SINOTRUK Raises 2026 Procurement Cap to RMB11 Billion and Sets New Three-Year Connected-Transaction Limits with CNHTC & Strong Leasing

Bulletin Express03-27

SINOTRUK (Hong Kong) Limited announced two major moves on 27 March 2026:

1. Revised 2026 cap for purchases from controlling shareholder CNHTC • The ceiling under the 2024-2026 Purchase of Goods Agreement rises 47.65 % from RMB 7.45 billion to RMB 11.00 billion to meet higher export-driven demand, larger vehicle-modification orders and new procurement of battery assemblies.

2. Renewal of seven continuing connected-transaction agreements for 2027-2029 New annual caps (RMB) are as follows: • Purchase of Goods from CNHTC: 2027 – 12.00 billion; 2028 – 13.00 billion; 2029 – 13.50 billion. • Sale of Goods to CNHTC: 2027 – 6.00 billion; 2028 – 7.00 billion; 2029 – 8.00 billion. • Provision of Financial Services to CNHTC: loan balance caps at 3.00 billion, 3.50 billion, 3.70 billion; expected interest income caps at 105 million, 122.50 million, 129.50 million; entrustment-fee caps at 7 million, 8 million, 10 million. • Provision of General Services to CNHTC: 400 million per year. • Receipt of General Services from CNHTC: 400 million per year. • Provision of Interest Subsidies to Strong Leasing: 200 million, 210 million, 220 million. • Receipt of Guarantees from CNHTC: maximum day-end balances at 1.10 billion, 1.20 billion, 1.30 billion.

Regulatory treatment • Transactions whose annual percentage ratios exceed 5 %—namely the revised 2026 procurement cap and the 2027-2029 Purchase and Sale of Goods caps—require independent shareholders’ approval. • Five other agreements fall below the 5 % threshold and need only reporting, announcement and annual review. • CNHTC and its associates will abstain from voting at the forthcoming general meeting, and an independent board committee plus South China Capital Limited will advise minority shareholders.

Rationale Management cites sustained overseas sales growth, rising demand for vehicle modifications, and accelerating penetration of new-energy commercial vehicles as the main drivers for higher procurement needs, while stable long-term cooperation with CNHTC and Strong Leasing is expected to secure supply, streamline financing and support product sales.

A circular with full details and the meeting notice is slated for despatch on or about 29 May 2026.

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