Weichai Power adjusts share repurchase price, cancels restricted shares

Weichai Power announced an adjustment to the repurchase price for restricted shares under its incentive scheme, from RMB5.252 to RMB4.894 per share, following a 2025 interim profit distribution plan. Concurrently, the board approved the repurchase and cancellation of 1,184,200 restricted shares from 34 incentive participants who did not meet unlocking conditions or experienced unusual movements. This repurchase, totaling approximately RMB579.55 ten thousand plus accrued interests, will be funded by the company's internal resources and will reduce issued shares.

On the same date, Weichai Power fulfilled the unlocking conditions for the first unlocking period of its restricted share incentive scheme. A total of 665 participants are eligible to unlock 2,194.98 ten thousand shares, representing approximately 0.25% of the company's current share capital. The performance appraisal results show that 639 participants achieved "Good" or above, with a 100% individual-level unlocking proportion.

Separately, Weichai Power's subsidiary, Weichai Lovol, entered into a new framework agreement with Huiyin Leasing, effective January 1, 2026, to provide guarantees for customer loans for product purchases. This continuing connected transaction has a new cap of RMB3.91 bn for the year ending December 31, 2026. Additionally, Mr. Zhao Fuquan resigned as an independent non-executive director, and Ms. Zhang Weili was nominated to succeed him.