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On January 18, 2023, China National Heavy Duty Truck Group held a signing ceremony for the 2023 military order, announcing the 16 tough battles that must be won in 2023.

On February 21, 2023, the 2023 Partner Conference of China National Heavy Duty Truck Group with the theme of “Product-oriented, Intelligent-led, Win-win Future, and Create Value” was successfully held in Jinan, the Spring City.

On March 23, 2023, Diao Tongwu, an employee of China National Heavy Duty Truck Group Jinan Truck Manufacturing Company, won the “Eighth Shandong Provincial Governor Quality Award” and was solemnly commended at the conference.

On April 19, 2023, China National Heavy Duty Truck Group and ZF Group signed a new round of strategic cooperation framework agreement in Shanghai. Tan Xuguang, Chairman of China National Heavy Duty Truck Group, attended the event and witnessed the signing; Peter Lehr, member of the board of directors of ZF Group and president of the commercial vehicle division, and Wang Zhijian, general manager of China National Heavy Duty Truck Group, signed the agreement on behalf of both parties.

On May 20, 2023, the first batch of 1,000 Zhongtong buses exported to Kyrgyzstan rolled off the assembly line at Liaocheng Zhongtong Bus Company. Kyrgyz President Zaparov was invited to attend the meeting, and Shandong Vice Governor Deng Yunfeng and Shandong Heavy Industry Group Party Committee Secretary and Chairman Tan Xuguang accompanied the talks and visited.

On June 17, 2023, the Second Party Congress of Shandong Heavy Industry Group Co., Ltd. of the Communist Party of China was grandly held in Jinan. The conference listened to and reviewed the report of the First Committee of Shandong Heavy Industry Group Co., Ltd. of the Communist Party of China and the work report of the First Discipline Inspection Commission of Shandong Heavy Industry Group Co., Ltd. of the Communist Party of China, and elected the Second Committee and Discipline Inspection Commission of Shandong Heavy Industry Group Co., Ltd. of the Communist Party of China.

On August 28, 2023, Sinotruk successfully held the “Moving Towards First-Class, Centennial Journey-Sinotruk Global Strategic Partner Conference”, with more than 300 dealers and major customers from 55 countries and regions participating on site, and more than 3.68 million people online and offline witnessed the extraordinary achievements of Sinotruk’s reform, reorganization and development in the past five years.

On September 3, 2023, Shandong Heavy Industry Group Chairman and General Manager Tan Xuguang led a team to Kazakhstan and reached a consensus with Kazakhstan’s Alul Group on promoting all-round cooperation. At the same time, Shandong Heavy Industry Group held a seminar on the market strategy of the five Central Asian countries along the “Belt and Road” to comprehensively lay out local business. During the period, Shandong Heavy Industry Group’s Global Partner Conference and Product Exhibition was held. Lin Wu, Secretary of the Shandong Provincial Party Committee and Chairman of the Provincial People’s Congress Standing Committee, and Marat Karabayev, Minister of the Ministry of Transport of Kazakhstan, attended the event and delivered speeches.

On October 19, 2023, Shandong Heavy Industry Group and Vietnam Changhai Group signed a strategic cooperation framework agreement in Hong Kong. Shandong Heavy Industry Group Chairman and General Manager Tan Xuguang and Vietnam Changhai Group Chairman Chen Boyang attended the event and witnessed the signing.

On November 25, 2023, the “Hospitality Shandong, Good Products Shandong” Shandong Heavy Industry Group Global Partner Conference and New Product Exhibition was held in Dubai, UAE. 570 dealers and major customers from more than 70 countries in the Middle East, Europe, Africa, South Asia and other regions attended the event.

On December 9, 2023, the “21st Annual Meeting of Chinese Business Leaders” hosted by China Entrepreneur Magazine was held in Beijing, and 25 business leaders including Tan Xuguang were named “Influential Business Leaders of 2023”.

In December 2023, China National Heavy Duty Truck Group Co., Ltd. was awarded the title of “Advanced Unit for Corporate Culture Construction in Shandong Province in 2023”.

On January 14, 2022, Shanghai Jiao Tong University, Weichai Power, and CNHTC signed an agreement and unveiled the Future Commercial Vehicle Innovation Joint Research Center in Jinan.

