Weichai Power Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
On April 29, 2026, the Company held the seventh meeting of the seventh Board of Directors, which reviewed and approved the proposal on changing the use of part of the raised funds. The Company intends to reduce the investment amount for the "Full Series Hydraulic Powertrain and Large CVT Powertrain Industrialization Project" and increase the investment amount for the "Large Bore High-end Engine Construction Project" and permanently supplement working capital. This change in the use of part of the raised funds does not constitute a related party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." The proposal still needs to be submitted to the Company's shareholders' meeting for review. The relevant situation is announced as follows:
I. Overview of the Change in the Use of Raised Funds
(1) Basic Situation of the Raised Funds
According to the approval issued by the China Securities Regulatory Commission regarding the non-public issuance of shares by Weichai Power Co., Ltd. (Zheng Jian Xu Ke [2021] No. 1407), the Company issued no more than 793,387,389 new shares. The actual number of shares issued was 792,682,926, with a par value of RMB 1 per share and an issue price of RMB 16.40 per share, raising a total of RMB 12,999,999,986.40. After deducting the underwriting fees, auditing, and verification fees related to this issuance, totaling RMB 11,942,705.93 (excluding VAT), the actual net amount raised from this non-public issuance was RMB 12,988,057,280.47. The arrival of the above funds has been verified by Deloitte Huayong Certified Public Accountants (Special General Partnership) on May 11, 2021, and a verification report was issued. The Company has deposited all the raised funds in a special account for raised funds management and signed a raised funds supervision agreement with the sponsor and the commercial bank where the raised funds are deposited.
(2) Use of Raised Funds
As of March 31, 2026, the Company has actually used a total of RMB 905,359.34 million of the raised funds, with a remaining balance of RMB 481,314.23 million (including the income generated from purchased financial products and net bank deposit interest after deducting bank fees of RMB 87,867.83 million). The specific situation is as follows:
| Project Name | Intended Investment Amount | Amount Used as of March 31, 2026 |
|---|---|---|
| Fuel Cell Industry Chain Construction Project | 50,000.00 | 33,644.47 |
| Hydrogen Fuel Cell and Key Components Industrialization Project | 50,000.00 | 18,858.81 |
| Solid Oxide Fuel Cell and Key Components Industrialization Project | 100,000.00 | 62,396.19 |
| Full Series National VI and Above Emission Standard H Platform Road-use High-end Engine Project | 300,000.00 | 185,395.24 |
| H Platform Engine Intelligent Manufacturing Upgrade Project | 100,000.00 | 99,999.88 |
| Large Bore High-end Engine Industrialization Project | 124,000.00 | 103,911.46 |
| Full Series Hydraulic Powertrain and Large CVT Powertrain Industrialization Project | 300,000.00 | 166,401.83 |
| Permanent Supplement of Working Capital | 100,000.00 | 80,071.65 |
| Total | 1,300,000.00 | 905,359.34 |
Note: The above end balance data does not equal the sum of detailed values due to rounding.