Sinotruk Hong Kong : VOLUNTARY ANNOUNCEMENT GRATUITOUS TRANSFER OF EQUITY INTEREST IN INDIRECT HOLDING COMPANY

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

VOLUNTARY ANNOUNCEMENT

GRATUITOUS TRANSFER OF EQUITY INTEREST IN

INDIRECT HOLDING COMPANY

This announcement is made by Sinotruk (Hong Kong) Limited (the "Company") on a voluntary basis.

Reference is made to the announcement of the Company dated 29 September 2019 (the "Announcement") with regard to, inter alia, the transfer by Ji'nan SASAC of 45% of the equity interest in CNHTC to SHIG for nil consideration (無償劃轉). Terms defined in the Announcement shall have the same meanings when used herein.

As disclosed in the Announcement, the completion of the Gratuitous Transfer is subject to the grant of the appropriate approval/clearance by the State Administration for Market Regulation of the PRC pursuant to the Anti-Monopoly Review Notification for Concentrations of Undertakings (經營者集中反壟斷審查申報) and the grant of a waiver by the CSRC to SHIG for making a general offer for shares of Sinotruk Ji'nan Truck Co., Ltd. (the "Waiver").

On 13 December 2019, the Company received 《關於收到國家市場監督管理總局

《經營者集中反壟斷審查不予禁止決定書》的通知》 (Notice on Receipt of the State Administration for Market Regulation of the PRC regarding "Decision on Prohibition of Anti-monopoly Review Notification for Concentrations of Undertakings"

1

*) (the "Notice of No Objection") from CNHTC which states that the State Administration for Market Regulation of the PRC has granted the relevant approval/clearance pursuant to the Anti-Monopoly Review Notification for Concentrations of Undertakings (經營者集中反壟斷審查申報). As stated in the Notice of No Objection, the review of the application for the Waiver by the SCRC is still on-going.

The Company will issue further announcement(s) based on the progress of the Gratuitous Transfer as and when necessary.

Holders of the Company's shares and securities and potential investors are advised to exercise caution when dealing in the shares and securities of the Company.

By order of the Board

Sinotruk (Hong Kong) Limited

Cai Dong

Chairman of the Board and President

Ji'nan, PRC, 13 December 2019

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. Wang Shanpo, Mr. Liu Wei, Mr. Liu Peimin, Mr. Dai Lixin, Mr. Sun Chenglong and Mr. Richard von Braunschweig; four non-executive directors of the Company including Mr. Andreas Hermann Renschler, Mr. Joachim Gerhard Drees, Mr. Jiang Kui and Ms. Annette Danielski; 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 purpose only

2