On February 7, 2022, the Shandong Province 2022 Work Mobilization Conference was held to solemnly commend outstanding entrepreneurs, industry leaders, and outstanding entrepreneurs in Shandong Province. Tan Xuguang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, was awarded the title of “Outstanding Entrepreneur of Shandong Province”, and was awarded the first-class merit.

On February 14, 2022, CNHTC was awarded the national honor of 2021 Outstanding Intelligent Manufacturing Scene, and was honored on the provincial list of 2021 Intelligent Factory in Shandong Province and 2021 Provincial Intelligent Manufacturing Benchmarking Enterprises.

On March 2, 2022, the Shandong Provincial Government Information Office held a press conference on the construction of “Good Products in Shandong”. CNHTC was selected as a “Good Product” in the high-end equipment category, which added momentum to accelerate the transformation of old and new kinetic energy and realize high-quality development in Shandong.

On May 28, 2022, the Shandong Provincial Government issued a Notice on the Fourth Shandong Provincial Patent Award, and the invention patent recommended by CNHTC, A New type 16-speed helical gear double intermediate shaft locking ring synchronizer gearbox, won the first prize of Shandong Provincial Patent Award.

On June 1, 2022, “Subverting Science and Technology, Leading the Future with intelligence- CNHTC HOWO New Energy Pure Electric Tractor Batch Delivery Ceremony” was held in Hebei. The delivery of hundreds HOWO NX new energy pure electric traction vehicles of CNHTC HOWO provides strong support for the new development of “dual carbon”.

On June 15, 2022, at the new technology achievement exhibition of Shandong heavy industry, the theme of which was “Take off! Shandong High-end Equipment Manufacturing”, CNHTC and Weichai Power jointly released Chinas first commercial hydrogen internal combustion engine heavy-duty truck, marking a milestone in promoting diversified energy transformation and helping China achieve its” dual carbon “strategic goals.

On August 30, 2022, CNHTC held a commemorative conference to commemorate the fourth anniversary of the reform, innovation and development of restructuring and reform. The conference comprehensively summarized the achievements and experiences that SHIG restructured CNHTC in the past four years, mobilized and incentivized all cadres and employees to take advantage of the situation and continue to strive for the purpose of building CNHTC into a world-class full-series commercial vehicle group.

On October 31, 2022, “CNHTC and a Win-win World” – the event to celebrate CNHTC becoming the first domestic automobile manufacturer to export more than 10,000 heavy-duty trucks in a single month was held in Jinan, which is a milestone in the export history of Chinas heavy-duty truck industry.

On November 8, 2022, the 13th Congress of the Communist Party of China of CNHTC was held in Jinan. The congress elected the 13th Committee and Discipline Inspection Committee of CNHTC of CPC and passed the resolution on the Report on the Work of the 12th Discipline Inspection Committee, the Resolution on the Report on the Collection, Use and Management of Party Fees and the resolution of the 13th congress.

In 2022, CNHTC realized counter-trend advancement in the industrys downturn, with vehicle sales of 249,000 sets and aggregate revenue exceeding 121.4 billion yuan, achieving “double firsts” in sales volume and market share, of which 89,000 sets were exported, creating a new record for the export of Chinas heavy-duty truck industry. In 2022, CNHTC ranks 158th in the “Top 500 Enterprises of China”, 69th in the “Top 500 Manufacturing Enterprises of China” and 60th in the “Top 100 Most Valuable Brands of China”.

On January 17, 2021, CCTV News reported on the new breakthrough in energy-saving and consumption reduction of CNHTC s new generation of high-end artery logistics tractors of the Yellow River heavy-duty truck under the title of “13th Five-Year Achievement Tour of Chinas Automobile Industry Transformation and Stepping Into the Stage of High-quality Development”.

On June 28, 2021, Tan Xuguang, Secretary and Chairman of the Party Committee of Shandong Heavy Industry Group Co., Ltd., Chairman of Weichai Holding Group Co., Ltd., and Secretary and Chairman of the Party Committee of China National Heavy Duty Truck Group Co., Ltd., attended the National “Two Excellence and One First” Commendation Conference held at the Great Hall of the People in Beijing and was awarded the title of “National Excellent Communist Party Member”.

