Independent opinions of independent directors on repurchasing A shares of the company
As an independent director of Weichai Power Co.Ltd(000338) (hereinafter referred to as “the company”), In accordance with the securities law of the people’s Republic of China, the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, the rules for independent directors of listed companies, the guidelines for the governance of listed companies and other relevant laws, regulations and normative documents, In combination with the articles of association and the working system of independent directors and other relevant provisions, we hereby express the opinions of independent directors on the repurchase of A-Shares of the company by the board of directors (hereinafter referred to as “this repurchase”):
1. This repurchase of the company complies with the company law, the securities law of the people’s Republic of China, the share repurchase rules of listed companies, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 9 – share repurchase and other relevant laws and regulations and the relevant provisions of the articles of association. The voting procedure of the meeting of the board of directors to consider the matter is legal and compliant.
2. The total amount of funds repurchased by the company this time does not exceed RMB 1.533 billion. The source of funds is its own funds, which will not have a significant impact on the company’s operation, finance and future development, and will not affect the company’s listing status.
3. The company’s repurchase is conducive to safeguarding the rights and interests of investors, further enhancing investor confidence, and is of great significance to continuously improve the company’s capital market image and promote the company’s sustainable development in the future.
To sum up, we believe that the repurchase of the company is legal, compliant and in line with the interests of the company and all shareholders. (there is no text on this page, which is the signature page of Weichai Power Co.Ltd(000338) independent director’s independent opinion on repurchase of A-Shares of the company) signature of independent director:
Li Hongwu Wen Daocai
Jiang Yan, Yu Zhuoping
Zhao Huifang
May 19, 2022
