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The latest update is out from Weichai Power Co ( (HK:2338) ).
Weichai Power has announced that executive director Sun Shaojun will resign from the board and from the company’s Strategic Development and Investment Committee with effect from 12 January 2026, citing age, and will no longer hold any position within the group. The company emphasizes that Sun has no disagreements with the board and that there are no matters related to his departure requiring shareholder attention, while the board formally thanks him for his contributions. In tandem, the board has proposed the appointment of Wang Yanlei, currently deputy general manager of Weichai Group Holdings and holding several leadership roles within affiliated companies, as a non-executive director, subject to approval at an extraordinary general meeting and serving through the 2026 annual meeting. Wang, who has extensive experience within the Weichai ecosystem but no recent public company directorships, has opted to waive his director’s allowance, signaling a continuity-oriented but cost-conscious refresh of board composition that preserves close alignment with the parent group’s management structure.
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 Chinese joint stock company listed in Hong Kong and forms part of the broader Weichai Group, which operates across heavy-duty machinery, engines, commercial vehicles and related industrial equipment. Through its various subsidiaries and affiliated entities, the group has a significant presence in powertrain systems, trucks, buses and special-purpose vehicles, serving both domestic and international markets.
YTD Price Performance: 10.88%
Average Trading Volume: 16,618,781
Technical Sentiment Signal: Buy
Current Market Cap: HK$179.2B
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