SINOTRUK MAN and complete the transaction on strategic partnership

SINOTRUK MAN and complete the transaction on strategic partnership

(October 7, 2009, Hong Kong) Sinotruk (Hong Kong) Limited ("Sinotruk" or the "Company", HKEx: 3808) announced today that it and MAN SE ("man"), the German industrial group advanced technology heavy trucks in an agreement signed a strategic partnership 15 Completed in July, after receiving competent authorities of the People's Republic of China and the passage of regulatory procedures.

The strategic partnership between man and Sinotruk offers coverage of convertible bonds, technology licensing, acquisition and implementation of cooperation projects.

Under the terms of the agreement provide Sinotruk, rights and its subsidiary the exclusive right to use its technology in the People's Republic of vehicles and heavy-duty engines from China that produce enlarged European emission standards. Sinotruk, man will also cooperate in the production and sale of a sort of tip of the MAN heavy truck technology, which is the licensed technology. Moreover, if China National Heavy Duty Truck Group Company Limited ("CNHTC") retains its 51% stake in Sinotruk will control MAN subscription of convertible bonds can be converted into new shares of the Company. In addition, people will also buy existing shares of Sinotruk. After the conclusion of the contract and the full conversion of the convertible man hold a stake of 25% plus one share stake in Sinotruk. German industrial group as a whole? Issue of 560,000,000 shares in Sinotruk. After the agreement on exchange transactions are completed, Sinotruk and MAN are the production and distribution of technologically enhanced trucks and engines to the emission Euro V III, IV and standards. The two companies are also working on quality control and after-sales service.

Ma Chunji, chairman of Sinotruk, commented: "We are delighted that we have worked with the approval of the competent authorities of the People's Republic of China to our strategic partnership and is now able to complete the transaction on our agreements like this. the real beginning of our strategic partnership. We MAN accelerates a combination of technological strength and price advantage, and our cooperation in the creation of a distribution network and global sourcing. Our joint efforts will help us increase our market share, improve profitability and strengthen our respective strategic positions on the markets. "

H? Samuelson Kahn, CEO of MAN SE said: "China is an important market with high growth potential, we are pleased to be able to conclude this important partnership with Sinotruk in the country." .......

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