Weichai Power completes cancellation of employee incentive shares

Weichai Power Co., Ltd. announced the completion of the cancellation of 2,090,000 A-share restricted shares. This action follows the departure of 14 original incentive recipients from the company due to work transfers, retirement, or resignation, as stipulated by the 2023 A-share Restricted Stock Incentive Plan (Draft). The total payment for the buyback amounted to RMB11,418,137.99, including bank deposit interest for 12 individuals, with funds sourced from the company's own capital.

The buyback price was RMB5.252 per share, with additional bank deposit interest paid to 12 individuals whose departure was due to work transfers or retirement. For the two individuals who resigned for personal reasons, the buyback price was solely RMB5.252 per share. Following the completion of the buyback and cancellation, the company's total share capital has decreased from 8,715,671,296 shares to 8,713,581,296 shares.

The company previously disclosed notifications to creditors on July 3, 2025, and August 9, 2025, and received no claims from creditors within the 45-day period. KPMG Huazhen LLP issued a capital verification report on September 23, 2025, confirming the reduction in registered capital and share capital.