Weichai Power: intends to sell 38 shares of Shengrui Transmission to Sinotruk Group for 760 million

  Weichai Power announced on June 5 that the company intends to transfer 38% of the shares held by Shengrui Transmission Co., Ltd. to China National Heavy Duty Truck Group with a transfer price of 760 million.

  Since Sinotruk Group and the Company are controlled by the same actual controller Shandong Heavy Industry, and the chairman of the company Tan Xuguang serves as the chairman of Sinotruk Group, according to the relevant provisions of the Shenzhen Stock Exchange Listing Rules, this transaction constitutes an affiliated transaction, but does not constitute a material asset reorganization as stipulated in the Administrative Measures for Material Asset Reorganization of Listed Companies.