Weichai Power Calls January 2026 EGM to Extend Non-Compete and Refresh Board

Weichai Power Co ( (HK:2338) ) has shared an update.

Weichai Power Co., Ltd. has convened an extraordinary general meeting for 30 January 2026 in Weifang, Shandong, where shareholders will vote on extending a non-competition undertaking by its controlling shareholder, Shandong Heavy Industry, and on board changes. The meeting will also consider the election of Zhang Weili as an independent non-executive director and Wang Yanlei as a non-executive director through to the end of 2026, moves that underscore ongoing efforts to manage potential conflicts of interest within the group structure and to refresh the company’s governance framework for the benefit of minority shareholders and other investors.

The most recent analyst rating on (HK:2338) stock is a Buy with a HK$21.00 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 PRC-incorporated joint stock company listed in Hong Kong and Shenzhen, engaged primarily in the manufacture and sale of powertrain systems and related equipment, serving industrial, commercial vehicle and machinery markets in China and overseas.

YTD Price Performance: 10.88%

Average Trading Volume: 16,618,781

Technical Sentiment Signal: Buy

Current Market Cap: HK$179.2B

For a thorough assessment of 2338 stock, go to TipRanks’ Stock Analysis page.