13D Filing: Sinotruk (BVI) Ltd and UQM Technologies Inc (UQM)

(1)   Based on (i) 5,347,300 shares of common stock of the Issuer beneficially owned by the Reporting Persons, and (ii) 54,013,224 shares
of common stock of the Issuer outstanding. The number of shares of common stock of the Issuer outstanding is derived from the
Stock Purchase Agreement dated as of August 25, 2017 among the Issuer, Sinotruk (BVI) Limited and China National Heavy Duty Truck
Group Co., Ltd., pursuant to which Sinotruk (BVI) Limited purchased the 5,347,300 shares of common stock of the Issuer whose acquisition
is the subject of this statement on Schedule 13D. A copy of the Stock Purchase Agreement is attached to this statement on Schedule
13D as Exhibit 1. In the Stock Purchase Agreement, the Issuer represented that, prior to the issuance of the 5,347,300 shares
being newly issued and sold to Sinotruk (BVI) Limited pursuant to that agreement, the Issuer had 48,665,924 shares of common stock
outstanding. The closing on the purchase of the 5,347,300 shares occurred on September 25, 2017.