Wafangdian Bearing Co Ltd

Wafangdian Bearing Company Limited, with the stock abbreviation Wazhou B and stock code 200706 on the Shenzhen Stock Exchange, announced that it has submitted an application for delisting to the Shenzhen Stock Exchange because its shareholding structure no longer meets listing conditions. Wazhou Group published a tender offer report on January 19, 2026, making a comprehensive offer to all shareholders other than the acquirer. By the expiry of the offer period on February 27, 2026, 1,459 shareholders had tendered their shares, totaling 54,524,555 unrestricted tradable public shares, and the tender offer took effect. After the transfer of the tendered shares was completed, the proportion of shares held by the public fell below 10 percent of the company's total shares, meaning the shareholding structure no longer met listing conditions. In accordance with the Securities Law and the Shenzhen Stock Exchange Stock Listing Rules, the company applied for delisting on this basis. The financial adviser Zhongtian Securities and the legal adviser Kangda Law Firm both believe that this voluntary delisting complies with relevant laws and regulations. The delisting of the company's shares still requires a decision from the Shenzhen Stock Exchange.