Sinotruk Jinan Truck Co. Ltd. provided earnings guidance for the first half year ended June 30, 2014. Based on the preliminary estimation of Ji'nan Truck, the unaudited net profit attributable to the equity holders of Ji'nan Truck for the six months ended 30 June 2014 which was prepared in accordance with the PRC Accounting Standards for Business Enterprises and Relevant Regulations is expected to be approximately RMB 277,000,000 to RMB 370,000,000, representing an increase of approximately 50% to 100% compared with its published unaudited net profit attributable to the equity holders in the amount of RMB 184,910,000 for the same period in 2013.

The increase in net profit is mainly attributable to, among other matters, (i) the implementation of more stringent cost controls; (ii) the reduction of scales of borrowing; (iii) optimization of its borrowing portfolio, and (iv) the growth of sales volume.