SINGAPORE, Aug. 14,
2024 /PRNewswire/ -- China Yuchai International
Limited (NYSE: CYD) ("China Yuchai" or the "Company"), had on
June 7, 2024, adopted a share buyback
plan, of up to US$40 million in
dollar amount or 4 million in number, whichever occurs earlier. As
of the end of market trading on August 12,
2024, the Company repurchased a total of 3,226,159 shares
for a total amount of approximately US$38.5
million.
The shares purchased under the Company's share buyback plan will
be held as treasury shares. The Company's repurchase process
remains ongoing.
About China Yuchai
China Yuchai International Limited, through its subsidiary,
Guangxi Yuchai Machinery Company Limited ("Yuchai"), 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. Yuchai also
produces diesel power generators. The engines produced by Yuchai
range from diesel to natural gas and hybrid engines. Through its
regional sales offices and authorized customer service
centers, Yuchai distributes its engines directly to auto OEMs
and retailers and provides maintenance and retrofitting services
throughout China. Founded in 1951,
Yuchai 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 2023, Yuchai sold 313,493 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 China Yuchai
group of entities' operations, financial performance and condition
are based on current expectations, beliefs and assumptions which
are subject to change at any time. China Yuchai 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 China
Yuchai'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 China Yuchai 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:
Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com
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SOURCE China Yuchai International