Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc

Weichai Power Hong Kong International Development disclosed the sale of 6,878,886 Ballard Power (NASDAQ:BLDP) common shares between May 8–12, 2026 at an average price of Cdn$5.78, for about Cdn$39.74 million.

Rhea-AI Summary

Weichai Power Hong Kong International Development disclosed the sale of 6,878,886 Ballard Power (NASDAQ:BLDP) common shares between May 8–12, 2026 at an average price of Cdn$5.78, for about Cdn$39.74 million.

Weichai now holds 39,252,826 shares, or roughly 13.02% of Ballard’s outstanding common shares.

Positive

• Weichai still holds 39,252,826 Ballard shares, about 13.02% ownership
• Block sale of 6.88 million shares may increase Ballard share liquidity

Negative

• Weichai’s Ballard stake reduced by 6,878,886 shares in recent transactions
• Ownership now about 13.02%, below 15% level tied to board nomination rights

Argus May 13 session

-0.48% close to close Open Argus

Details

News Market Reaction – BLDP

In the May 13 session, BLDP declined 0.48%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement detailed Weichai’s disposition of 6,878,886 Ballard common shares at an average of...

Analysis

This announcement detailed Weichai’s disposition of 6,878,886 Ballard common shares at an average of Cdn$5.78, for total proceeds of about Cdn$39.7M, leaving it with 39,252,826 shares, or 13.02% ownership. The stake moved below the 15% threshold tied to board nomination rights under an investor rights agreement. Investors may monitor any future changes in Weichai’s holdings and related governance or strategic disclosures.

Key Figures

Shares disposed: 6,878,886 shares Average sale price: Cdn$5.78 per share Total disposition value: Cdn$39,737,594.05 +5 more

Shares disposed

6,878,886 shares

Common shares sold between May 8–12, 2026

Average sale price

Cdn$5.78 per share

Average price for disposed common shares

Total disposition value

Cdn$39,737,594.05

Aggregate proceeds from Weichai share sale

Pre-sale holdings

46,131,712 shares

Weichai common shares before disposition

Post-sale holdings

39,252,826 shares

Weichai common shares after disposition

Ownership percentage

13.02%

Post-disposition stake in issued and outstanding shares

Board rights threshold

15% ownership

Minimum stake for two board nominee rights under investor agreement

Investor rights dates

Nov 13, 2018 / Apr 8, 2020

Original and amended investor rights agreement dates

Historical Context

5 past events · Latest: May 06

5 events

1. May 06

   Hydrogen bus contract

   24h Move

   -1.7%

   Wrightbus selected FCmove®‑SC engines for Gen 3.0 hydrogen buses.

2. May 05

   Hydrogen bus contract

   24h Move

   +10.4%

   Solaris chose FCmove®‑SC and extended service agreement to 2029.

3. May 05

   Q1 2026 earnings

   24h Move

   +31.6%

   Revenue growth, margin improvement and lower operating expenses in Q1.

4. Apr 13

   Leadership change

   24h Move

   -3.9%

   Appointment of new COO with extensive operations experience.

5. Apr 07

   Earnings call notice

   24h Move

   +8.3%

   Announcement of Q1 2026 results conference call details.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

investor rights agreement, early warning report

2 terms

investor rights agreement regulatory

"Pursuant to an investor rights agreement, dated as of November 13, 2018, and amended..."

A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.

early warning report regulatory

"A copy of the early warning report relating to the Common Shares will be available..."

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Hong Kong, China--(Newsfile Corp. - May 13, 2026) - Weichai Power Hong Kong International Development Co. Limited ("Weichai") announces that, through a series of transactions between May 8, 2026 and May 12, 2026, Weichai completed the disposition of an aggregate of 6,878,886 common shares (the "Common Shares") of Ballard Power Systems Inc. ("Ballard") for an average price of Cdn$5.78 per Common Share and a total disposition price of Cdn$39,737,594.05 (the "Disposition").

Immediately prior to the completion of the Disposition, Weichai owned a total of 46,131,712 Common Shares.

Immediately following the completion of the Disposition, Weichai owns a total of 39,252,826 Common Shares, representing approximately 13.02% of the issued and outstanding Common Shares.

All of the securities held by Weichai in Ballard, including the Common Shares, are being held for investment purposes. Weichai may in the future take such actions in respect of its securityholdings in Ballard as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Ballard through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Ballard, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Weichai may continue to hold its current positions.

Pursuant to an investor rights agreement, dated as of November 13, 2018, and amended and restated on April 8, 2020, between Weichai and Ballard, in the event that Weichai or a designated affiliate holds at least 15% of the issued and outstanding Common Shares, Weichai is entitled to nominate two persons for appointment or election to the board of directors of Ballard.

A copy of the early warning report relating to the Common Shares will be available under Ballard's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting Weichai at the contact information below.

For further information, please contact:

Hu Yunyun
+00852 2295 3686
huyy@weichai.com.hk

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297302

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Weichai announce about its Ballard Power (BLDP) shareholding on May 13, 2026?

Weichai announced it sold 6,878,886 Ballard Power common shares in recent transactions. According to Weichai, these sales occurred between May 8 and May 12, 2026, and were completed at an average price of Cdn$5.78 per share for total proceeds near Cdn$39.74 million.

How many Ballard Power (BLDP) shares does Weichai hold after the May 2026 sales?

Following the disposition, Weichai holds 39,252,826 Ballard common shares. According to Weichai, this post-transaction position represents approximately 13.02% of Ballard’s issued and outstanding common shares, down from 46,131,712 shares held immediately before the series of May 2026 transactions.

At what average price did Weichai sell its Ballard Power (BLDP) shares in May 2026?

Weichai reports an average sale price of Cdn$5.78 per Ballard share. According to Weichai, the aggregate disposition of 6,878,886 common shares generated a total consideration of approximately Cdn$39,737,594.05 during transactions executed from May 8 to May 12, 2026.

What does Weichai’s reduced 13.02% stake mean for Ballard Power (BLDP) board nomination rights?

The investor rights agreement links two board nominations to at least 15% ownership. According to the agreement terms described by Weichai, that entitlement applies when Weichai or an affiliate holds at least 15% of outstanding shares, while its current reported ownership is about 13.02%.

Why did Weichai sell Ballard Power (BLDP) shares and what are its future plans?

Weichai characterizes its Ballard holdings as being for investment purposes. According to Weichai, it may in future buy additional shares, engage in corporate transactions, sell more shares in the market or privately, or simply maintain its current investment position depending on market conditions.

Where can investors find Weichai’s early warning report on its Ballard Power (BLDP) share sale?

The early warning report will be available on SEDAR+ under Ballard’s profile. According to Weichai, investors can access it via www.sedarplus.ca and may also request a copy directly from Weichai using the contact details provided in the announcement.

What is the investor rights agreement mentioned in relation to Weichai’s Ballard Power (BLDP) stake?

The investor rights agreement sets conditions for Weichai’s governance rights at Ballard. According to Weichai, when it or a designated affiliate holds at least 15% of outstanding shares, it is entitled to nominate two individuals to Ballard’s board of directors.