On October 27, 2021, the delivery ceremony of the snow wax vehicle for the 2022 Beijing Winter Olympics was held at the General Administration of Sport of China. The first snow wax vehicle with fully independent intellectual property rights developed and manufactured by CNHTC was officially delivered to the General Administration of Sport of China.

In 2021, CNHTC sold a total of 424,000 complete vehicles, a year-on-year decrease of 11%; realized a total revenue of 159.7 billion yuan, a year-on-year decrease of 8%; the total amount of profits and taxes was 14.6 billion yuan, a year-on-year decrease of 18%.

On January 10, 2020, the 2019 National Science and Technology Award Conference was grandly held in Beijing, and the project “Key Technology of Mechanical Automatic Transmission Hybrid Powertrain Assembly for Commercial Vehicles and its Industrialization Application” of CNHTC was awarded the second prize of the National Scientific and Technological Progress Award. This is the third time that CNHTC has won the honor in ten years.

On January 17, 2020, 25 sets of CNHTC HOWO driverless electric container trucks successfully realized the worlds first driverless electric container truck operation in Tianjin Port, providing a “Chinese Solution” and contributing “China Wisdom” for the construction of automated container terminals in the world.

On April 29, 2020, CNHTC and Country Garden Group signed a strategic cooperation agreement in Jinan, Shandong, marking the official withdrawal of CNHTC from the real estate business and the beginning of a new journey of focusing solely on its main business.

On May 29, 2020, on the occasion of the 4th National Science and Technology Workers Day, Tan Xuguang and 24 other representatives of science and technology workers received a reply letter from General Secretary Xi Jinping.

the new generation "Yellow River" heavy-duty truck

On September 16, 2020, Yellow River Brand and New Product Launching Ceremony was grandly opened at Jinan Olympic Sports Center in Shandong Province. CNHTC has launched a high-end national independent brand – the new generation “Yellow River” heavy-duty truck, which is the crystallization of CNHTC s integration of the most advanced technology and has reached a domestic leading and international first-class level.

On November 2, 2020, the launching ceremony of “Yellow River Heavy-duty Truck, Hello Future” was successfully held in Dongying Yellow River Estuary. The new generation of Yellow River heavy-duty truck fleet arrived at the source of the Yellow River in Guoluo, Qinghai Province on November 19. It took 17 days to pass through 9 provinces and regions along the Yellow River, with a journey of more than 4,000 kilometers.

On November 8, 2020, the unveiling ceremony of the 13th Guanghua Engineering Science and Technology Award was grandly held in Beijing. A total of 39 experts including Tan Xuguang, an expert in mechanical and transportation engineering management, won the Guanghua Engineering Science and Technology Award.

On November 10, 2020, the signing ceremony for the strategic restructuring of Weihai Black Leopard Automobile by Shandong Heavy Industry Group was held in Jinan, Shandong. Shandong Heavy Industry Group, CNHTC, Weihai Municipal Government, and Wendeng District Government have signed a four-party agreement.

On November 19, 2020, the commissioning ceremony of Green Intelligent Manufacturing Industry City of Shandong Heavy Industry (Jinan Laiwu) – Sinotruk Intelligent Network Connection (new energy) Heavy-duty Truck Project and the first vehicle rollout ceremony was held in the final assembly workshop of the project.

On November 24, 2020, the National Commendation Conference for Model Workers and Advanced Workers was held in the Great Hall of the People in Beijing. Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China and Chairman of the Central Military Commission, attended the congress and delivered an important speech. Tan Xuguang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, Yan Jianbo, Executive President of Weichai Power and General Manager of FAST, Wang Shujun, a fitter and senior technician of Weichai Power No. 1 Factory, Diao Tongwu, a fitter and chief technician of the Body Department of Jinan Truck Manufacturing Department, Xu Yucheng, a lathe worker of the gear shaft processing department of Datong Gear Company, and Lai Zhiyong, the head of the Quality Department of Fujian Haixi Company, were honorably elected as National Model Workers in 2020.

