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

Ballard Power (BLDP) major shareholder Weichai Power Hong Kong International Development completed the sale of 8,150,000 common shares between May 13–15, 2026, at an average price of Cdn$5.65, for total proceeds of Cdn$46,074,159.69.

Rhea-AI Summary

Ballard Power (BLDP) major shareholder Weichai Power Hong Kong International Development completed the sale of 8,150,000 common shares between May 13–15, 2026, at an average price of Cdn$5.65, for total proceeds of Cdn$46,074,159.69.

Weichai now holds 31,102,826 shares, about 10.32% of Ballard, and says its stake is for investment purposes. Future actions may include buying or selling more shares, entering a corporate transaction, or maintaining its current position.

Positive

• Weichai retains 31,102,826 BLDP shares, representing about 10.32% ownership
• Stake characterized as investment holdings, with flexibility for future additional purchases

Negative

• Disposition of 8,150,000 BLDP shares for Cdn$46.07M reduces Weichai’s prior stake
• Uncertain future ownership levels as Weichai may further sell or alter holdings

Market Context

This announcement details Weichai’s sale of 8,150,000 Ballard common shares, reducing its holdings t...

Analysis

This announcement details Weichai’s sale of 8,150,000 Ballard common shares, reducing its holdings to 31,102,826 shares, or 10.32% of the outstanding stock. The transaction follows earlier disclosed sales and board resignations linked to ownership thresholds. Combined with recent earnings and commercial wins, the update highlights an evolving relationship with a major shareholder. Investors may monitor future filings and early warning reports for additional stake changes.

Key Figures

Shares sold: 8,150,000 shares Average sale price: Cdn$5.65 per share Total disposition value: Cdn$46,074,159.69 +3 more

Shares sold

8,150,000 shares

Common shares disposed between May 13–15, 2026

Average sale price

Cdn$5.65 per share

Average price for disposed common shares

Total disposition value

Cdn$46,074,159.69

Aggregate proceeds from share disposition

Pre-sale holdings

39,252,826 shares

Weichai ownership before disposition

Post-sale holdings

31,102,826 shares

Weichai ownership after disposition

Post-sale ownership

10.32% of shares

Weichai percentage of issued and outstanding common shares

Historical Context

5 past events · Latest: May 14

5 events

1. May 14

   Board changes, stake cut

   24h Move

   +7.8%

   Weichai nominee directors resign after stake reduction below 15% threshold.

2. May 13

   Major holder sale

   24h Move

   -0.5%

   Weichai discloses sale of 6.88M shares, lowering ownership to about 13.02%.

3. May 06

   Commercial win

   24h Move

   -1.7%

   Wrightbus selects FCmove®‑SC engine for next‑gen hydrogen double‑deckers.

4. May 05

   Commercial win

   24h Move

   +10.4%

   Solaris picks FCmove®‑SC engine and extends long‑term service agreement to 2029.

5. May 05

   Earnings update

   24h Move

   +31.6%

   Q1 2026 results show higher revenue, improved margins, and lower operating expenses.

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

Key Terms

early warning report

1 terms

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 16, 2026) - Weichai Power Hong Kong International Development Co. Limited ("Weichai") announces that, through a series of transactions between May 13, 2026 and May 15, 2026, Weichai completed the disposition of an aggregate of 8,150,000 common shares (the "Common Shares") of Ballard Power Systems Inc. ("Ballard") for an average price of Cdn$5.65 per Common Share and a total disposition price of Cdn$46,074,159.69 (the "Disposition").

Immediately prior to the completion of the Disposition, Weichai owned a total of 39,252,826 Common Shares.

Immediately following the completion of the Disposition, Weichai owns a total of 31,102,826 Common Shares, representing approximately 10.32% 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.

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/297741

FAQ

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

How many Ballard Power (BLDP) shares did Weichai sell in May 2026?

Weichai sold 8,150,000 Ballard Power (BLDP) common shares between May 13 and 15, 2026. According to Weichai, the average price was Cdn$5.65 per share, totaling Cdn$46,074,159.69 in disposition proceeds.

What is Weichai’s remaining ownership in Ballard Power (BLDP) after the May 2026 sale?

After the disposition, Weichai owns 31,102,826 Ballard Power (BLDP) common shares. According to Weichai, this represents approximately 10.32% of Ballard’s issued and outstanding common shares, leaving Weichai as a significant shareholder.

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

Weichai sold its 8,150,000 Ballard Power (BLDP) shares at an average price of Cdn$5.65. According to Weichai, this generated a total disposition value of Cdn$46,074,159.69 over transactions from May 13 to May 15, 2026.

Why does Weichai hold Ballard Power (BLDP) shares after the May 2026 disposition?

Weichai holds its remaining Ballard Power (BLDP) shares for investment purposes. According to Weichai, it may buy additional shares, sell more holdings, pursue a corporate transaction involving Ballard, or simply maintain its current position.

What potential future actions did Weichai outline for its Ballard Power (BLDP) stake?

Weichai may buy more Ballard Power (BLDP) shares, sell further holdings, or pursue a corporate transaction. According to Weichai, options include mergers, reorganizations, liquidations, open-market trades, private sales, or continuing to hold its current stake.

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

Investors can access Weichai’s early warning report for Ballard Power (BLDP) on SEDAR+ under Ballard’s issuer profile. According to Weichai, the report is also available directly from the company via the contact information provided.