China Yuchai Announces Board Change

Rhea-AI Summary

China Yuchai (NYSE: CYD) announced that Mr. Wu Qiwei resigned as a Director effective October 27, 2025. He also resigned as a Director of the company’s main operating subsidiary, Guangxi Yuchai Machinery Company Limited. Following the resignation, the Board of Directors comprises eight directors, including three independent directors.

The announcement provides board composition details but does not disclose reasons for the resignation or any immediate governance actions.

SINGAPORE, Oct. 28, 2025 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today that Mr. Wu Qiwei has resigned as a Director of the Company with effect from October 27, 2025. Mr. Wu has also resigned as a Director of the Company's main operating subsidiary, Guangxi Yuchai Machinery Company Limited.  

With Mr. Wu's resignation, China Yuchai's Board of Directors now comprises eight (8) directors, three (3) of whom are independent directors.

About China Yuchai International

China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited ("Yuchai"), is one of the leading powertrain solution providers in China. Yuchai specializes in the design, manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications. Yuchai offers a comprehensive portfolio of powertrain solutions, including but not limited to diesel, natural gas, and new energy products such as pure electric, range extenders, and hybrid and fuel cell systems.  Through its extensive network of regional sales offices and authorized customer service centers, Yuchai distributes its engines directly to auto OEMs and distributors while providing after-sales services across China and globally.  Founded in 1951, Yuchai has established a reputable brand name, built a strong research and development team, and achieved a significant market share in China. Known for its high-quality products and reliable after-sales support, Yuchai has also expanded its footprint into overseas markets.  In 2024, Yuchai sold 356,586 engines, further solidifying its position 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 ventures' 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

View original content:https://www.prnewswire.com/news-releases/china-yuchai-announces-board-change-302596529.html

SOURCE China Yuchai International

FAQ

Who resigned from China Yuchai board on October 27, 2025 (CYD)?

Mr. Wu Qiwei resigned as a Director of China Yuchai and as a Director of Guangxi Yuchai Machinery Company Limited effective October 27, 2025.

How many directors are on China Yuchai's board after the October 2025 resignation (CYD)?

After the resignation, China Yuchai's board comprises eight directors.

How many independent directors does China Yuchai have after the October 2025 change (CYD)?

China Yuchai has three independent directors following the October 27, 2025 resignation.

Did China Yuchai disclose reasons for Mr. Wu Qiwei's resignation (CYD)?

No, the company disclosed the resignation and board composition but did not state reasons for the resignation.

Will China Yuchai replace the resigned director immediately (CYD)?

The announcement does not state any immediate replacement or appointment plans.

Where can investors find the official China Yuchai board change filing for October 28, 2025 (CYD)?

Investors can find the official notice on China Yuchai's investor relations filings and NYSE disclosures for October 28, 2025.