Short title:WaZhou B Code：200706 No.: 2025-07 Wafangdian Bearing Co., Ltd. about Holding more than 5% Shareholders SuggestiveAnnouncement of Proposed Share Donation and Change of Interest The Company and all directors guarantee that the content of the announcement is true, accurate and complete, and there are no false records, misleading statements or material omissions. Special tips： 1. AKTIEBOLAGET SKF (hereinafter referred to as "SKF"), the second largest shareholder of Wafangdian Bearing Co., LTD. (hereinafter referred to as "Wafang B" or the "Company"), and Dalian Youth Development Foundation (hereinafter referred to as "Foundation") have signed the Donation Agreement on February 13, 2025. The agreement stipulates that SKF will directly hold 79.3 million shares of the company (19.70% of the total number of shares of the company) and all corresponding rights and interests of the company to Dalian Youth Development Foundation. With the completion of this donation transfer, SKF will no longer be a shareholder of the company. This donation of shares will not lead to changes in the controlling shareholders and actual controllers of the Company; 2.The effectiveness of the Donation Agreement is conditional upon Dalian Youth Development Foundation successfully opening a B-share securities account at China Securities Depository and Clearing Corporation Limited at or before 24:00 on February 20, 2025. 3.There is still uncertainty whether the share donation can be finalized. The Company will pay close attention to the progress of the transfer under this agreement, and urge all parties to timely fulfill their obligations of information disclosure in accordance with relevant laws and regulations. Investors are kindly requested to pay attention to investment risks. I. The situation of this change in equity AKTIEBOLAGET Reduction of holdings (shares) Reduction ratio (%) SKF (B) 79,300,000 19.70% Additional interpretation:At the time of the initial public offering, SKF held 65 million shares, representing 19.7% of the total share capital of Wazhou B, which was increased to 79.3 million shares by the conversion of the capital provident fund in 2006,The proportion does not change. Short title:WaZhou B Code：200706 No.: 2025-07 The shareholding situation before and after the equity change is as follows: Name of shareholder Holding shares before changes in Holding shares after changes in equity equity Number of Percentage of total Number of strands Percentage of total AKTIEBOLAGET strands share capital (%) (stocks) share capital (%) SKF (stocks) 79,300,000 19.70% 0 0.00% Dalian Youth Development 0 0 79,300,000 19.70% Foundation II. Basic information of both parties to this donation (1) Basic information of the donor Name AKTIEBOLAGET SKF Domicile 415 50 Goteborg, Sweden Legal Representative/ ZAKS, JANEANN-SOFIE Authorized LYON, CONNYANDERS MATHIAS Representative Issued Share Capital 455,351,068 Registration Number 556007-3495 Enterprise Type Limited Liability Company Main Business Producing bearings, seals, and related products, as well as providing Operations associated services. MailingAddress 415 50 Goteborg, Sweden Postal Code SE-415 50 Contact Person Anders Fredriksson Contact Number +46 31 337 10 00 (2) Basic information of the donee Disclosure Obligor Name Dalian Youth Development Foundation Room 103, 105~108, No. 3 Changbai Street, Xigang District, Dalian Domicile City, Liaoning Province Registered capital RMB 4 million Unified social code 532100007816068644 Type of enterprise Charitable organization (1) Organizing the implementation of funding and service projects that Main business scope conform to the purposes of the Foundation; (2) To carry out all kinds of Short title:WaZhou B Code：200706 No.: 2025-07 social charity projects that are beneficial to the physical and mental health and growth of adolescents; (3) To reward outstanding talents of Dalian youth and individuals and groups that have made outstanding contributions to the cause of Dalian youth; (4) Support the public welfare projects and organizational development of youth social organizations and volunteer groups. Operating term March 18, 2022 to September 28, 2026 Legal representative Song Jijun III. The main con