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Weichai Power (02338.HK repurchased and canceled 21.924 million shares of restricted stock, involving approximately 107 million yuan.
Gelonghui, March 26 - Weichai Power (02338.HK) announced that on March 26, 2026, due to the failure to meet the performance assessment targets at the company level for the second lifting of restrictions, the board of directors has approved the proposal to repurchase and cancel a total of 21,924,000 restricted shares that were granted to incentive recipients but have not yet been lifted from restrictions corresponding to the second lifting period. The total amount of funds for repurchasing the related restricted shares is approximately RMB 107 million, which will be allocated from the company’s internal resources.