Weichai Power Co., Ltd. — Capital/Financing Update 2009

May 11, 2009

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

V.S. INTERNATIONAL GROUP LIMITED 威鋮國際集團有限公司

(incorporated in the Cayman Islands with limited liability)

(stock code: 1002)

VARIATION OF TERM IN RELATION TO THE AGREEMENT IN RESPECT OF THE INVESTMENT

Reference is made to the announcement of the Company dated 20 June 2008 and the circular of the Company dated 11 July 2008, both in relation to the agreement dated 19 June 2008 entered into between the PRC Partner, Savoy and V.S. Resources in respect of the Investment.

On 11 May 2009, the shareholders of the Target entered into the Supplemental Agreement and Articles pursuant to which the due date for settlement of the Balance was extended from 31 December 2008 to 31 July 2009.

Reference is made to the announcement of V.S. International Group Limited (“ Company ”) dated 20 June 2008 and the circular (“ Circular ”) of the Company dated 11 July 2008, both in relation to the agreement (“ Agreement ”) dated 19 June 2008 entered into between the PRC Partner, Savoy and V.S. Resources in respect of the Investment. Unless otherwise defined, terms used in this announcement shall have the same meanings as those used in the Circular.

Pursuant to the Agreement, the Investment of RMB21,822,940 (equivalent to approximately HK$24,441,693) in cash shall be injected into the Target by V.S. Resources in the following manner: (i) within seven days from the date of approval by the relevant PRC regulatory authorities approving the changes of the Target regarding the Investment, an aggregate amount of RMB7,000,000 (equivalent to approximately HK$7,840,000) shall be paid; and (ii) prior to 31 December 2008, the balance of the Investment of RMB14,822,940 (equivalent to approximately HK$16,601,693) shall be paid.

As at the date of this announcement, RMB7,025,836 (equivalent to approximately HK$7,868,936) has been paid by V.S. Resources and RMB14,797,104 (equivalent to approximately HK$16,572,756) (“ Balance ”) remain as a balance outstanding.

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On 11 May 2009, resolutions were passed by the directors of the Target to approve an extension of the due date for settlement of the Balance from 31 December 2008 to 31 July 2009. The shareholders of the Target, namely, the PRC Partner, Savoy and V.S. Resources also entered into supplemental agreements (“ Supplemental Agreement and Articles ”) to amend the relevant provisions in the joint venture agreement and articles of the Target to extend the due date for settlement of the Balance from 31 December 2008 to 31 July 2009. The Supplemental Agreement and Articles shall become effective upon obtaining the approval from the PRC approving authorities.

The Board considers that extension of the due date for settlement of the Balance by V.S. Resources and the terms of the Supplemental Agreement and Articles are fair and reasonable and the Supplemental Agreement and Articles were negotiated on arm’s length basis by the shareholders of the Target and are in the best interests of the Company and the Shareholders.

Save as disclosed above, the Directors confirm that no other alteration has been made to the terms and conditions of the Agreement.

For the purpose of this announcement, unless otherwise specified, conversion of currency has been calculated using the following exchange rate:

RMB1.00 = HK$ 1.12

Such exchange rate has been used for the purposes of illustration only and does not constitute a representation that any amounts have been, could have been, or may be exchanged at such or any other rates.

By order of the Board V.S. International Group Limited Beh Kim Ling Chairman

Zhuhai, the PRC, 11 May 2009

As at the date of this announcement, the Board comprises the following members:

Executive directors: Independent non-executive directors: Mr. Beh Kim Ling Mr. Diong Tai Pew Mr. Gan Sem Yam Mr. Cheung Kwan Hung, Anthony Madam Gan Chu Cheng Mr. Tang Sim Cheow Mr. Zhang Pei Yu

Non-executive director: Mr. Gan Tiong Sia

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