Weichai Power Co.,Ltd. (02338.HK) proposed to repurchase and cancel some restricted shares under the restricted stock incentive plan for Class A shares.

Wisdom Financial News App News, Weichai Power (02338.HK) announced that on August 8, 2025, due to job transfers and other circumstances stipulated in the incentive plan affecting six incentive targets, the board of directors has approved a recommendation to repurchase and cancel a total of 1.27 million shares of restricted stocks that have been granted but not yet released from restrictions by the incentive targets. The total amount of funds for repurchasing the related restricted shares is approximately RMB 6.67 million, plus the related accrued interest calculated based on the prevailing bank deposit rate at the same period. The funds will be disbursed from the company's internal resources.