Weichai Power (02338) announced that it held its fifth interim board of directors meeting on July 5th, 2024, and passed the proposal on exploring structured deposits, agreeing to carry out structured deposit business.

The investment amount is no more than 8 billion yuan. This amount will be valid for 12 months from the date of approval by the fifth interim board of directors in 2024 and can be used on a revolving basis.

The planned structured deposit business is a type of low-risk investment with guaranteed principle and floating income. As financial markets are greatly affected by macroeconomic factors, future related returns may be affected by market fluctuations; the company uses idle self-owned funds to carry out this business, and the liquidity impact risk is controllable.