SINGAPORE, Jan. 24, 2018 /PRNewswire/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the
"Company"), a leading manufacturer and distributor of engines for
on- and off-road applications in China through its main operating subsidiary,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), announced today
that Mr. Yan Ping, a Director of
China Yuchai and the Chairman of GYMCL and Guangxi Yuchai Machinery
Group Company Limited, was elected as President of the 6th Council
of the China Internal Combustion Engine Industry Association
("CICEIA").
With the recommendation of CICEIA and the approval of the China
Machinery Industry Federation, on January
22, 2018, the 6th National Members' Congress of CICEIA voted
Mr. Yan to be its next President. His election will be reported to
China's State-owned Assets
Supervision and Administration Commission, the Ministry of Civil
Affairs of the People's Republic of
China and the China Machinery Industry Federation by CICEIA
according to related regulations.
As Council President, Mr. Yan will promote and guide the
development of China's internal
combustion engine industry, and contribute to the technical
progress of the internal combustion engine industry.
CICEIA was established on July 20,
1991 and is approved by the Ministry of Civil Affairs. The
association comprises voluntary internal combustion engine and
parts manufacturing enterprises, Research & Development
(R&D) units, colleges, universities and related social
organizations. CICEIA, a national industry organization with more
than 1,800 members, received the qualification of "China Social
Organization Level Assessment 4A" from the Ministry of Civil
Affairs in 2015.
CICEIA is responsible for implementing national policies,
safeguarding the overall interests of, and revitalizing,
China's internal combustion engine
industry. The purpose of CICEIA is to be a "conduit" between the
government and industry. The main functions of CICEIA are policy
research, information services, development of industry standards,
trade coordination, industry self-discipline, exhibition services,
international communication and industry training.
Mr. Weng Ming Hoh, President of
China Yuchai, commented, "We wish to congratulate Yan Ping for his election to this prestigious
industry leadership position. His election reflects the industry
position and contributions of GYMCL to the domestic internal
combustion engine industry. In addition to our broad line of
advanced internal combustion engines, we have been advocates for
lower emissions. We have been among the first to introduce green
technologies that lower emissions and engines that meet next
generation emission standards well before implementation. As
Council President, Mr. Yan will be able to provide greater insight
into future government policies and industry trends."
About China Yuchai International
China Yuchai International Limited, through its subsidiary,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the
manufacture, assembly, and sale of a wide variety of light-,
medium- and heavy-duty engines for trucks, buses, passenger
vehicles, construction equipment, marine and agriculture
applications in China. GYMCL also
produces diesel power generators. The engines produced by GYMCL
range from diesel to natural gas and hybrid engines. Through its
regional sales offices and authorized customer service centers, the
Company distributes its engines directly to auto OEMs and retailers
and provides maintenance and retrofitting services throughout
China. Founded in 1951, GYMCL has
established a reputable brand name, strong research and development
team and significant market share in China with high-quality products and reliable
after-sales support. In 2016, GYMCL sold 320,424 engines and is
recognized as a leading manufacturer and distributor of engines in
China. For more information,
please visit http://www.cyilimited.com.
Safe Harbor Statement
This news release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. The words "believe", "expect", "anticipate", "project",
"targets", "optimistic", "confident that", "continue to",
"predict", "intend", "aim", "will" or similar expressions are
intended to identify forward-looking statements. All statements
other than statements of historical fact are statements that may be
deemed forward-looking statements. These forward-looking statements
including, but not limited to, statements concerning the Company's
operations, financial performance and condition are based on
current expectations, beliefs and assumptions which are subject to
change at any time. The Company cautions that these statements by
their nature involve risks and uncertainties, and actual results
may differ materially depending on a variety of important factors
such as government and stock exchange regulations, competition,
political, economic and social conditions around the world and in
China including those discussed in
the Company's Form 20-Fs under the headings "Risk Factors",
"Results of Operations" and "Business Overview" and other reports
filed with the Securities and Exchange Commission from time to
time. All forward-looking statements are applicable only as of the
date they are made and the Company specifically disclaims any
obligation to maintain or update the forward-looking information,
whether of the nature contained in this release or otherwise, in
the future.
For more information, please contact:
Kevin Theiss
Phone: +1 646-726-6511
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited