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					                            APRIL 21 2008




Sinotruk (Hong Kong) Limited
              Annual Result Presentation
We had an extraordinary year…
          Turnover grew by 67% to RMB 21.3 billion
              Sold 84,481 units of heavy trucks, an increase of 64%

              Truck sales grew by 67% to RMB 20.0 billion

              Exported 15,715 units of heavy trucks, an increase of 168%

              Export sales grew by 168% to RMB 4.2 billion, representing 20% of total turnover

          Gross profit rose by 74% to RMB 3.9 billion
              Gross margin improved from 17.5% in 2006 to 18.3% in 2007

          Net profit grew by 142% to RMB 1.1 billion¹
              Net margin improved from 3.6% in 2006 to 5.2% in 2007

          Domestic market share expanded to 20.8%
              We have become the #1 heavy truck manufacturer in China


              In recognition of the outstanding performance, the Board of Directors
                  announces dividends of HK$0.071per share to our shareholders
        ¹ Net profit refers net profit attributable to equity holders in the Company. 2006 adjusted figures exclude impacts from one-time actuarial gain of 180mm




                                                                                                                                                                    1
                                    Section




Agenda
Financial review
Operational review
Acquisition and integration
2008 outlook and development plan
Q&A
Rapid sales growth and overseas expansion
   Rapid sales growth
   Rapid sales growth                                  Export revenue and contribution
                                                       Export revenue and contribution
    (RMB mm)                                            Export revenue                    % of total revenue
                                                       (RMB mm)




                                          %




                                                                                                6%
                                       .8




                                                                                              7.
                                     66




                                                                                            16
                                                                                                     4,182




                                    =




                                                                                           =
                                    te
                                              21,297




                                                                                           te
                                 ra




                                                                                        ra
                             th
                                                                                                     19.6%




                                                                                   th
                            ow




                                                                                   ow
                          Gr




                                                                                 Gr
                          12,767                                                 12.2%
                                                                         11.5%
       10,164
                  9,114                                                           1,563

                                                                         1,052



                                                         1.0%
                                                           97


       2004       2005    2006                 2007        2004           2005    2006               2007




                                                                                                               3
Improved profitability
   Gross profit and gross margin
   Gross profit and gross margin                               Net profit and net margin¹
                                                               Net profit and net margin¹
    Gross profit (RMB mm)                   Gross margin (%)   Net profit (RMB mm)                                           Net margin (%)




                                                                                                                                 %
                                             %




                                                                                                                              .9
                                          .4




                                                                                                                            41
                                        74
                                                                                                                                     5.2%




                                                                                                                       =1
                                       =




                                                                                                                       te
                                       te




                                                                                                                    ra
                                    ra




                                                                                                                 th
                               th




                                                                                                               ow
                               ow




                                                                                                             Gr
                             Gr
                                                 18.3%                                                        3.6%
                             17.5%
                                                                     3.0%
       14.5%
                    12.4%                                                                                                            1,109
                                                 3,903



                             2,238                                                        0.9%
                                                                                                               458
       1,469
                    1,131                                             301

                                                                                           78

        2004         2005    2006                 2007               2004                 2005               2006                    2007
                                                                                                           adjusted

                                                               ¹ Net profit refers net profit attributable to equity holders in the Company
                                                               ² 2006 adjusted figures exclude impacts from one-time actuarial gain of 180mm




                                                                                                                                               4
Enhanced operating efficiency
   Inventory turnover days1
   Inventory turnover days1                                              Accounts receivable turnover days2
                                                                         Accounts receivable turnover days2



                                  107                                                 22
                                                                                                          20
                                                      89
                                                                                                                                                    17

               73                                                 72

                                                                                                                              12




              2004               2005                2006         2007               2004                2005                2006                   2007

   1   Inventory turnover days = (Average inventory/COGS) * 365          2   Accounts receivable turnover days = (Average receivable/sales) * 365




                                                                                                                                                           5
Increasing returns
   Return on total assets¹
   Return on total assets¹                                             Return on capital deployed²
                                                                       Return on capital deployed²


                                                                              15.0%

                                                                                                                        13.5%
                                                               5.7%

                                                                                                                                        11.2%

                                                        4.1%




            2.6%


                                                                                                    3.4%


                                  0.5%



            2004                 2005                   2006   2007            2004                 2005                2006            2007

