Sinotruk renews key agreements with CNHTC and Weichai

Sinotruk (Hong Kong) Limited has renewed its 2028 Finance Lease and Guarantee Agreement with CNHTC for a three-year term, from January 1, 2026, to December 31, 2028. This agreement, which involves finance lease services and guarantees for repurchasing leased products, has new annual caps set at RMB220,000 for 2026, RMB120,000 for 2027, and RMB60,000 for 2028. These transactions are subject to reporting, announcement, and annual review requirements, but are exempt from independent shareholder approval as they constitute less than 5% of the highest percentage ratio.

Concurrently, Sinotruk renewed its 2026 Weichai Parts Purchase Agreement with Weichai Holdings for a one-year term, effective from January 1, 2026, to December 31, 2026. This agreement covers the purchase of raw materials, parts, and components. The proposed new cap for this transaction for the year ending December 31, 2026, is RMB21,000m. This renewal requires independent shareholder approval, reporting, announcement, and annual review due to its percentage ratio exceeding 5%. A circular detailing this transaction will be dispatched to shareholders by November 28, 2025, with SHIG and its associates abstaining from voting.