In 2020, CNHTC realized counter-trend growth in the face of the severe challenges of the epidemic, and its vehicle sales exceeded 500,000 units for the first time, and its market share increased significantly. The total revenue achieved throughout the year was 174.3 billion yuan, a year-on-year increase of 49%; the total profits and taxes were 17.8 billion yuan, a year-on-year increase of 144%, creating the best performance in history. In 2020, CNHTC ranked 183th among the “Top 500 Chinese Enterprises”, 76th among the “Top 500 Chinese Manufacturing Enterprises”, and 54th among the “Top 100 Most Valuable Brands in China”.

On January 24, 2019, CNHTC held the 8th Workers Congress of the 17th session. The conference reviewed and passed the administrative work report on Adhering to Reform, Seizing Opportunities, and Fully Promoting CNHTC to Achieve High Quality Development, the Report on the matters passed at the joint meeting between sessions of the Workers Congress, and the Ten opinions on deepening reform of CNHTC. The development goals for 2019 were determined, and ten major projects were proposed to be focused on.

On April 1, 2019, the 30,000th SITRAK of CNHTC drove off the production line in red, marking a new milestone for high-end heavy-duty trucks in China.

On May 25, 2019, the launch conference of the new Steyr product of Sinotruk using Weichai engine, with the theme of “Sinotruk & Weichai – Return of the King”, was held in Xinzhou, Shanxi, which was the first stop for the launch of Sinotruk vehicles matching with Weichai. On May 27, the launch conference of Hohan, titled “Sinotruk & Weichai – Return of the King”, was held simultaneously in 15 cities across the country.

On October 1, 2019, during the celebration of the 70th anniversary of the founding of the Peoples Republic of China, the colorful Shandong “Guotai Minan” truck manufactured by CNHTC drove through Tiananmen Square, and was honored to receive the parade by leaders of the Party and the State and the people of the whole country.

On November 3, 2019, the third China Enterprise Reform and Development Forum officially opened, attracting over 1,400 representatives of entrepreneurs, experts and scholars from central enterprises, local state-owned enterprises, and private enterprises. Tan Xuguang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, and Secretary of the Party Committee and Chairman of CNHTC, was invited to attend the main forum and gave a keynote speech. Focusing on how to “Focus on the main business without distractions” and achieve high-quality development of state-owned enterprises, he summarized more than 20 years of experience in enterprise governance into “three must do” and “three strive to be first-class”.

In 2019, CNHTC achieved a sales volume of 296,200 vehicles and a revenue of 116.7 billion yuan, a year-on-year increase of 6%; The operating profit was 5.79 billion yuan, a year-on-year increase of 8.9%. The profit growth rate was higher than the revenue growth rate, once again reaching the best level in history.

On April 12, 2018, the worlds first unmanned electric truck manufactured by CNHTC started trial operation at Tianjin Port. Its model number is “HOWO-T5G” and is equipped with the worlds advanced driving system and a mature and reliable pure electric central drive control system, integrating innovative technologies such as artificial intelligence, vehicle networking, cloud computing, new energy, and new materials.

On July 12, 2018, the opening and unveiling ceremony of Global Village Insurance Brokers Co., Ltd. was held in Beijing.

On September 1, 2018, with the consent of the Shandong Provincial Party Committee and the decision of the Jinan Municipal Party Committee, Comrade Tan Xuguang was appointed as Party Secretary and Chairman of CNHTC. According to the resolution of the first party Committee of the new team, a meeting of all leading cadres was held.

In 2018, CNHTC achieved a sales volume of 327,000 vehicles, a revenue of 110 billion yuan, and a total profit of 6.5 billion yuan, all of which achieved historic breakthroughs, making CNHTC one of the enterprises with the best operational quality in the domestic heavy truck industry.

On January 15, 2011, Sinotruk held a groundbreaking ceremony for the construction of a new plant of Fujian Haixi Automobile Co., Ltd. with an initial investment of 1 billion yuan.

On July 12, 2012, Sinotruk and Finnish Cargotec officially signed a joint venture in Hong Kong, and the two parties will cooperate in automotive lifting equipment and other aspects.

On January 17, 2013, the SITRAK brand, a strong cooperation between Sinotruk and MAN group, was officially launched.

On May 7, 2014, during Premier Li Keqiangs official visit to four African countries, CNHTC signed a strategic cooperation agreement with Nigerias DANGOTE Group.

On May 12, 2014, CNHTC held the first anniversary of the listing of MAN technology products and the delivery ceremony of the 6,000th vehicle of MAN technology.

