Movement Alert｜Weichai Power Rises 4.35% in Regular Trading, Controlling Shareholder Announces 200-400 Million Yuan A-Share Purchase Plan

On July 22, Weichai Power rose 4.35% in regular trading, trading at HKD 32.86/share, with turnover of HKD 144 million.

On the news front, controlling shareholder Weichai Holdings announced on July 21 a plan to purchase the company's A-shares via Shenzhen Stock Exchange centralized bidding within six months, with a total amount of no less than RMB 200 million and no more than RMB 400 million. Funding sources include a RMB 360 million special share purchase loan and self-owned funds. Weichai Holdings committed not to reduce its stake during the purchase period and the statutory restriction period. The plan sets no price range, with timing to be determined based on market conditions and the company's valuation. Following the announcement, the company's A-shares surged 9.3% on July 21.

Meanwhile, the company's independently developed WP15 in-cylinder direct-injection heavy-duty hydrogen internal combustion engine recently passed China Automotive Technology and Research Center's National VI emission certification, becoming the world's first heavy-duty hydrogen ICE to complete full core verification under National VI regulations, further reinforcing confidence in its clean energy transition.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)