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An announcement from Weichai Power Co ( (HK:2338) ) is now available.
Weichai Power Co., Ltd. has announced the resignation of independent non-executive director Zhao Fuquan, who is also stepping down from the company’s audit and remuneration committees due to personal work arrangements, with the board emphasizing that there is no disagreement or issue requiring shareholder attention. To fill the vacancy, the board has nominated human resources specialist Zhang Weili as a new independent non-executive director, subject to approval at an extraordinary general meeting, with a term running to the end of 2026 and an annual allowance of RMB200,000, signaling a continued focus on board independence and professional expertise in corporate governance.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
More about Weichai Power Co
Weichai Power Co., Ltd. is a Chinese joint stock limited company listed in Hong Kong, operating through a group structure and focused on manufacturing and related industrial activities, with corporate governance overseen by a board that includes independent non-executive directors and specialized committees such as audit and remuneration.
Average Trading Volume: 17,666,860
Technical Sentiment Signal: Buy
Current Market Cap: HK$170B
For detailed information about 2338 stock, go to TipRanks’ Stock Analysis page.