瓦轴B(200706):部分涉及关联交易的日常经营性债务重组的公告（英）
AnnouncementontheRestructuringofSomeDailyOperating DebtsInvolvingRelated-partyTransactions TheCompanyandallmembersoftheBODguaranteethattheinformationdisclosedistrue,accurateandcompleted,andthattherearenofalserecords,misleadingstatementsormaterialomissions.I.OverviewofDebtRestructuring 1.Debtrestructuringgains Inordertooptimizethedebtstructureoftheenterpriseandimprovetheefficiencyoffund utilization, Wafangdian Bearing Co., LTD. (hereinafter referred to as "theCompany")hascarriedoutaclean-upworkonthepayablesofthecompany'sdailyoperationnatureinJanuary-September2025.Duringthisperiod,ourcompanysignedthe"DebtRestructuringAgreement"with297suppliersincludingWafangdianBearingGroupCo.,Ltd.anditssubsidiaries,DalianJienengHeavyIndustryCo.,LTD.,etc.Afterfriendlyconsultation,thesesuppliersagreedtomakeconcessionsonthedebtsowedbyourcompanyfordailyoperations.Theabove-mentionedbusinessenabledtheCompanytogain12,876,532.94yuanfromdebtrestructuring,amongwhichthegainfromrelateddebtrestructuringwas1,942,333.19yuan. 2.Lossesfromdebtrestructuring Debtrestructuringlossesconfirmedbybothparties Ourcompanyhassignedthe"DebtRestructuringAgreement"withfiveclientsincludingWafangdian Bearing Group Wind Power Bearing Co., LTD.Through friendlyconsultation, our company has made concessions on the debts owed by thesecustomers for the daily operation nature of our company. The above-mentionedbusinesshascausedadebtrestructuringlossof187,748.86yuanforourcompany.Amongthem,thelossfromtherestructuringofrelateddebtswas183,522.82yuan.3.Asfivesuppliersandfivecustomers,includingWafangdianBearingGroupCo.,Ltd.andWafangdianBearingPrecisionForgingCo.,LTD.,arethelargestshareholderofour company or its wholly-owned subsidiaries, the transactions involving this partconstituterelated-partytransactions. 4.Theproposalwasreviewedandunanimouslyapprovedatthethirdmeetingofthetenthboardofdirectorsofthecompany.Duringthedeliberation,itinvolvedWhenitcame to matters related to related-party transactions, the related directors ZhangXinghai,ChenJiajunandWangJiyuanabstainedfromvoting.Theremainingdirectorsallvotedinfavorofthematter,withnovotesagainstorabstentions. 5.Thismotiondoesnotneedtobesubmittedtothecompany'sshareholders'meetingforreviewandapproval,nordoesitconstituteamajorassetreorganizationasdefinedinthe"AdministrativeMeasuresforMajorReorganizationofListedCompanies".6.Allthedebtrestructuringsinthisroundareofadailybusinessnature,andtherearenosignificantlegalobstaclesfortheimplementationbyallparties.II.BasicInformationofthecounterpartyinDebtRestructuring 1.Atotalof297suppliersand5customersareinvolvedinthisdebtrestructuring.Thedebtrestructuringreachedbetweenthecompanyandrelatedpartiesandthedebtrestructuring reached with third-party suppliers are independent and do notpreconditioneachother,anddonotconstituteapackagedeal. 2. The counterparty to the debt restructuring has no other relationship with thecompanyandthecompany'stoptenshareholdersintermsofpropertyrights,business,assets,creditor'srightsanddebts,personnel,etc.,whichmayorhasalreadycausedthecompanytotiltitsintereststowardsitoritsintereststowardsthecompany.Thecompanyconductsalldebtrestructuringsinaccordancewiththeprinciplesoffairness,impartialityandequaltreatment. Thebasicinformationoftherelatedpartiesisasfollows: .WafangdianBearingGroupCorp.,Ltd. Legalrepresentative:MengWei Registeredcapital:519,869,400yuan Registeredaddress:No.1,Section1,NorthGongjiStreet,WafangdianCity,LiaoningProvince Typeofenterprise:LimitedLiabilityCompany Businessterm:FromDecember22,1995toDecember22,2045 Unifiedsocialcreditcode:91210200242386663D Businessscope:Importandexportofgoods,importandexportoftechnologies(forprojectssubjecttoapprovalaccordingtolaw,businessactivitiescanonlybecarriedoutafterapprovalbyrelevantdepartments,thespecificbusinessprojectsshallbesubjecttotheapprovalresults)Generalprojects:Manufacturingofbearings,gearsandtransmissionparts,salesofbearings,gearsandtransmissionparts,manufacturingofmetal tools, sales of metal tools, manufacturing of special equipment (excludinglicensed professional equipment manufacturing), research and development ofmachinery and equipment, sales of machinery and equipment, manufacturing ofnon-metallicmineralproducts,salesofnon-metallicmineralsandproducts,ferrousmanufacturing, Auto parts retail, auto parts wholesale, railway rolling stock partsmanufacturing, railway rolling stock parts sales, industrial designservices, generalequipment repair, technical service, technical development, technical consultation,technicalexchange,technologytransfer,technologypromotion,metalmaterialssales,housingleasing,non-residentialrealestateleasing,machineryandequipmentleasingLatestauditedfinancialposition(2024):Thetotalassetswere8,734.73millionyuan,thenetassetswere1,163.51millionyuan,theoperatingincomewas4,024.90millionyuan,andthenetprofitwas-266.12millionyuan(asaudited). Theaboverelatedpartiesarenotthedishonestpersonssubjectedtoexecution.III. Main