China Yuchai (NYSE: CYD) launches Yuchai IMT equity incentive plan

Rhea-AI Filing Summary

China Yuchai International reported that its newly formed subsidiary, Guangxi Yuchai Intelligent Manufacturing Technology Co., Ltd. (Yuchai IMT), has adopted an equity incentive plan. Yuchai IMT was incorporated in May 2026 with registered capital of RMB 20 million.

Yuchai will contribute RMB 18.4 million, representing about 92% of Yuchai IMT’s registered capital. Participants in the equity incentive plan will contribute the remaining RMB 1.6 million at RMB 1 per RMB 1 of registered capital for roughly 8% of Yuchai IMT, held through a partnership subject to lock-up terms. The plan is designed to align employee incentives with the long-term growth of Yuchai IMT.

Key Figures

Yuchai IMT registered capital: RMB 20 million Yuchai contribution to IMT: RMB 18.4 million Plan participants’ contribution: RMB 1.6 million +3 more

6 metrics

Yuchai IMT registered capital RMB 20 million Subsidiary capital at incorporation in May 2026

Yuchai contribution to IMT RMB 18.4 million Represents about 92% of Yuchai IMT registered capital

Plan participants’ contribution RMB 1.6 million Provides roughly 8% of Yuchai IMT registered capital

Subscription price RMB 1 per RMB 1 registered capital Terms for participants in the Scheme

Engines sold 461,309 units Yuchai engine sales in 2025

2025 revenue RMB 24.6 billion Total revenue of Yuchai in 2025

Key Terms

Equity Incentive Plan, registered capital, limited liability partnership, lock-up restrictions, +2 more

6 terms

Equity Incentive Plan financial

"has implemented a share scheme, being the “Equity Incentive Plan of Yuchai IMT”"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

registered capital financial

"Yuchai IMT was incorporated in May 2026 with a registered capital of RMB 20 million"

Registered capital is the amount of money a company lists with regulators as the owners’ committed contribution when the business is formed or restructured. It functions like the company’s declared funding pledge and sets the legal baseline for owners’ financial responsibility; investors use it as a quick signal of how much capital the owners have promised, the company’s formal size, and potential limits on issuing more shares or taking on obligations.

limited liability partnership financial

"The Yuchai IMT Interest is held by a separate limited liability partnership vehicle"

A limited liability partnership (LLP) is a business structure where partners run the company together while each partner’s personal responsibility for the firm’s debts and other partners’ mistakes is capped, much like roommates who share rent but aren’t personally on the hook for a roommate’s separate loan. For investors, an LLP matters because it changes how losses, legal risks and profits flow to owners and can affect the stability, credit risk and tax treatment of investments tied to the business.

lock-up restrictions financial

"including various lock-up restrictions as specified under the Scheme"

A lock-up restriction is a temporary rule that prevents company insiders, early investors and employees from selling their shares for a set period after a public offering. It matters to investors because it limits how many shares can enter the market immediately—like a cooling-off period after a big sale—and when the restriction ends a large increase in available shares can put downward pressure on the stock price or reveal insiders’ confidence in the company.

Safe Harbor Statement regulatory

"Safe Harbor Statement This news release may contain forward-looking statements"

A safe harbor statement is a disclaimer that companies include in their public disclosures to limit legal liability if future results differ from what was forecasted or expected. It acts like a protective shield, helping companies avoid lawsuits if their predictions don’t come true, and gives investors a clearer understanding that certain statements are forward-looking and involve risks.

forward-looking statements regulatory

"This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

May 19, 2026

(Commission File No. 1 - 13522)

CHINA YUCHAI INTERNATIONAL LIMITED

(Translation of registrant’s name into English)

16 Raffles Quay #26-00

Hong Leong Building

Singapore 048581

(Address of registrant’s principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  Form 40-F 

EXHIBIT INDEX

Exhibit	Description
99.1	Press release dated May 19, 2026 – China Yuchai International Subsidiary Adopts Equity Incentive Plan

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

China Yuchai International Limited
(Registrant)
By:	/s/ Weng Ming Hoh
Name:	Weng Ming Hoh
Title:	President and Director

Date: May 19, 2026

Exhibit 99.1

China Yuchai International Subsidiary Adopts Equity Incentive Plan

Singapore, May 19, 2026 – China Yuchai International Limited (NYSE: CYD), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited (“Yuchai”), today announced that its newly-incorporated subsidiary, Guangxi Yuchai Intelligent Manufacturing Technology Co., Ltd. (“Yuchai IMT”), has implemented a share scheme, being the “Equity Incentive Plan of Yuchai IMT” (the “Scheme”).

