The board of directors of Sinotruk (Hong Kong) Limited announced that Mr. Liu Peimin ("Mr. Liu") has tendered his resignation as an executive Director, a member of the executive committee of the Company and a vice president of the Company with effect from 19 March 2021 due to change in work arrangements. Mr. Liu has confirmed that he has no disagreement with the Board, and there are no matters relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Mr. Li Shaohua has been appointed as an executive Director and a member of the Executive Committee with effect from 19 March 2021. Mr. Li Shaohua aged 55, is a senior engineer.