Results of Annual General Meeting Held on July 23, 2021

Rhea-AI Summary

China Yuchai International Limited (NYSE: CYD) announced that all resolutions from its June 22, 2021, Notice of Annual General Meeting were approved during its virtual meeting held on July 23, 2021. The company, through its subsidiary Guangxi Yuchai Machinery Company Limited, is a leading manufacturer of engines for various applications in China. In 2020, it sold 430,320 engines, showcasing a strong market presence and reliable after-sales support. China Yuchai emphasizes forward-looking statements regarding its operations and potential risks, including the impact of the COVID-19 pandemic.

Positive

• All resolutions passed at the Annual General Meeting.
• Strong market presence with 430,320 engines sold in 2020.
• Reputable brand with established research and development.

Negative

• Risks related to the COVID-19 pandemic affecting market conditions.
• Forward-looking statements carry uncertainties and risks.

SINGAPORE, July 23, 2021 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), wishes to announce that all the resolutions as set out in its Notice of Annual General Meeting dated June 22, 2021 were duly passed at its virtual Annual General Meeting held today.

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, GYMCL 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 2020, GYMCL sold 430,320 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's and the joint venture's 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. Among others, if the COVID-19 pandemic is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected due to a deteriorating market for automotive sales, an economic slowdown in China and abroad, a potential weakening of the financial condition of our customers, or other factors that we cannot foresee. All forward-looking statements are applicable only as of the date it is 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: +1-212-521-4050
Email: cyd@bluefocus.com

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SOURCE China Yuchai International Limited

FAQ

What were the results of China Yuchai's Annual General Meeting held on July 23, 2021?

All resolutions from the Notice of Annual General Meeting dated June 22, 2021, were passed.

What is the significance of China Yuchai's engine sales in 2020?

The company sold 430,320 engines, indicating its strong market position.

How does the COVID-19 pandemic impact China Yuchai's business?

The pandemic poses risks that may adversely affect market conditions and financial performance.

What is the market focus of China Yuchai International?

The company focuses on manufacturing engines for trucks, buses, and other vehicles.