Weichai Power Board Secretary: Dai Lixin

As an important indicator to measure the quality of listed companies, the impact of corporate governance on corporate performance is fundamental and long-term. High-quality corporate governance is the foundation for ensuring the long-term development of listed companies.

Looking back, the sales revenue of Weichai Power quickly increased from less than 1.9 billion yuan at the time of its establishment to 33.1 billion yuan, and net profit increased from 130 million yuan to about 2 billion yuan, creating the industry's "Miracles of Wetwood" and "Wechat Mode". ". In the face of the unprecedented global financial crisis in 2008, the company made early warnings and actively responded to the correct decisions and leadership of the board of directors, which further enhanced its market position and industry advantages. All this must be attributed to the company's standardized, scientific, efficient, and rigorous governance.

(I) Perfect governance structure

When Weichai Power initiated its establishment, with the "three-three system" reform as an opportunity, taking into account the effective integration of corporate culture, technology, environmental protection, and sustainable development, the formation of domestic and foreign strategic partners, industry-leading customers, and senior management teams Multi-regional, multicultural equity structure.

Weichai Power also established a “three-storey-level” governance structure consisting of a general meeting of shareholders, the board of directors, the board of supervisors and senior management to ensure the company’s scientific decision-making and standardized operation. The Board of Directors has four special committees, namely, an audit committee, a nomination committee, a remuneration committee, and a strategic development and investment committee. Except for the Strategic Development and Investment Committee, more than half of the independent directors are members of the special committees.

In addition, Weichai Power also continuously revised and improved its corporate governance system in accordance with changes in domestic and foreign regulatory requirements and the company's actual situation.

(II) Standardized Information Disclosure

As an information communication channel between the company and its stakeholders, information disclosure is a mirror of corporate governance. Weichai Power's Board of Directors attaches great importance to information disclosure and always adheres to the principle of true, accurate, complete, and fair information disclosure. Based on the basic information disclosure obligations of listed companies, it actively discloses information and maximizes the protection of shareholders’ knowledge. The right to ensure the interests of the majority of shareholders.

(III) Quality investor relations

Weichai Power always upholds the equity culture of “create maximum returns for shareholders”, adheres to active, sophisticated, efficient, and interactive communication strategies, actively innovates investor service models, and through investor hotlines, investor research receptions, performance announcements, Analyst exchanges, reverse roadshows, online road shows, website feedback, and other all-round, multi-level communication methods, strengthen regular and irregular communication with investors, and guide the market to a reasonable understanding of the company's value.

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