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Highway Holdings Limited Declares Cash Dividend

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HONG KONG--(BUSINESS WIRE)-- Highway Holdings Limited (Nasdaq:HIHO) today announced its board of directors has declared a cash dividend of $0.15 per share on the

company’s common stock. The dividend will be paid on October 7, 2022 to shareholders of record on September 30, 2022.

About Highway Holdings

Highway Holdings is an international manufacturer of a wide variety of quality parts products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’ administrative offices are located in Hong Kong, and its manufacturing facilities are located in Yangon, Myanmar and Shenzhen, China.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company’s various filings with the Securities and Exchange Commission, including without limitation, the company’s annual reports on Form 20-F.

Gary S. Maier

(310) 471-1288

Source: Highway Holdings Limited

Highway Holdings Limited

NASDAQ:HIHO

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Sheung Shui

About HIHO

highway holdings limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (oems) and contract manufacturers. it operates through two segments, metal stamping and mechanical oem; and electric oem. the company also trades in plastic injection products; and manufactures and assembles automation equipment. its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, led power supplies, stepping motors, pumps for dishwashers, and other washing machine components. in addition, the company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process, as well as provides an array of other manufacturing and engineering services. it serves customers in hong kong and china, europe, north america, and