Sinotruk Hong Kong : CHANGE OF EXECUTIVE DIRECTOR, MEMBER OF THE EXECUTIVE COMMITTEE, MEMBER OF THE STRATEGY AND INVESTMENT COMMITTEE AND THE FINANCIAL CONTROLLER OF THE GROUP

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SINOTRUK (HONG KONG) LIMITED

中 國 重 汽 (香 港) 有 限 公 司

(incorporated in Hong Kong with limited liability)

(Stock Code: 03808)

CHANGE OF EXECUTIVE DIRECTOR,

MEMBER OF THE EXECUTIVE COMMITTEE,

MEMBER OF THE STRATEGY AND INVESTMENT COMMITTEE

AND

THE FINANCIAL CONTROLLER OF THE GROUP

Resignation of Executive Director, Member of the Executive Committee,

Member of the Strategy and Investment Committee and the Financial Controller

of the Group

The board (the "Board") of directors (the "Directors") of Sinotruk (Hong Kong) Limited (the "Company", together with its subsidiaries, the "Group") announces that Ms. Qu Hongkun ("Ms. Qu") has tendered her resignation as an executive Director, a member of the executive committee of the Company (the "Executive Committee"), a member of the strategy and investment committee of the Company (the "Strategy and Investment Committee") and the financial controller of the Group with effect from 11 May 2021 due to change in work arrangements.

Ms. Qu has confirmed that she has no disagreement with the Board, and there are no matters relating to her resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude to Ms. Qu and acknowledge her great contribution to the Company during her tenure of service with the highest regard.

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Appointment of Executive Director, Member of the Executive Committee, Member of the Strategy and Investment Committee and the Financial Controller of the Group

The Board is pleased to announce that Ms. Li Xia has been appointed as an executive Director, a member of the Executive Committee, a member of the Strategy and Investment Committee and the financial controller of the Group with effect from 11 May 2021.

The biographical details of Ms. Li are set out below:

Ms. Li Xia (李霞) ("Ms. Li"), aged 41, is a senior accountant. She graduated from 山東經濟學院 (Shandong Economics University*) in the People's Republic of China (the "PRC") in July 2002 with a bachelor's degree majoring in accounting. She also obtained a master's degree in business administration from 青島科技大學 (Qingdao University of Science and Technology), the PRC in June 2019.

From July 2002 to January 2014, Ms. Li served as the general business manager and the assistant to the departmental head at the finance department of 濰柴動力股份有 限公司(Weichai Power Co., Ltd., the shares of which are listed on the main board of The Stock Exchange of Hong Kong Limited (stock code: 02338) and the Shenzhen Stock Exchange (stock code: 000338), "Weichai Power"). From February 2014 to April 2016, Ms. Li was the financial controller and concurrently the departmental head of the finance department of 濰柴重機股份有限公司 (Weichai Heavy-duty Machinery Co., Ltd.*, the shares of which are listed on the Shenzhen Stock Exchange (stock code: 000880)). From April 2016 to April 2021, Ms. Li held various managerial positions at Weichai Power including the departmental head of the finance department and the deputy financial controller. Since June 2018, Ms. Li has been serving as a director of 揚州亞星客車股份有限公司 (Yangzhou Yaxing Motor Coach Co., Ltd., the shares of which are listed on the Shanghai Stock Exchange (stock code: 600213)). Since April 2021, Ms. Li has been the head of the value engineering department of the Group and 中國重型汽車集團有限公司 (China National Heavy Duty Truck Group Company Limited, the controlling shareholder of the Company).

Ms. Li will enter into a service agreement with the Company for a fixed term of three years and will receive emoluments of approximately RMB672,400 per annum, subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Ms. Li's remuneration was determined by the Board after considering the recommendation of the remuneration committee of the Company, which was made with reference to the remuneration of all executive Directors and the proposed duties and responsibilities of Ms. Li. Ms. Li's remuneration will be subject to annual review and adjustment by the Board based on its year-end evaluation and assessment.

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Save as disclosed above, Ms. Li (i) has no other relationship with any directors, senior management or substantial shareholders or controlling shareholders (as defined respectively in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company, (ii) is not interested or deemed to be interested in shares or underlying shares of the Comapny within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), and (iii) does not hold any positions within the Company or other members of the Group and she has not been a director of any other listed companies in the past three years.

Ms. Li has not been involved in any of the events under Rule 13.51(2)(h) to (v) of the Listing Rules and there are no other matters in relation to the appointment of Ms. Li that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its warm welcome to Ms. Li for joining the Board.

By order of the Board

Sinotruk (Hong Kong) Limited

Cai Dong

Chairman of the Board

Ji'nan, the PRC, 11 May 2021

As at the date of this announcement, the Board of the Company consists of seven executive directors of the Company including Mr. Cai Dong, Mr. Liu Zhengtao, Mr. Liu Wei, Mr. Dai Lixin, Mr. Richard von Braunschweig, Mr. Li Shaohua and Ms. Li Xia; four non-executive Directors of the Company including Mr. Jiang Kui, Ms. Annette Danielski, Mr. Matthias Gründler and Dr. h.c. Andreas Tostmann; and six independent non-executive Directors of the Company including Dr. Lin Zhijun, Mr. Yang Weicheng, Dr. Wang Dengfeng, Mr. Zhao Hang, Mr. Liang Qing and Mr. Lyu Shousheng.

* For identification purposes only

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