Short title:WaZhou B Code：200706 No.: 2013-09

Wafangdian Bearing Company Limited Announcement of Resolution of the 2013 1st Extraordinary Board Session

Our company, the whole members of the board of directors and top managements ensured the truth, accuracy, completeness, no false record, misleading statement and fatal omit of the announcement. I、The statement of Board of Directors Meeting 1、When and how the notice is sent out Meeting notice of the 2013 1st Extraordinary Board of Directors of Wafangdian Bearing Co., Ltd has been sent out by fax on May 21, 2013. 2、The time、place and the way of the Board of Directors Meeting The 2013 1st Extraordinary Board of Directors of Wafangdian Bearing Co., Ltd was held on May 30, 2013 by means of communication. 3、The board members that should attend and actually present 12 board members should attend the meeting and actually 12 members were present. 4、The compere of the Board of Directors Meeting The Board of Directors Meeting is hold by the chairman of the Board Wang Lushun. 5、Holding of meeting conforms to regulations of “Corporate Law” as well as “Article of Association”. II、The deliberation of the Board of Directors Meeting 1.The proposal on changing election of Board of directors Due to the expiration of the term of the Company's 5th Board,the board or directors plan to change election.In line with the AOA, the 6th board or directors shall be constituted with 12 members,of which include 4 independent directors. Recommend by the first largest shareholder (Wafangdian Bearing Group Company, who holds 60.6% shares of WBC),the second largest shareholder(AB SKF who holds 19.7% shares of WBC),the following persons are as the candidates of members in the 6th Board of Directors: The director candidate: Mr.Wang Lushun, Mr. Cong Hong, Mr. Li Shi ,Mr. Shao Yang, Mrs. Sun Najuan ,Mr. Chen Jiajun,Zhu Jiming,Fang Bo The independent director candidates: Mrs. Zhang Li, Mr. Wu Chunyou, Mr.Liu Yuping, Mr.Sun Guangguo This proposal shall be present to 2012 Annual shareholder’s meeting to review, and the qualification and independence of the independent director candidates shall be reported to Shen Zhen Stock Exchange to record, the proposal can be present to 2012 Annual shareholder’s meeting to review if the verification is without objection. Approval result：

1 Short title:WaZhou B Code：200706 No.: 2013-09 Director candidate approving vote rejecting vote abstaining vote Wang Lushun 12 0 0 Cong Hong 12 0 0 Li Shi 12 0 0 Shao Yang 12 0 0 Sun Najuan 12 0 0 Chen Jiajun 12 0 0 Zhu Jiming 12 0 0 Fang Bo 12 0 0 Independent Director candidate approving vote rejecting vote abstaining vote Zhang Li 12 0 0 Wu Chunou 12 0 0 Liu Yuping 12 0 0 Sun Guangguo 12 0 0 Approval result:12 approving vote, 0 rejecting vote and 0 abstaining vote; 2. The proposal of purchasing 2% equity and renouncing the preemption right on equity (49%)in SKF Wazhou Bearing Co., Ltd Discussed and unanimously passed the proposal of renouncing the preemption right on equity (49%)in SKF Wazhou by 4 approving vote, 0 rejecting vote and 0 abstaining vote, and The related director Mr.Wang Lushun, Mr.Cong Hong,Mr,Shao Yang , Mr.Zhang Xinghai, Mr.Sun Najuan,Mr.Chen Jiajun,Mrs.Fang Bo, Mr. Rakesh Makhija obviate from the proposal. The issues still should be passed by shareholder’s meeting of 2012, the related shareholders will obviate from the related issues. WBC will purchase 2% equity and renounce the preemption right on 49% equity in SKF Wazhou, the detail information will be disclosure together with the Announcement of holding 2012Annual Shareholders’ Meeting

III、The documents for future reference

1. Wafangdian Bearing Co., Ltd Resolutions of the 2013 1st Extraordinary Board of Directors

Specially Announcement

Board of director of Wa Fangdian bearing Co., Ltd May 31,2013

2 Short title:WaZhou B Code：200706 No.: 2013-09

Attachment:The resume of the director(independent director)candidates

Mr. Wang Lushun, was born in December 1950, graduated form university, high-ranking engineer, Since 1968, has been worked for Wazhou Factory, he has ever take the secretary section chief of CPC, the head of Motive Power Department, the head of Products Manufacture Department and assistant manager, the vice manager of Wazhou Factory, the director and vice general manager of WBGC, the chairman and general manager of WBC, now he takes chairman and general manager of WBGC and chairman of WBC.None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.”

Mr.Cong Hong, was born in April 1959, master degree, senior politic engineer. has served as vice manager of Aaolin Group Co.Ltd, the officer of Support Association in Shen Yang, the deputy Party secretary and vice-general manger of the DCW Corporation, the deputy Party secretary and director of DHI.DCW GROUP CO.,LTD. Now he takes vice- chairman and Party secretary of WBGC. None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.”

