SINGAPORE, Feb. 26, 2019
/PRNewswire/ -- China Yuchai International Limited (NYSE: CYD)
("China Yuchai" or the "Company") announced today that Mr.
Eng Kwee Tan has been appointed to
the Board of Directors of China Yuchai, effective February 22, 2019.
Mr. Eng Kwee Tan, who was a
non-executive Director of the Company from February 2010 to November
2011, is currently the CEO and a Director of Hong Leong Asia
Ltd. ("HLA"). Mr. Tan has more than 30 years of operations,
corporate, accounting and financial experience. Prior to HLA, Mr.
Tan served in Gold Coin Group for more than 10 years, holding
senior management positions of CFO, Group Business Development
Director, Group Logistics Director and Group Chief Operating
Officer. In recent years, he has held senior management positions
in Perennial China Retail Trust Management Pte. Ltd., Dynapack Asia
Pte. Ltd. and Epsilon Global Communications Pte. Ltd.
Mr. Tan received his Bachelor of Accountancy from The University
of Singapore and an MBA from the
Cranfield School of Management, UK. He was a fellow member of the
Chartered Association of Certified Accountants (UK) and an
associate member of the Institute of Chartered Secretaries &
Administrators (now known as Chartered Secretaries Institute of
Singapore) and the Chartered
Association of Management Accountants.
With the new appointment, the Board of Directors now comprises 9
members out of which three are independent directors.
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 2017, GYMCL sold 367,097 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 it is 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:
Investor Relations
Kevin Theiss
Tel: +1-212-521-4050
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited