Weichai Power (02338): The controlling shareholder, Weichai Group, plans to increase its holdings of the company's A shares.

Weichai Power (02338) announced that the company's controlling shareholder, Weichai Holding Group Co., Ltd. (Weichai Group), plans to increase its holdings of the company's A shares through centralized bidding trading using special loans for increase holdings and its own funds within 6 months from the date of this announcement. The amount of the increase shall not be less than RMB 200 million and not more than RMB 400 million. This increase plan does not set a price range, Weichai Group will implement the increase plan at an opportune time based on the overall trend of the capital market and a reasonable judgment of the company's stock value.