   ¹ Return on total assets = net profit/total assets                 ² Return on capital deployed = EBIT/(total equity + total debt)




                                                                                                                                                6
Actual allocation of IPO proceeds and capital
expenditure plan
    Actual allocation of IPO proceeds
    Actual allocation of IPO proceeds                                 Historical capital expenditure
                                                                      Historical capital expenditure
   (HK$ mm)                                                           (RMB mm)
                                                                                                                               1,869
                                           Expanding
               General working               engine
                                         manufacturing                                                       1,163
                  capital, 943                                               963             975
                                         capacity, 1,200

                                                      Expanding
                                                 forging capacity,
   Repayment of                                            800
                                                                            2004             2005            2006              2007
   borrowings and
                                                   Expanding truck
   trade payables,
                                                      manufacturing
       2,898
                                                   capacity, 1,300

                                                                      Future capital expenditure
                                                                      Future capital expenditure
                                            Domestic and              (RMB mm)
                                           overseas market                           Truck          Engine           Others
                           Research &
                                              expansion,
                         development,
                                                1,057                              1,300
                                 1,233
                                                                                              40                       1,075
                                                                                                                                 100
                     Total = HK$9,430.1mm                                          790
                                                                                                                       605


                                                                                   470                                 370


                                                                                   2008                                2009




                                                                                                                                       7
                                    Section




Agenda
Financial review
Operational review
Acquisition and integration
2008 outlook and development plan
Q&A
Rapid growth of China’s heavy truck industry
   China heavy truck industry’s rapid development
   China heavy truck industry’s rapid development                        Growth rate of China’s heavy truck export exceeds
                                                                         Growth rate of China’s heavy truck export exceeds
   attributes to increasing Chinese macro economy
   attributes to increasing Chinese macro economy                        that of China’s automotive export
                                                                         that of China’s automotive export
   Sales volume                         GDP     Fixed asset investment   Heavy truck export                                        Automotive
   (000s unit)                                                 (RMBbn)   volume (unit)                                           export volume
           Heavy truck sales CAGR: 22.1%
                                                                                   04—07 Heavy truck export CAGR: 131%
           Fixed asset investment CAGR: 24.3%
                                                                                   04—07 Automotive export CAGR: 101%
           Average GDP growth rate: 14.5%
    600                                                       30,000
                                                                         28,000                                                      700,000

                                                       487                                                               25,200
    500                                                       25,000                                                                 600,000

                                                                         21,000
    400                                                       20,000                                                                 500,000
                                 354
                                                307                                                                                  400,000
    300                                                       15,000                                       12,841
                  248    256                                             14,000
                                          237
                                                                                                                                     300,000
    200                                                       10,000                            7,834
          147
                                                                                                                                     200,000
                                                                           7,000
    100                                                       5,000
                                                                                    2,057                                            100,000


      0                                                       0                0                                                     0
          2001    2002   2003    2004    2005   2006   2007                          2004       2005        2006          2007




                                                                                                                                                 9
Record sales volume
   Sales volume (unit)
   Sales volume (unit)                                Export volume and contribution (unit)
                                                      Export volume and contribution (unit)
                                                                                         Volume contribution




                                         %
                                       .8




                                                                                              8%
                                     63
                                             84,481




                                                                                            7.
                                                                                                      15,715




                                     =




                                                                                          16
                                    te
                                ra




                                                                                         =
                                                                                         te
                              th




                                                                                      ra
                            ow




                                                                                 th
                           Gr
                                                                                              18.6%




                                                                                 ow
                                                                               Gr
                           51,573
                                                                                11.4%
                                                                     10.8%
      43,216

                  35,378
                                                                                5,869


                                                                     3,817


                                                         0.5%

                                                          216


       2004        2005    2006               2007        2004       2005       2006                   2007




                                                                                                               10
Fastest growing heavy truck manufacturer
   Sales volume of major domestic heavy truck manufacturers (thousand)
   Sales volume of major domestic heavy truck manufacturers (thousand)
   140                     Sinotruk   First Auto   Dongfeng Motor   Shaanxi Auto   Beiqi Foton

   130

   120

   110

   100

    90

    80

    70

    60

    50

    40

    30

    20

    10

     0
             2003              2004                      2005                      2006          2007




                                                                                                        11
Continued expansion in market share
       Market share of domestic heavy truck manufacturers
       Market share of domestic heavy truck manufacturers




                         Others                                             Others           Dongfeng Motor
                                                Dongfeng Motor                                   18.0%
                         16.1%                                              19.2%
                                                    22.0%


           Beiqi Foton
              10.4%                                               Beiqi Foton
                                                                    11.0%                         First Auto
                                                     First Auto                                     19.0%
          Shaanxi Auto
              10.6%                                    21.3%
                                                                   Shaanxi Auto
                                                                       12.0%

                                  19.6% 1                                              20.8% 1




                                     2006                                            2007


                               We are now the largest heavy truck manufacturer in China!

