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 announcements of the Company dated 29 September 2019 and 13 December 2019 respectively (together the "Previous Announcements") 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 Previous Announcements shall have the same meanings when used herein.

On 20 December 2019, the Company received《關於收到中國證券監督管理委員會

《關於核准豁免山東重工集團有限公司及其一致行動人要約收購中國重汽集團

濟南卡車股份有限公司股份義務的批覆》的通知》(Notice on Receipt of the Determination from the China Securities Regulatory Commission regarding the approval of the waiver of Shandong Heavy Industry Group Co., Ltd. and its concert parties from their obligation to make an offer for the shares of Sinotruk Ji'nan Truck Co., Ltd.*) from CNHTC which states that the CSRC had granted the approval for waiver of the obligation of SHIG (and its concert parties) to make a general offer for the shares of Sinotruk Ji'nan Truck Co., Ltd.

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As all the relevant regulatory requirements relating to the Gratuitous Transfer had

been fulfilled, the Board was informed that the parties to the Gratuitous Transfer

Agreement would proceed to implement the Gratuitous Transfer as soon as practicable.

The Company will issue further announcement(s) based upon completion of the

Gratuitous Transfer.

By order of the Board

Sinotruk (Hong Kong) Limited

Cai Dong

Chairman of the Board and President

Ji'nan, PRC, 20 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

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