CNHTC Technology Building

In July, 2015, China’s exclusive National Heavy-duty Automotive Engineering Technology Research Center was completed and the Group officially moved its HQ into CNHTC Technology Building. With brand-new facility, the group is now heading towards a bright future.

On August 16, 2015, the Science and Technology Center of CNHTC was officially opened. Approved by the Ministry of Science and Technology of the Peoples Republic of China, the Science and Technology Center is the only  national heavy-duty vehicle engineering technology research center in the country and is the second tallest building put into use in Jinan and the first tallest building in the eastern part of Jinan. The official opening of the Science and Technology Center has opened a new chapter for the better development of CNHTC.

On September 19, 2015, Shandong HOWO Automotive Finance Co., Ltd., controlled by CNHTC, opened for business. Shandong HOWO Automotive Finance Co., Ltd. is a non-bank financial institution approved by the China Banking Regulatory Commission and the first automotive finance company in Shandong Province. With comprehensive risk control, efficient business processes, and a professional management team, the company actively innovates and expands its business products to serve the automobile finance market in Shandong Province and even the whole country.

On October 13th, 2015, Li Yuanchao, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Vice President of the State, visited CNHTC for inspection. He fully affirmed the practices and achievements of CNHTC, and encouraged it to continue to work hard in stabilizing growth, adjusting structure, innovating technology, and creating advanced experience under the new economic normal.

On March 2, 2016, the “Smart Sinotruk” APP was officially launched, and Sinotruk Jinan Global Village E-commerce Co., Ltd. was founded. Sinotruk started a new era of “Internet + marketing”.

On April 26, 2016, Jinan Global Village E-commerce Co., Ltd. was unveiled and the “Smart Sinotruk E-commerce Platform” was officially launched.

On September 19, 2016, the “Implementation of Made in China 2025 · CNHTC in Action, Commemorating the 60th Anniversary of CNHTC s Establishment Development Forum and CNHTC Intelligent Strategy and Vehicle Exhibition Conference” was held in Jinan. CNHTC s first generation intelligent heavy truck was officially launched, marking the beginning of a new era of intelligent manufacturing.

On September 15, 2017, Ma Kai, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Vice Premier of the State Council, visited CNHTC and praised it for its adhering to the technology-leading strategy and taking the lead in the R&D of new energy vehicles and intelligent networked vehicles.

On December 12, 2017, the 1.5 million kilometers of CNHTC MAN technology products with the theme of “More than one million, never seen before” was achieved and the first member ceremony of Million Heroes Club was held in Jinan. Fu Zhongyan, a user from Wuxi, Jiangsu Province, drove the CNHTC SITRAK C7H tractor and ran 1.5 million kilometers in 42 months, with an average daily mileage of more than 1,000 kilometers, with no major repairs to key technical assemblies. This is not only a true representation of CNHTC s products with high reliability and high attendance rate, reaching a lifespan of 1.5 million kilometers for B10, but also a perfect demonstration that the advantages of CNHTC s MAN technology products have been verified by the market and it can bring practical benefits to users, which is a milestone in the domestic heavy truck industry.

On December 13, 2017, CNHTC held the millionth HOWO heavy-duty truck offline ceremony of “Million Heroes Witness Million HOWOs”. HOWO is an international national brand of heavy trucks in China, and its products are exported to more than 90 countries and regions, ranking first in domestic heavy truck export for 13 consecutive years. HOWO heavy trucks that go abroad in large quantities not only occupy a place in the international market, but also interpret the core meaning of Made in China for the world with their high quality.

On November 28, 2007, CNHTC was listed on the main board of HKSE in the form of red chips, with the name Sinotruk (Hong Kong) Limited and a stock code of 3808.

Signing Ceremony of Partnership between SINOTRUK and MAN SE

On July 15, 2009, Sinotruk (Hong Kong) Limited officially signed a contract with Maschinenfabrik Augsburg Nürnberg to implement strategic cooperation in capital, technology, products, market, and other aspects.

On April 11, 2010, Sinotruk Mianyang Special Vehicle Co., Ltd. opened and unveiled.

On September 28, 2010, Sinotruk Chengdu Wangpai Commercial Vehicle Co., Ltd. was unveiled.

