Weichai Power Co., Ltd. — M&A Activity 2006

Nov 13, 2006

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

==> picture [189 x 98] intentionally omitted <==

WEICHAI POWER CO., LTD.

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 2338)

VERY SUBSTANTIAL ACQUISITION INVOLVING A MERGER BY ABSORPTION OF TAGC AND

CONTINUING CONNECTED TRANSACTIONS

The Board refers to the circular (the ‘‘Circular’’) of Weichai Power Co., Ltd. (the ‘‘Company’’) dated 12 November 2006 in respect of, inter alia, a very substantial acquisition involving a merger by absorption of TAGC (as defined in the Circular). The capitalised words and terms used and not defined herein shall have the same meanings as those in the Circular.

It was stated in the section headed ‘‘Expected timetable’’ in the Circular that the expected dates of the TAGC Shareholders’ EGM and the TAGC Public Shareholders’ EGM are 8 January 2007. Further to TAGC’s discussions with the CSRC and the Shenzhen Stock Exchange, it was agreed that the TAGC Shareholders’ EGM and the TAGC Public Shareholders’ EGM will be held on 29 December 2006.

By order of the Board Tan Xuguang Chairman and CEO

Hong Kong, 13 November 2006

As at the date of this announcement, the executive directors of the Company are Mr. Tan Xuguang, Mr. Xu Xinyu, Mr. Sun Shaojun and Mr. Zhang Quan; the non-executive directors of the Company are Mr. Yeung Sai Hong, Mr. Yao Yu, Mr. Li San Yim, Mr. Liu Huisheng, Ms. Zhang Fusheng, Mr. Julius G. Kiss and Ms. Han Xiaoqun and Mr. Chen Xue Jian; and the independent non-executive directors of the Company are Mr. Zhang Xiaoyu, Mr. Koo Fook Sun, Louis and Mr. Fang Zhong Chang.

Please also refer to the published version of this announcement in South China Morning Post.

1