SINGAPORE, Nov. 28, 2012
/PRNewswire-FirstCall/ -- China Yuchai International
Limited (NYSE: CYD) ("China Yuchai" or the "Company"),
announced today the re-appointment of Mr. Ping Yan to the Board of Directors of the
Company effective immediately to replace Ms. Hong Wang who has resigned as a director of
China Yuchai with effect from November 28,
2012. Mr. Yan previously served as a director of the Company
from August 2007 to May 2010. In addition, pursuant to the Company's
bye-laws, Mr. Yan has appointed Mr. Qi Wei
Wu as his alternate director effective immediately.
Mr. Yan is the Chairman of the Board of Directors of Guangxi
Yuchai Machinery Company Limited ("GYMCL"), the main operating
subsidiary of China Yuchai. He is also the Chairman of Guangxi
Yuchai Machinery Group Company Limited ("State Holding Company"),
which is owned by the City Government of Yulin in the Guangxi
Zhuang Autonomous Region. The State Holding Company is a 22.1%
shareholder in GYMCL. Prior to his above appointments, Mr. Yan held
various China-government related
positions, including as Deputy Secretary-General of the Yulin
Municipal Government, as Director of the Yulin Municipal
Development and Reform Commission and as Deputy General Manager of
Guangzhou-Shenzhen Railway Company, Ltd. Mr. Yan holds a Bachelor
of Engineering Degree from Dalian Railway College and a Masters
degree in Statistics from the Dongbei University of Finance and
Economics.
Mr. Wu is the General Manager and a director of GYMCL. He
previously served as one of the Deputy General Managers of GYMCL
and was in charge of sales and marketing. He holds a Bachelor of
Engineering Degree from Hunan
University, an MBA degree from the Huazhong University of Science
and Technology and a Doctorate in Marine Engineering from
Wuhan University of
Technology.
The Board of Directors thanks Ms. Wang for her contributions to
the Company during her tenure as a director and is pleased to
welcome Mr. Yan back as a director of China Yuchai.
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 array of light-duty,
medium-sized and heavy-duty diesel engines for construction
equipment, trucks, buses and cars in China. GYMCL also produces diesel power
generators, which are primarily used in the construction and mining
industries. Through its regional sales offices and authorized
customer service centers, the Company distributes its diesel
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
2011, GYMCL sold 510,777 diesel engines and is recognised as a
leading manufacturer and distributor of diesel engines in
China. For more information,
please visit http://www.cyilimited.com.
For more information, please contact:
Kevin Theiss / Dixon Chen
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@grayling.com
dixon.chen@grayling.com
SOURCE China Yuchai International Limited