Chairman of Weichai Power, Ma Canghai, proposed to allocate 500-1 billion yuan for repurchasing.

Weichai Power (000338.SZ) announcement, the company's chairman Ma Changhai proposed to repurchase part of the company's shares, with a total amount of 5-10 billion yuan for the share repurchase. The repurchase period is within 12 months from the date of approval of the share repurchase plan by the company's shareholders' meeting.