FilingReader Intelligence

Weichai Power adjusts share repurchase price, cancels restricted shares

July 2, 2025 at 05:00 PM UTCBy FilingReader AI

Weichai Power Co., Ltd. (HKEX:2338) announced the adjustment of the repurchase price for restricted A shares under its incentive scheme from RMB5.599 to RMB5.252 per share, effective July 2, 2025. This adjustment follows the approval of the company's profit distribution plan, factoring in a cash dividend distribution. Simultaneously, the board has approved the repurchase and cancellation of 820,000 restricted shares held by eight incentive participants due to re-designation, retirement, or resignation. The total funding for the repurchase is estimated at approximately RMB4.3066 million plus accrued interest, sourced from internal company funds. Upon completion, the company's total issued shares will decrease to 8,714,851,296.

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

HKEX:2338Hong Kong Exchange

News Alerts

Get instant email alerts when Weichai Power publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →