Weichai Power: Another 27 shareholders extend the lock regularly

Following the announcement of the lock-up period by the 5 promoters ' shareholders in late July, a further 27 shareholders pledged to extend the lock-up period today (000338). The company announced today that the controlling shareholder, Weichai Holding Group Co., Ltd., Weifang Investment company, Guangxi LiuGong Group Co., Ltd. and 24 natural person promoters have voluntarily made irrevocable undertaking: they will hold the limited conditions of sale of their shares from April 30, 2010 after the expiry of the three-year extension of the lock,　　That is, within 36 months from the expiry date of the sale of the restricted stock, it will not be traded through the securities trading system or otherwise transferred or entrusted to the management of the shares, nor will the Weichai power repurchase. At the same time, Weichai Holding Group Co., Ltd. promises,　　The company will increase its holdings of 15.9619 million shares unlimited conditions in the sale of shares from August 16, 2010 to lock, lock regular to April 30, 2013, restricted sale period, will not be listed through the securities trading system or in any other way to transfer or entrust others to manage the shares, nor by the Weichai power repurchase.　　According to the introduction, 24 natural person sponsors shareholder includes Weichai Power Chairman and Chief Executive Officer Tan Xuquang, director Xu Neu Yu, Sun Shaojun, Zhangquan, Liu Hua wins, supervisor Ding Jundong, Vice President Shand, Lutong, board secretary Tarini and other company directors and executives.　　Prior to this July 28, Weichai power promoter shareholder New holding, Fujian Longyan Engineering Machinery Group, Austria IVM technical Advice Vienna Co., Ltd., Shandong Province Enterprise Trusteeship Management Company, Zhuzhou state-owned Assets investment holding Group also extended the lock-up period of 3 years commitment to its restricted shares. However, the shares held by the five shareholders this July 29 were not included in the pledge. These include the 11.28 million shares held by the new Holdings, Fujian Longyan Project held 10.32 million shares, Zhuzhou state-owned group held 15.8945 million shares, Austria IVM held 4.3 million shares, Shandong Enterprise custody held 4.5 million shares and no additional commitments of the Deep Venture Group held all 34.4 million shares.　　There is information that, in the commitment soon after the Zhuzhou state-owned group on the reduction of its holdings of 15.8945 million Weifang diesel power lifting unit. The shareholders who made the pledge said that the extension of the lock on a regular basis is based on confidence in the company's future development. Weichai power not long ago the performance of the notice of the revised notice shows that the first half of this year is expected to achieve net profit of about 2.69 billion yuan to 3.25 billion yuan, an increase of 120% to 165%. The company said that the main reason for the performance exceeding expectations is that the market demand has climbed to produce two flourishing.