Date: 2013-07-31

Xibei Bearing Received Financial Subsidy of 30.26 million RMB from Central Government

Xibei Bearing Co., Ltd. (000595) announced that the company received financial subsidy from Ningxia Finance Bureau on Jan. 4th, 2010 and the total amount is 30.26 million RMB. This subsidy came from the 80 million RMB central government budget which was used for assisting the capital construction expenditure and stimulating the domestic demand in Ningxia. The company will use the subsidy in the supporting bearing project for wind power generators.

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