Announcement on the Progress of Share Reform and the Official Approval of Weichai Power Co., Ltd.'s Merger with Xianghuoju Automobile Group Co., Ltd.
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Progress of the Company's Share Reform
On December 29, 2006, Xianghuoju Automobile Group Co., Ltd. held its second extraordinary general meeting of shareholders in 2006, where the following proposals were approved:
- Proposal on the share swap merger of Weichai Power Co., Ltd. with Xianghuoju Automobile Group Co., Ltd. and the share reform plan of Xianghuoju Automobile Group Co., Ltd.;
- Proposal on the merger agreement between Weichai Power Co., Ltd. and Xianghuoju Automobile Group Co., Ltd.;
- Proposal on authorizing the board of directors.