On January 18, 2001, the new CNHTC was officially established.

On August 18, 2002, CNHTC established the largest axle and transmission production base for heavy-duty trucks in China.

Representatives from SINOTRUK and VOLVO at the signing ceremony for the Heavy Duty Truck Joint Venture Project

On June 9, 2003, CNHTC and Volvo Group signed an agreement for the joint venture project regarding heavy-duty trucks at the Diaoyutai State Guesthouse in Beijing.

On June 30, 2003, the Ministry of Commerce of the Peoples Republic of China approved the joint venture contract between CNHTC and Volvo.

On July 10, 2003, Jinan Huawo Truck Co., Ltd., a joint venture between the two parties, was established.

On February 12, 2004, with the approval of the Shenzhen Stock Exchange, Shandong Xiaoya Electric Appliances Co., Ltd. was changed to “China National Heavy Duty Truck Group Jinan Truck Co., Ltd.”, with the abbreviation changed from “Xiaoya Electric Appliances” to “Sinotruk”.

On April 13, 2004, CNHTC held a press conference and officially announced its entry into the real estate industry, becoming the first diversified enterprise in the automobile manufacturing industry to enter the real estate industry.

On August 6, 2004, Sinotruk (Hong Kong) International Capital Co., Ltd. was officially registered and established in Hong Kong.

On August 7, 2004, Sinotruk (Hong Kong) International Capital Co., Ltd. was officially established with the approval of the Ministry of Commerce.

The HOWO series heavy duty truck rolled off the production line

On Oct. 28, 2004, the HOWO series heavy duty truck rolled off the production line, marking the beginning of the convergence of China’s heavy-duty vehicle technology with the advanced intemational heavy-duty vehicle technology.

On April 18, 2006, Sinotruk Jinan Power Co., Ltd. was established in Jinan, and the internationally advanced heavy-duty truck engine production line was officially put into operation.

In March 1953, approved by the Ministry of Transport, it was named Jinan Automobile Repairing Plant, which was directly under the management of the Ministry of Transport.

In 1958, Jinan Automobile Manufacturing Plant was formally established.

The first heavy duty truck in China-Huanghe

In 1960, the first heavy duty truck in China-Huanghe JN150 8T truck was born, marking the start of China’s heavy duty truck industry history.

Mao Zedong at the Pearl Spring Hotel in Jinan posing with the Huanghe branded 8T truck

On May 4, 1960, chairman Mao Zedong, during his inspection in Jinan, appreciated the first Huanghe branded 8T truck developed and produced by SINOTRUK (Jinan) in Pearl Spring Hotel and posed for a group picture with everybody for memory.

In December 1964, it was renamed Jinan Automobile Manufacturing General Factory.

Officials from SINOTRUK and Austrian Steyr-Daimler-Puch AG signing a contract, with a group witnessing the event, to introduce STEYR 91 series heavy duty truck manufacturing technology

In 1983, the Austrian Steyr 91 series heavy-duty truck manufacturing technology project was introduced under the approval of the state.

In 1984, with the approval of the state, China National Heavy Truck Associates was established, which took Jinan Automobile Manufacturing General Factory as the main body and absorbed other domestic manufacturers of complete vehicles, engines and parts.

In 1984, China National Heavy Truck Associates introduced complete vehicle technology from the Austrian Steyr company, with Jinan Automobile Manufacturing General Factory as the main project unit and jointly produced the “Steyr” series of heavy trucks in China.

China's first steyr truck rolled off the assembly line

In June, 1989, China’s first steyr truck rolled off the assembly line.

In 1990, with the approval of the State Council, China National Heavy Duty Truck Group Co., Ltd. was formed with China National Heavy Truck Associates as the main entity and other related business entities.

On April 5, 1995, the Steyr project passed the check of the state.

On July 25, 2000, Premier Zhu Rongji of the State Council presided over the 74th Premiers Office Meeting and decided to divide China National Heavy Duty Truck Group Co., Ltd. into three parts, which were respectively delegated to Shandong Province, Shaanxi Province, and Chongqing City for management. The main part is delegated to Shandong Province for management, and the name ” China National Heavy Duty Truck Group Co., Ltd.” is retained.

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