[ET Net News Agency, 18 January 2022] Sinotruk (Hong Kong) Limited (03808) said on 17
January 2022, Ji'nan Power, a wholly-owned subsidiary of the company, entered into the
capital contribution agreement with Weichai Lovol, Shantui Investment, Zhongtong Bus,
Weichai Power and the Target, pursuant to which, amongst other things, Ji'nan Power has
agreed to make capital contribution in the amount of RMB76,008,116.16 to the target. Upon
completion of the transactions contemplated under the capital contribution agreement, the
group will become a holder of 30% of the total equity interest in the target.
The target is Weichai Intelligent Technology Co., Ltd. It is principally engaged in the
design, development, consulting, transfer and promotion of intelligent driving assistance
and self-driving systems and related technologies. (RC)