThereisnoscenariowherethesharesacquiredinthistakeoverOfferarepledgedtobanksorotherfinancialinstitutionsforfinancing.TheacquirerpossessestheperformancecapabilityrequiredforthistakeoverOffer. UpontheexpirationofthetakeoverOfferperiod,theacquirerwillconfirmtheacquisitionresultsbasedonthequantityofpre-acceptedtendersharesheldintemporarycustodybyChinaSecuritiesDepository and Clearing Corporation Limited Shenzhen Branch and fulfill the takeover Offer inaccordancewiththeofferconditions. 8.DurationofthetakeoverOffer The duration of this takeover offer is 39 calendar days, specifically from January 20, 2026, toFebruary27,2026,unlessacompetingofferarises. ThedurationofthistakeoverOfferis30calendardays,unlessacompetingofferarises.ForspecificdatesofthetakeoverOfferperiod,pleaserefertotherelevantcontentinthefullversionofthetakeoverOfferreporttobeannouncedsubsequently.Withinthelastthreetradingdayspriortotheexpiration of the takeover Offer period, shareholders who have pre-accepted the offer may notwithdrawtheiracceptance. DuringthetakeoverOfferperiod,investorscaninquireaboutthequantityofsharespre-acceptedunderthetakeoverOfferandthequantityofsharesforwhichpre-acceptancehasbeenwithdrawnasoftheprevioustradingdayontheShenzhenStockExchangewebsite(http://www.szse.cn/).II.OtherExplanatoryNotes Theaboveisonlypartofthecontentofthistenderoffer.Fordetails,pleaserefertothe"TakeoverOfferReportofWafangdianBearingCo.,Ltd."disclosedonthesamedayasthisannouncementonthe website of Juchao information network (http://www.cninfo.com.cn) and securities times. Theacquirerhas,inaccordancewiththeAcquisitionMeasures,engagedfinancialadvisorsandlegalcounsel to prepare a financial advisor report and a legal opinion for this takeover offer. Thesedocuments,togetherwiththisannouncementandthetakeoverofferreport,aredisclosedontheJuchaoInformationNetwork(http://www.cninfo.com.cn/).Investorsarekindlyadvisedtopayattentiontothem.Weurgeallinvestorstoinvestrationallyandremainmindfuloftherisks.III.ReferenceDocuments 1.TakeoverOfferReportofWafangdianBearingCo.,Ltd. Herebynotify Boardofdirectorsof WafangdianbearingCompanylimited January16,2026 中财网
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