China National Heavy Duty Truck (Sinotruk) has released an official statement today to address recent media reports. The announcement came in response to articles published by the "Economic Observer" and other outlets on March 22, 2009, which discussed a potential capital restructuring of the company. The article highlighted several rumors, including possible mergers and reorganization efforts. According to the report, Sinotruk is reportedly exploring various domestic and international merger opportunities. The focus of these discussions appears to be on related industries, particularly bus companies and engineering machinery. One of the most advanced projects, involving the restructuring of bus operations, is expected to be officially announced by the end of the second quarter. Another point raised in the article was speculation about Zhongtong Bus, which is indirectly controlled by Sinotruk. It suggested that the company may have transferred premium assets from its passenger car and commercial vehicle divisions into Zhongtong Bus as part of a broader reorganization plan. Additionally, the article mentioned that Shandong Construction Machinery Group could also become a target for future restructuring efforts. However, after a thorough review, Sinotruk confirmed that all these claims are unfounded and not based on factual information. The company emphasized that it does not comment on speculative news or unverified reports. It encourages investors and stakeholders to rely on official announcements and verified sources for accurate updates regarding its business strategies and operations. This clarification aims to dispel any confusion and maintain transparency with the public and market participants.

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