April 7, 2010 (FinancialWire) — AutoChina International Ltd. (NASDAQ: AUTC), a commercial vehicle sales and leasing firm in China, said that its chief financial officer, Jason Wang, recently purchased $500,000 of AutoChina’s ordinary shares.

The company said that, because it is a foreign private issuer, AutoChina’s officers and directors are not required to file insider trading reports with the Securities and Exchange Commission.

AutoChina said it has nevertheless determined that it will announce all open market transactions exceeding $250,000 effected by its officers and directors.

China-based AutoChina International is a commercial vehicle sales, leasing, and support network. AutoChina’s operating subsidiary was founded in 2005 by chairman and CEO, Yong Hui Li. The company owns and operates 178 commercial vehicle financing centers in Northern China regions; and primarily provides sales-type leasing and support for local customers.

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