Core Viewpoint - Weichai Power Co., Ltd. has announced the election of Mr. Wang Yanlei as a non-executive director, following the resignation of Mr. Sun Shaojun due to age reasons, ensuring continuity in the board's operations [21][22]. Group 1: Board Meeting Resolutions - The first temporary board meeting of 2026 was held on January 12, 2026, with all 13 directors present, and the election of Mr. Wang Yanlei as a non-executive director was unanimously approved [1][2]. - The decision to elect Mr. Wang Yanlei will be submitted for approval at the first temporary shareholders' meeting of 2026 [2]. Group 2: Shareholders' Meeting Notification - The first temporary shareholders' meeting is scheduled for January 30, 2026, with a combination of on-site and online voting [6][7]. - The record date for shareholders to attend the meeting is January 23, 2026, and shareholders can appoint proxies to attend and vote on their behalf [8][9]. Group 3: Mr. Wang Yanlei's Profile - Mr. Wang Yanlei, born in July 1969, holds a bachelor's degree and currently serves as the deputy general manager of Weichai Holding Group Co., Ltd. and chairman of Yangzhou Yaxing Bus Co., Ltd. [4]. - He has held various significant positions within the company and has no conflicts of interest with major shareholders or other board members [4].

Meeting Announcement - The company will hold its first extraordinary general meeting of shareholders for 2026 on January 30, 2026 [1] - The meeting will be convened by the board of directors and is in compliance with relevant laws and regulations [1][3] Meeting Details - The meeting will take place at 14:50 on January 30, 2026, with network voting available from 9:15 to 15:00 on the same day [2][6] - Shareholders must register by January 23, 2026, to be eligible to attend [3] Voting Process - The meeting will combine on-site voting and network voting [5] - Shareholders can appoint proxies to attend and vote on their behalf, with each share granting one vote [3][4] Agenda Items - The meeting will include the election of a non-executive director and an independent non-executive director, with separate counting for votes from minority investors [7] - The relevant proposals have been approved by previous board meetings and will be submitted for shareholder approval [7][25] Registration and Contact Information - Shareholders must provide identification and, if applicable, a power of attorney to attend the meeting [8] - Contact persons for the meeting are Wang Li and Wu Di, with provided phone numbers for inquiries [9]

Core Viewpoint - Smart manufacturing is identified as the core engine for high-quality development in the manufacturing industry, marking a significant transition from digitalization and networking to intelligent manufacturing in China [1][15]. Group 1: Overview of Smart Factories - The Ministry of Industry and Information Technology, along with five other departments, announced the first batch of 15 leading smart factories, covering key industries such as equipment manufacturing, raw materials, and electronic information [1][3]. - These leading factories represent the highest level of intelligent manufacturing in China and showcase a broad and deep development of smart manufacturing across various regions [1][3]. - The four-tier system for smart factory cultivation includes foundational, advanced, excellent, and leading levels, with specific requirements for each tier [3]. Group 2: Key Elements of Leading Smart Factories - To qualify as a leading smart factory, six key elements are required: industry leadership, AI technology application, innovative smart manufacturing models, performance leadership, replication leadership, and nurturing plans [3][5]. - Longfei Optical Fiber exemplifies an industry leader by integrating AI throughout its production process, achieving a pulling speed of 3,500 meters per minute with no human intervention [5][6]. - Weichai Power demonstrates performance leadership by reducing maintenance costs by 30% through its engine health management system, showcasing the effectiveness of its smart manufacturing practices [10]. Group 3: Future Manufacturing Models - The exploration of leading smart factories aims to create a flexible and efficient supply network capable of high customization and rapid iteration in production [8][16]. - Baosteel is innovating with AI-driven predictive manufacturing, moving away from traditional order-based production to proactively managing supply chains and production resources [11][13]. - The establishment of at least 1,200 AI scenarios and 25 benchmark production lines by Baosteel by 2027 reflects a commitment to integrating AI into manufacturing processes [13]. Group 4: Systemic Transformation in Manufacturing - The emergence of the first batch of leading smart factories signifies a systemic transformation in China's manufacturing sector, with a focus on technological breakthroughs, efficiency improvements, and green transitions [16]. - The experiences and models developed by these leading factories are expected to be replicable and promote the digital transformation of more manufacturing enterprises [16].

Core Viewpoint - Weichai Power (000338) announced the election of Mr. Wang Yanlei as a non-executive director during its first extraordinary board meeting of 2026 [1] Group 1 - Weichai Power held its first extraordinary board meeting of 2026 on January 12 [1] - The board approved the proposal to elect Mr. Wang Yanlei as a non-executive director [1]

(a joint stock limited company incorporated in the People's Republic of China with limited liability) （於中華人民共和國註冊成立之股份有限公司） (Stock Code 股份代號: 2338) 13 January 2026 Dear Registered Shareholder, Weichai Power Co., Ltd. (the "Company") – Notice of Publication of Circular and Proxy Form of Extraordinary General Meeting (the "Current Corporate Communications") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.weichaipower.com and the ...

(a joint stock limited company incorporated in the People's Republic of China with limited liability) （於中華人民共和國註冊成立之股份有限公司） (Stock Code 股份代號: 2338) 13 January 2026 濰柴動力股份有限公司 WEICHAI POWER CO., LTD. Dear Non-Registered Holder(Note 1) , Weichai Power Co., Ltd. (the "Company") – Notice of Publication of Circular of Extraordinary General Meeting (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www ...

