Weichai Power plans Lovol spin-off, A-share repurchase

** Weichai Power (HKEX: 2338) is seeking shareholder approval for a strategic overhaul. According to recent filings, the company intends to spin-off its subsidiary, Weichai Lovol Intelligent Agricultural Technology, for a separate listing on the Hong Kong Stock Exchange. Shareholders will vote on the proposed spin-off. To further enhance shareholder value, Weichai’s board has approved an A-share repurchase plan, allocating between RMB500 million and RMB1 billion to buy back shares through centralized price bidding, signalling confidence in the company's future prospects and a commitment to improving shareholder returns.