   1   Market share represents Sinotruk Group



                                                                                                               12
                                    Section




Agenda
Financial review
Operational review
Acquisition and integration
2008 outlook and development plan
Q&A
Overview of acquisition of gearbox assets


                     Sinotruk Jinan Power Co., Ltd. (our wholly-owned
       Acquirer
                     subsidiary)


                     China National Heavy Duty Truck Group Co., Ltd. (our
        Seller
                     ultimate controlling shareholder)


                     Gearbox manufacturing facilities with a forecast
        Target       production capacity of 40,000 units p.a.



     Consideration   RMB 153.2 million in cash




     Closing date    Dec 31, 2007




                                                                            14
Strategic rationale of the acquisition

                           1        Further expand
                                   Further expand
                                    upstream; reduce
                                   upstream; reduce
                                    reliance on
                                   reliance on
                                    external suppliers
                                   external suppliers



                                                               Minimize
        2      Improve                                   4   Minimize
                                                               connected
             Improve
               profitability;                                connected
             profitability;                                    transactions;
               reduce production                             transactions;
             reduce production                                 improve arm’s
               costs                                         improve arm’s
             costs                                             length operation
                                                             length operation



                            3        Improve core
                                    Improve core
                                     competency &
                                    competency &
                                     product
                                    product
                                     competitiveness
                                    competitiveness




                                                                                  15
Most complete, integrated business model



                       Engines


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                             O
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                         HO
                                                    n   g
    Cabins                                                  Axles

                       Hu




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                                           aie
                           gh




                                        Sit
                              e




             Gearbox               Frames




                                                                    16
                                    Section




Agenda
Financial review
Operational review
Acquisition and integration
2008 outlook and development plan
Q&A
Further expanded capacity


     Sinotruk Jinan Commercial Truck completed its relocation and increased its annual
     production capacity to 50,000 units



     Sinotruk Jinan Truck Co., Ltd., expanded its capacity to 100,000 units through
     technological innovation




                    Total capacity of 150,000 units per year in 2008!




                                                                                         18
Engine products
   Sales revenue (RMB mm)
   Sales revenue (RMB mm)                                    Capacity expansion
                                                             Capacity expansion
                                                     %
                                                 1.1
                                          e= 7
                                   h   rat           5,327
                                wt
                             Gro
                            3,114
      1,609     1,414




      2004      2005        2006                   2007




      Relocated engine manufacturing facility in Hangzhou,
      boosting annual production capacity to 100,000 units

      Production capacity of the engine manufacturing facility in
      Zhangqiu expanded to 50,000 units as a result of
      technological upgrade



                                                                                  19
Impact of “China III” on 2008 domestic sales

    Chinese heavy truck industry will           An opportunity for Sinotruk
    remain upbeat
                                                  Our cutting-edge technologies and
      Chinese economy will continue to grow       lower-cost advantages will be
      steadily, the demand for heavy trucks       highlighted following the full
      will remain high                            enforcement of China III

      Despite the enforcement of China III
      emission standard, the price
      advantages of “quasi-heavy duty
      trucks” will remain in eclipse as a
      result of replacement needs



    Sinotruk will maintain healthy growth in sales volume in 2008

      With our cutting-edge technologies and lower-cost advantages, we will gain more
      market share amid enforcement of China III

      Our export competitiveness is highly anticipated in the long run with continuing
      strong growth


                                                                                         20
2008 growth strategies


     Strategically lay out the                            Continue to develop
    sales outlets and build an   4                    1   new technologies and
       ironclad sales network                             products


     Aggressively explore the                             Enhance operating
             overseas market     3                    2   efficiency and cost
                                                          competitiveness




   Our Vision:


                     A leading heavy truck manufacturer in the world




                                                                                 21
                      APRIL 21 2008




Sinotruk (Hong Kong) Limited
                            Q&A

				
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