Weichai Power secures CNY900m loan for share repurchase

Weichai Power (SZSE:000338) announced that it has secured a CNY900 million loan commitment from the National Development Bank of China's Shandong branch, specifically for its A-share repurchase program. The loan has a term of three years. This financial backing supports Weichai Power's previously announced repurchase plan, approved on April 29, 2025, which allows the company to buy back shares worth between CNY500 million and CNY1 billion at a price not exceeding CNY23.57 per share. The company intends to use the repurchased shares for cancellation, reducing the company's registered capital. The repurchase period extends for 12 months from the shareholder meeting approval date. Weichai Power will execute the repurchase based on market conditions and will disclose progress in accordance with regulations.