China National Heavy Duty Truck Group Co., Ltd. spends 500 million yuan to acquire 40% of the shares of Heavy Oil Hi-Tech

On January 30, 2024, China National Heavy Duty Truck (Hong Kong) Co., Ltd. issued an announcement on "Connected Transaction - Sale of All Equity Held in Target". The announcement shows that Jinan Power, a wholly-owned subsidiary of China National Heavy Duty Truck (Hong Kong), entered into an equity transfer agreement with China National Heavy Duty Truck and the target to acquire all equity held by Jinan Power in the target at a price of RMB 505,374,000.