Weichai Power (02338) plans to repurchase and cancel 820,000 restricted shares.

Weichai Power (02338) announced that, due to job transfers, retirement, resignations, and other situations of 8 original incentive recipients in the current incentive plan, it has agreed to repurchase and cancel a total of 820,000 A shares of restricted stocks held by them that have been granted but not yet released from restriction. The company will also pay bank deposit interest to 6 of these individuals. The total amount for the repurchase of restricted stocks is approximately RMB 4.3066 million, along with corresponding bank deposit interest, which will be funded by the company's own funds.