Weichai Power suspends the spin-off of Weichai Lovol to be listed on the GEM

Weichai Power, a leading automobile engine manufacturer, recently announced the suspension of its plan to spin off its subsidiary Weichai Lovol to GEM. This decision was made after full consideration of the market environment and other relevant factors. Weichai Power has been actively promoting the work related to the spin-off listing, including organizing intermediaries to conduct due diligence. Despite this suspension, the company will still be committed to coordinating the business development and capital operation planning of Weichai Lovol.