Mr. Lishi was born in April 1965, Master degree, senior engineer, worked as technicians, factory vice-manager, factory manager and vice-general manager. Worked in WBGC since September 2010 now he work as vice-general manager of WBGC,None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company

Law.” Mr. Shao Yan, was born in November 1966. Bachelor Degree. After graduation, he joined in Wafangdian Bearing Factory and worked as an engineer. He has been appointed as a manager of Technical Supervisory Section, Assistant Chief of Engineering Center, Manager of Technical Development Department, Assistant General Manager and Vice General Engineer of Wafangdian Bearing Group Corporation. At present he is the Manager of WBC. None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He 3 Short title:WaZhou B Code：200706 No.: 2013-09 possesses the qualification for the director candidate, and conforms to the regulations stipulated by the

“Company Law.” Mrs. Sun Najuan, was born in October 1968 with title of senior economist. Master degree. Ever since she joined in the Company on September of 1990, she worked as accountant in Financial Division of WBGC, section leader of Checking Division, general manager assistant of Material Providing Company of WBC, and the general manager assistant of Sales Company of WBC. Now she works as chief accountant and the secretary of board of directors of WBC。None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before Se possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.” Mr. Chen Jiajun, male, was born on December 1967. Bachelor Degree. Ever since she joined in the Company on September he worked as head,Assistant charger, deputy charger, and charger of Operation and managing department of ZWZ Group, Now he work as charger of Operation and managing department and general manager assistant. None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.” Mr.Zhu Jiming, Mr. Zhu Jiming, was born in September,1961,the American citizenship, gratulated Foreign Studies University in 1982, MBA of Booth School of Business in Chicago, he had hold the post of Vice President and Chairman of Caterpillar since 1997 to 2010, President of AlcoaInc since 2011 to 2013, President of SKF China since 2013 to now. None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.”

Mrs Fang Bo，Ms Fang Bo, was born in June 1972. Bachelor degree. She has served as auditor in PWC Accountant Firm since 1994. She joined the SKF(China) Investment Co.Ltd in 1997, used to be finance manager in its subsidiary company, finance director in the SKF(China) Investment Co.Ltd. Now she occupies the finance manager of SKF(China) Investment Co., Ltd and SKF() Investment and Consultation Co.Ltd, and capital deparment manager in SKF China region. 3500 shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.”

II.The independent director candidates

4 Short title:WaZhou B Code：200706 No.: 2013-09 Mr.Wu Chunyou, was born in December 1945,master, Professor.Now work as the dean of Management Academy of Dalian Science & Engineering University, the Committeeman of Management Teaching Guiding committee of national education Department, chairman of University Value Researching committee of China, DaLian Enterprise Management Consulting and Researching Committee, the concurrent post of independent director of Liaohe Jinma Oil Field Company Limited. None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.”

Mr. Liu Yuping, was born in August 1956. He is a professor with PH.D.. After graduation, he has been teaching at Law school of Dongbei University of Finance and Economics. Now he assumed as director of Law school teaching department of University of Finance and Economics and pluralizes the following duties: Committee of Dalian Arbitration Committee, arbitrator; Lawyer of Zhenghe Law Firm; Law counselor of Liaoning Dafeng Real Estate Company, Liaoning Wuhuan Import and Export Company, Economic and Technological Development Company founded by Dongbei University of Finance and Economics; Vice president of Liaoning Institute of Constitutional and Administrative Law. He has abundant knowledge of law. Now he held the position of the independent director in the company. None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.”

Mrs.Zhangli, was born in March 16,2013, economic bachelor, Professor of Accountant, Master Guider, work as a teacher in Jiang Su university of science and engineering management department since August 1983, currently holds the post of Professor at Dalian Communication university, specially engaged professor at Dalian enterpriser market and Dalian manager united association. Hold part-time job as vice economist of Dalian Shantai Technology company limited, financial consultant of Dalian first clothes factory, associate professor in Dalian enterprise manage cadre training leading team, holding the post of teacher at Dalian Profession & Technology College. currently holds the post of independent director at harbor Co., Ltd. None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.”

Mr.Sun Guangguo, was born in 1971, manager doctor, professor. Since 1998, worked in the northeast university of finance and economics accounting college. successively in northeast university 5 Short title:WaZhou B Code：200706 No.: 2013-09 of finance and the financial and accounting research center, deputy director, deputy director of the institute of accounting, internal control and risk management research center, deputy director, etc. The committee member of Chinese accounting association accounting standard for business enterprises, the secretary general of the China institute of financial cost accounting and accounting association executive director of Liaoning province. Elected into the project of “Treasury leading (backup) talent " by national accounting. Now work as Vice President of the institute of northeast university of finance and accounting, independent director in Dalian Shengya travelling Co., Ltd. None of shares held. No punishment and penalty made by CSRC, other departments or Securities stock exchange, has suffered before He possesses the qualification for the director candidate, and conforms to the regulations stipulated by the “Company Law.”

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