Weichai Power completes share cancellation, reduces share capital

Weichai Power Co., Ltd. announced today the completion of the cancellation of 1,890,000 restricted A-shares and 8,995,525 treasury shares. The cancellation follows the company's 2023 A-share restricted stock incentive plan and a prior share repurchase program. The total repurchase cost for the restricted shares amounted to CNY10,707,807.60, sourced from the company's own funds. The purpose of treasury share cancellation was related to a three-year obligation following a previous share buyback program. As a result of this cancellation, Weichai Power’s total share capital has decreased by 10,885,525 shares, from 8,726,556,821 to 8,715,671,296 shares. The company stated that this action will not have a material impact on its financial standing or operations.