乃 濰柴動力股份有限公司（「本公司」）H股╱A股 （附註3） 的登記持有人，茲委任 大會主持人或 （附註4） 地址為 為 本 人╱吾 等 的 代 理 人，代 表 本 人╱吾 等 出 席 本 公 司 謹 訂 於 二 零 二 六 年 一 月 三 十 日（星期五）下午二時五十 分假座中華人民共和國山東省濰坊市高新技術產業開發區福壽東街197號甲本公司會議室舉行的本公司臨 時股東會（及其任何續會）（「臨時股東會」），並行使所有法律、法規和本公司的公司章程賦予代理人關於臨 時 股 東 會 上 審 議 的 任 何 其 他 事 務 的 權 利。本 人╱吾 等 欲 本 人╱吾 等 的 代 理 人 按 下 列 指 示，就 下 列 將 於 臨 時 股東會上提呈的決議案投票，或倘無指示，則本人╱吾等的代理人可酌情投票。 | | 普通決議案 | （附註5） 贊成 | （附註5） 反 對 | （附註5） 棄 權 | | --- | --- | --- | --- | --- | | 1. | 審議及批准本公司日期為二零二六年一月十三日的 通函所載的山東重工擬議延期履行避免同業競爭 | | | | | | 承諾。 | | | | | 2 ...

Investment Rating - The investment rating for the automotive industry is "Positive" and maintained [9] Core Insights - The wholesale sales of passenger vehicles in Q4 2025 are expected to be approximately 8.76 million units, a year-on-year decrease of 1% but a quarter-on-quarter increase of 14%. The profitability in Q4 may show differentiation compared to the same period last year, with expectations for a quarter-on-quarter improvement [2][5] - The revenue from automotive parts is anticipated to grow steadily quarter-on-quarter, but profitability may face pressure due to factors such as raw material costs and exchange rates [2][5] - The wholesale sales of heavy trucks are projected to be 314,000 units in Q4 2025, representing a year-on-year increase of 43.6% and a quarter-on-quarter increase of 11.5% [2][5] - The overall sales of buses are expected to see a significant quarter-on-quarter increase during the peak season, with sales of large and medium buses reaching 44,000 units, a year-on-year increase of 8.8% and a quarter-on-quarter increase of 42.2% [2][5] - The total sales of motorcycles are estimated to be around 4.73 million units in Q4 2025, reflecting a year-on-year increase of 11.0% but a quarter-on-quarter decrease of 6.2% [2][6] Summary by Sections Passenger Vehicles - Q4 2025 wholesale sales are expected to be about 8.76 million units, down 1% year-on-year but up 14% quarter-on-quarter. New energy vehicle sales are projected at 4.84 million units, up 13% year-on-year and 21% quarter-on-quarter [5] Automotive Parts - Revenue is expected to grow steadily quarter-on-quarter, but profitability may be pressured by raw material and exchange rate factors [5] Heavy Trucks - Q4 2025 wholesale sales are projected at 314,000 units, with a year-on-year increase of 43.6% and a quarter-on-quarter increase of 11.5% [5] Buses - Large and medium bus sales are expected to reach 44,000 units in Q4 2025, with a year-on-year increase of 8.8% and a quarter-on-quarter increase of 42.2% [5] Motorcycles - Total motorcycle sales are estimated at 4.73 million units in Q4 2025, reflecting an 11.0% year-on-year increase but a 6.2% quarter-on-quarter decrease [6]

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 通 告 全 部或任何部份內容而產生或因依賴該等內容而引起的任何損失承擔任何責任。 承董事會命 濰柴動力股份有限公司 董事長 馬常海 香港，二零二六年一月十三日 濰柴動力股份有限公司 WEICHAI POWER CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2338） 濰柴動力股份有限公司臨時股東會通告 茲通告 濰柴動力股份有限公司（「本公司」）謹訂於二零二六年一月三十日下午二時 五十分，假座中國山東省濰坊市高新技術產業開發區福壽東街197號甲本公司會 議室舉行臨時股東會，以審議及酌情批准下列事項。除文義另有所指外，本通告 所用詞彙與本公司寄發予股東日期為二零二六年一月十三日的通函（「通 函」，本 通告構成其中之一部分）所界定者具有相同涵義。 作為普通決議案 香港中央證券登記有限公司 香 港 灣 仔 皇后大道東183號 合和中心17樓1712–1716號 舖 – 2 – (B) 凡有權出席臨時股東會並 ...

此乃要件 請即處理 閣下如 對本通函任何方面 有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券交易商、銀行經理、 律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓 所有名下的濰柴動力股份有限公司境外上市外資股（「H股」），應立即將本通函 送交買方或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理人，以便轉交買方或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部份內容而產生或因依賴該等內容 而引起的任何損失承擔任何責任。 本通函僅供參考，並不構成收購、購買或認購濰柴動力股份有限公司任何證券之邀請或要約。 濰柴動力股份有限公司 WEICHAI POWER CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2338） (1)山東重工擬議延期履行避免同業競爭承諾、 (2)建議選舉董事 及 (3)臨時股東會通告 董事會函件載於本通函第3至11頁。 本公司將於二零二六年一月三十日下午二時五十分假座中國山東省濰坊市高新技術產業開發區福壽 東 街197號甲本公司會議室召開臨時股東會，有關 ...