FilingReader Intelligence

Weichai Power approves spinoff plan, share repurchase, faces setback

May 26, 2025 at 07:23 AM UTC•By FilingReader AI

Weichai Power (HKEX:2338) announced the results of its Extraordinary General Meeting (EGM) held on May 20, 2025, revealing shareholder approval for most proposed resolutions including the spinoff and listing of subsidiary Weichai Lovol Intelligent Agricultural Technology Co., Ltd. on the Hong Kong Stock Exchange's Main Board. Resolutions regarding the spinoff plan, its compliance with listing regulations, and safeguarding shareholder interests were all approved. Furthermore, the company received the go-ahead for an A-share repurchase plan.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

ANNOUNCEMENT OF RESULTS OF THE EXTRAORDINARY GENERAL MEETING, THE CLASS MEETING OF THE HOLDERS OF A SHARES AND THE CLASS MEETING OF THE HOLDERS OF H SHARES HELD ON 20 MAY 2025May 20, 2025 at 02:03 PM UTC

Supplementary Source Documents

(1) PROPOSED PAYMENT OF CASH DIVIDENDS, (2) TEMPORARY TERMINATION OF THE POSSIBLE SPIN-OFF AND SEPARATE LISTING OF THE SHARES OF TORCH TECHNOLOGY, (3) PROPOSED DISSOLUTION OF THE SUPERVISORY COMMITTEE AND PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND THE RULES OF PROCEDURE AND (4) NOTICE OF ANNUAL GENERAL MEETINGMay 22, 2025 at 11:46 AM UTC

SUPPLEMENTAL CIRCULAR TO THE AGM CIRCULAR - MAJOR AND CONTINUING CONNECTED TRANSACTIONSMay 22, 2025 at 11:49 AM UTC

Weichai Power

HKEX:2338•Hong Kong Exchange

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