[收购]瓦轴B(200706):收到要约收购报告书摘要暨股票复牌的提示性公告（英）
AnnouncementontheReceiptoftheSummaryofthe TakeoverOfferReportandtheResumptionofTrading. The Company and all members of the BOD guarantee that the informationdisclosedistrue,accurateandcompleted,andthattherearenofalserecords,misleadingstatementsormaterialomissions. SpecialNote: 1.WafangdianBearingCompanyLimited(hereinafterreferredtoasthe"Company",WazhouB)(Stockabbreviation:WazhouB,Stockcode:200706)TradingoftheshareswillresumefromthemarketopeningonThursday,December18,2025. 2.TheCompanyreceivedthe"SummaryoftheTakeoverOfferReportofWafangdianBearingCo.,LTD."(hereinafterreferredtoasthe"SummaryoftheTakeoverOfferReport")issuedregardingthistakeoverofferfromWafangdianBearingGroupCo.,LTD(hereinafterreferredtoas"WazhouGroup")onDecember17,2025,Thespecificdetailsarenowannouncedasfollows:(1) The entity undertaking this tender offer is Wazhou Group, The Group has initiated acomprehensivetenderofferaimedatterminatingthelistingstatusofWazhouB.(2)ThistakeoverOfferisafulloffermadetoallshareholdersofWazhouBotherthanWazhouGroup.ThenumberofsharessubjecttothetakeoverOfferis158,600,000shares,accountingfor39.39%ofthetotalsharesofthelistedcompany.Theofferpriceis2.86HongKongdollarspershare.I.TradingSuspensionMatter DuetothecontrollingshareholderWazhouGroup'splantoarrangeacomprehensivetakeoverOffer,andinordertoensurefairinformationdisclosure,avoidabnormalfluctuationsinthecompany'sstockprice, and protect the interests of investors, in accordance with the relevant provisions of theShenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 6 — TradingSuspensionandResumption,thecompanyappliedtotheShenzhenStockExchange.Consequently,thecompany'sstock(Stockabbreviation:WazhouB,Stockcode:200706)wassuspendedfromtradingstartingfromthemarketopeningonTuesday,December16,2025.Forspecificdetails,pleaserefer to the "Announcement Regarding Trading Suspension Due to Controlling Shareholder'sPlanningofaTakeoverOffer."(AnnouncementNo.:2025-036)releasedbythecompanyonJuchaoInformationNetwork(http://www.cninfo.com.cn)andSecuritiesTimesonDecember16,2025.II.OverviewoftheSummaryofthetakeoverOfferReport 1.BasicInformationoftheAcquirer
n recent years, impacted by factors such as the global economic recession and structuraladjustments,WazhouBhasincurredconsecutiveannuallosses,anditsoperationalconditionshavecontinued to deteriorate. Since the beginning of this year, the compounding effects of multipleadverse factors have further constrained the company's operations, while its financial risks areexpectedtoincreasesteadily.Shouldthissituationpersist,thecompany'soperationalrisksareboundtointensify.Takingallthesefactorsintoconsideration,WafangdianBearingGroup,asthecontrollingshareholderofWazhouB,hasdecidedtoinitiateacomprehensivetenderoffertoallcirculatingshareholderswiththeobjectiveofterminatingthelistingstatusofWazhouB.ThismoveaimstofullyprotecttheinterestsofWazhouB'sshareholdersandreflecttheresponsibilityandcommitmentofastate-ownedenterprise. 3.Decision-MakingandApprovalProceduresCompletedforThisTransactionOn November 17, 2025, the Wazhou Group Party Committee decided to initiate the voluntarydelisting process for Wazhou B, which was submitted to Dalian SASAC(State-owned AssetsSupervisionandAdministrationCommissionofDalianMunicipalPeople'sGovernment)byDalianHeavyIndustryEquipmentGroupCo.,LTDandreceivedapprovalonNovember25.OnDecember16,2025,theWazhouGroupBoardofDirectorsreviewedandpassedtheresolutiontoapprovethelaunchofthistakeoverOffer,authorizingtheChairmantosigntheSummaryofthetakeoverOfferReport. 4. Whether the Acquirer Plans to Further Increase Its Holdings in the Listed Company’sSharesWithintheNextTwelveMonths Asofthedateofsigningthisreport,apartfromthistakeoverOfferandtheplantoacquiretheremainingsharesfromshareholdersintendingtosell,theacquirercurrentlyhasnoplanstofurtherincreaseitsholdingsinthelistedcompany’sshareswithinthenext12months.Shouldanyrelevantchangesinequityoccurinthefuture,theacquirerwillstrictlycomplywithrelevantregulationstofulfillitsinformationdisclosureobligations. 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 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/).TheaboveonlyrepresentspartofthecontentofthistakeoverOffer.Fordetails,pleaserefertothe"SummaryoftheTakeoverOfferReportofWafangdianBearingCo.,LTD."disclosedontheJuchaoInformation Network (http://www.cninfo.com.cn) and the SecuritiesTimes.As of the date of thisannouncement,thistakeoverOfferhasnotyettakeneffectandstillcarriescertainuncertainties.AllinformationoftheCompanyshallbebasedontheannouncementspublishedintheaforementioneddesignatedmedia.Investorsarekindlyadvisedtoinvestrationallyandbemindfuloftherisks.IV.ReferenceDocuments 1.SummaryoftheTakeoverOfferReportofWafangdianBearingCo.,LTD.Herebynotify Boardofdirectorsof WafangdianbearingCompanylimited December17,2025 中财网
 |