Weichai Power adjusts restricted stock price, cancels shares, approves related transactions

Weichai Power Co., Ltd. has adjusted the repurchase price for its 2023 A-share restricted stock incentive plan from RMB 5.252 per share to RMB 4.894 per share. This adjustment follows the company's 2025 interim dividend distribution and aligns with the incentive plan's provisions for capital changes. The decision was approved during the company's seventh extraordinary board meeting on December 19, 2025.

Concurrently, Weichai Power will repurchase and cancel 1.1842 million A-share restricted shares from 34 incentive plan participants. This action is due to some participants failing to meet performance targets or experiencing personal changes preventing them from holding the shares. The total repurchased amount is approximately RMB 5.7955 million, sourced from the company's own funds. This repurchase will reduce the company's total share capital to 8,712,397,096 shares.

In a related move, Weichai Power's board approved daily continuing connected transactions with Shantui Construction Machinery Co., Ltd. and its affiliates for 2026 and 2027. These transactions, primarily for sales of diesel engines and components and purchases of excavators, are projected to be RMB 309.5 million and RMB 350 million for sales, and RMB 80 million annually for purchases. The company stated these transactions are normal business operations and priced fairly.