Contents of the Debt Restructuring Plan and Debt RestructuringAgreement 1.Debtformationsituation After calculation by the company with 297 suppliers, the total amount of variouspayments for goods and project funds that the company should pay to theabove-mentionedsuppliersamountsto287,815,048.49yuan. Afterthecompany'scalculationwith5customers,thebearingpaymentreceivablefromtheabove-mentionedcustomersofourcompanyis5,887,622.05yuan. 2.Themaincontentsofthedebtrestructuringplan Aftercommunicationandnegotiationwiththecreditors,inaccordancewiththe"DebtRestructuringAgreements"signedbyourcompanywith297suppliersrespectively,basedontheprincipleofmutualbenefitandcooperation,thecreditorsagreedtowaivethecreditor'srightsforpartofthepayment.Theremainingpaymentwouldbepaidtothecreditorsbythecompanyintheformofcommercialpapersandbankdeposits.Afterthecreditorsreceivedthepayment,thecreditor'srightsanddebtsinvolvingthecontractdetailsbetweenthetwopartieswouldbesettled.Therearenoothereconomicdisputes. FromJanuarytoSeptember2025,thecompanycompleteddebtrestructuringwithsuppliersfor287,815,048.49yuan,actuallypaid274,938,515.55yuanforgoods,andrealizeddebtrestructuringgainsof12,876,532.94yuan,amongwhichthegainsfromrelateddebtrestructuringwere1,942,333.19yuan. After communication and negotiation between the debtor and our company, inaccordancewiththe"DebtRestructuringAgreement"signedbyourcompanywith5customers,basedontheprincipleofmutualbenefitandcooperation,ourcompanyagreestowaivethecreditor'srightsofpartofthebearingpayment. FromJanuarytoSeptember2025,thecompanycompleteddebtrestructuringwithcustomers for 5,887,622.05 yuan, actually received payment for goods forwhichthelossfromrelateddebtrestructuringwas183,522.82yuan. 3.Thereisnosituationwherenon-cashassetsareusedtosettledebtsinthisdebtrestructuring. IV.Otherarrangementsfordebtrestructuring Thisdebtrestructuringdoesnotinvolvesubsequentarrangementssuchaspersonnelresettlement, land leasing, related-party transactions, or competition in the sameindustry. V.Reasons,PurposesofDebtRestructuringandItsImpactontheCompanyThemainreasonfordebtrestructuringisthatduetotheinfluenceoftheoverallmarketenvironment,theenterprise'sfundsarerelativelytightintheshortterm.Inordertorelievethefinancialpressureandacceleratetherecoveryoffunds,ithasreachedanagreement with suppliers and customers. When making payments to suppliers, acertainproportionofthediscountwillbecharged,andwhenrecoveringthepaymentsfromcustomers,acertainproportionofthediscountwillbegiven.Thedeterminationoftherelevantdiscountrateisreachedthroughconsultationbybothpartieswithintherangethattheiroperationscanafford. The subsequent payment arrangements of the company are, first, based on theoutstandingdebtsofsuppliersbythesettlementperiod,andsecond,inaccordancewiththeactualrecoveryoffundsofthecompanyinthecurrentperiod.Thefundsmainlyconsistoftherecoveredfundsfromtheenterprise'sexternalsalesofbearingproducts.Itisanormalfundpaymentbusinessanddoesnotaffectthecompany'sdailyoperation. Bycarryingoutdebtrestructuring,thecompanyfurthersortsoutthecreditor-debtorrelationshipofthecompany,alleviatesthefinancialpressure,reducesthedebtburdenofthecompany,optimizesthedebtstructure,improvesthefinancialsituationofthecompany, and is conducive to promoting the operation and development of thecompany. AccordingtorelevantregulationssuchastheEnterpriseAccountingStandards,thenetgain of 12,688,784.08 yuan from this debt restructuring will be included in theinvestmentincome. VI.ExplanationofSpecialOpinions (1)OpinionsoftheSpecialMeetingofIndependentDirectors After review, we believe that by carrying out debt restructuring, the company canfurthersortoutitscreditor-debtorrelationship,optimizeitsdebtstructure,andimproveits financial situation. This is conducive to promoting the company's businessdevelopmentandwillnothaveasignificantadverseimpactonthecompany'sfinancialandbusinessconditions.Thereisnobehaviorthatharmstheinterestsofthecompanyanditsminorityshareholders,anditisinlinewiththeoverallinterestsofthecompany.All independent directors agree to this matter and agree to submit theabove-mentionedproposaltothecompany'sboardofdirectorsfordeliberation.Whenthe board of directors votes on the motion, the related directors shall recusethemselvesinaccordancewiththeregulations. VII.Documentsforreference 1. Resolution of the Third Meeting of the 10th Board of Directors of WafangdianBearingCo.,LTD. 2.ResolutionoftheSecondspecialMeetingofIndependentDirectorsin20253.OverviewTableofRelatedPartyTransactionsofListedCompanies. 4.OtherdocumentsrequiredbytheShenzhenStockExchange. Herebynotify Boardofdirectorsof WafangdianbearingCompanylimited October27,2025 中财网
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