Weichai Power (02338) Subsidiary to Launch Financial Leasing Business

Stock News12-19

Weichai Power (02338) announced that its subsidiary, Weichai Lovol Intelligent Agricultural Technology Co., Ltd. ("Weichai Lovol"), and its affiliates plan to collaborate with financial leasing companies, including Huiyin Financial Leasing Co., Ltd. and ICBC Thailand Leasing Co., Ltd., to accelerate capital recovery and mitigate operational risks.

These licensed leasing partners will provide financial leasing services and entrusted payment solutions to qualified, non-related clients with strong creditworthiness. Should clients default on leasing agreements, Weichai Lovol and its affiliates will assume repurchase guarantee obligations as stipulated in contracts.

The proposal was approved during Weichai Power’s seventh interim board meeting on December 19, 2025. Agreements authorize Weichai Lovol to provide guarantees up to RMB 4 billion (peak daily balance), effective from January 1 to December 31, 2026. Weichai Lovol’s management is empowered to execute related legal documents.

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