Weichai Power (02338): Temporary suspension of possible spin-off.

Weichai Power (02338) announced that its controlling subsidiary, Weichai Torch Technology Co., Ltd. (Torch Technology), may be spun off and independently listed on the ChiNext board of the Shenzhen Stock Exchange. The company's board of directors hereby notifies shareholders and potential investors that, considering the current market environment and other factors, in order to coordinate the business development and capital operation planning of Torch Technology, the company has decided to temporarily suspend the potential spin-off on the ChiNext board after consulting with relevant parties and giving appropriate and cautious consideration. The board believes that temporarily suspending the potential spin-off will not have a substantial impact on the company, will not significantly affect the company's existing production and operation activities or financial condition, and will not hinder the implementation of the company's future strategic plans. The company will seek other capital operation paths based on market conditions and future business plans.