China Yuchai International Announces Resignation of COO
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SINGAPORE, May 11 /PRNewswire-Asia-FirstCall/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced
today that as a result of ongoing personal civil litigation with his former
employer, Mr. Tan Wan Hong has voluntarily tendered his resignation as Chief
Operating Officer of the Company effective today. The Board of Directors has,
after careful deliberation, agreed to accept Mr. Tan's resignation. With his
resignation, Mr. Tan will also be relinquishing all his other directorships at
the Company's subsidiaries.
As a result of Mr. Tan's resignation, the Board is currently considering
new appointments to strengthen the senior management team and the relevant
announcement will be made in due course.
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 & development team and significant market share in China
with high-quality products and reliable after-sales support. In 2008, GYMCL
sold approximately 372,000 diesel engines and was consistently ranked No. 1 in
unit sales by China Association of Automobile Manufacturers. For more
information, please visit http://www.cyilimited.com .
For more information, please contact:
Kevin Theiss / Dixon Chen
Grayling Global
Tel: +1-646-284-9409
Email: ktheiss@hfgcg.com
dchen@hfgcg.com
SOURCE China Yuchai International Limited
Kevin Theiss or Dixon Chen of Grayling Global, +1-646-284-9409, or
ktheiss@hfgcg.com or dchen@hfgcg.com, for CYD
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