Weichai Power approves resolutions, elects director at key meetings

Weichai Power (HKEX:2338) announced the results of its extraordinary general meeting (EGM) and class meetings for A and H shareholders, all held on February 10, 2025. Shareholders approved all resolutions outlined in the EGM notices. Key resolutions included the repurchase and cancellation of restricted shares, cancellation of shares in designated accounts, authorization for matters related to repurchase and cancellation under the incentive scheme, and a change to the company's registered capital. The vote for each resolution exceeded the required two-thirds majority. Additionally, shareholders approved the election of Mr. Huang Weibiao as an executive director, effective from February 10, 2025, until the conclusion of the 2026 annual general meeting. The announcement confirmed that all directors attended either in person or via video/telephone conference.