Sinotruk Jinan Truck (03808): The direct controlling shareholder has been changed to China National Heavy Duty Truck Group Co., Ltd.

Sinotruk Jinan Truck (03808) announced that it received a notice from its indirect controlling shareholder, China National Heavy Duty Truck Group Co., Ltd. (Sinotruk Jinan Truck), on December 20, 2024. Sinotruk Jinan Truck entered into a conditional share transfer agreement with Sinotruk Jinan Truck (British Virgin Islands), a wholly-owned subsidiary of Sinotruk Jinan Truck, with 51% of the issued share capital, which involved the transfer of 51% of the issued share capital from Sinotruk Jinan Truck (British Virgin Islands) to Sinotruk Jinan Truck. The board has received further notification that the transfer of shares between Sinotruk Jinan Truck (British Virgin Islands) and Sinotruk Jinan Truck was completed on December 24, 2024. Therefore, as of December 24, 2024, Sinotruk Jinan Truck (British Virgin Islands) no longer holds any equity in the company, and Sinotruk Jinan Truck has become the direct holder of the transferred shares. As Sinotruk Jinan Truck continues to be the controlling shareholder of the company, the board believes that the completion of the share transfer will not have any significant impact on the group's financial position and operations.