Yuchai IMT was incorporated in May 2026 with a registered capital of RMB 20 million of which RMB 18.4 million representing 92% of the registered capital of Yuchai IMT is to be paid up by Yuchai. The principal activity of Yuchai IMT is to integrate and digitalise Yuchai’s existing equipment manufacturing businesses.

Participants of the Scheme are to contribute the remaining amount of the registered capital of RMB 1.6 million at a subscription price of RMB 1 per RMB 1 registered capital in consideration for approximately 8% of the registered capital of Yuchai IMT (the “Yuchai IMT Interest”), on and subject to the terms and conditions of the scheme documents. The Yuchai IMT Interest is held by a separate limited liability partnership vehicle which is established by the participants of the Scheme. The participants in turn hold direct interests in such partnership vehicle in accordance with the terms and conditions of the Scheme (including various lock-up restrictions as specified under the Scheme).

The Scheme aims to align employee interests with the long-term growth of Yuchai IMT, incentivizing sustained performance and fostering a culture of dedication and institutional loyalty.

About China Yuchai International

China Yuchai International, through its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (“Yuchai”), is one of the leading powertrain solutions manufacturers in China. Founded in 1951, Yuchai maintains a reputable brand name, a strong research and development team, and a significant market share in China. Yuchai specializes in the design, manufacture, and sale of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications. It delivers a comprehensive portfolio of powertrain solutions, spanning traditional diesel and natural gas engines to alternate fuels and new energy products, including pure electric, range extenders, hybrid, and fuel cell systems. Through an extensive network of regional sales offices and authorized customer service centers, Yuchai distributes engines directly to auto OEMs and distributors while providing after-sales services across China and globally. In 2025, Yuchai sold 461,309 engines and reported total revenue of RMB 24.6 billion. 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 International’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 International 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 the Company’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 International 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

FAQ

What did China Yuchai International (CYD) announce in this 6-K filing?

China Yuchai International announced that its new subsidiary, Yuchai IMT, has implemented an Equity Incentive Plan. The plan allocates around 8% of Yuchai IMT’s registered capital to participants, aiming to align employee incentives with the subsidiary’s long-term growth and performance.

How is Yuchai IMT’s registered capital structured under the new equity incentive plan?

Yuchai IMT has registered capital of RMB 20 million. Parent company Yuchai will contribute RMB 18.4 million, or about 92%. Scheme participants will contribute the remaining RMB 1.6 million, receiving roughly 8% of Yuchai IMT’s registered capital in return, under plan-specific terms.

What is the subscription price for participants in the Yuchai IMT equity incentive plan?

Participants in the Scheme subscribe at RMB 1 per RMB 1 of registered capital. By contributing a total of RMB 1.6 million, they collectively receive approximately 8% of Yuchai IMT’s registered capital, which is held via a dedicated limited liability partnership structure with lock-up restrictions.

How is the 8% interest in Yuchai IMT held by plan participants?

The approximately 8% interest in Yuchai IMT, called the Yuchai IMT Interest, is held by a separate limited liability partnership formed by Scheme participants. Individual employees then hold direct interests in this partnership, subject to the equity plan’s terms, including various lock-up restrictions on their holdings.

What is the main business of Yuchai IMT, the new China Yuchai subsidiary?

Yuchai IMT focuses on integrating and digitalising Yuchai’s existing equipment manufacturing businesses. The subsidiary aims to improve how equipment manufacturing operations are managed through intelligent manufacturing technologies, supporting greater efficiency and modernization within China Yuchai International’s broader powertrain and equipment-related activities.

How did China Yuchai’s main operating subsidiary perform in 2025?

In 2025, Yuchai, the principal operating subsidiary, sold 461,309 engines and reported total revenue of RMB 24.6 billion. These figures highlight the company’s substantial scale in powertrain solutions across trucks, buses, construction, agriculture, marine, and power generation markets in China and internationally.

What is the purpose of the Yuchai IMT equity incentive plan for employees?

The Scheme is intended to align employee interests with Yuchai IMT’s long-term growth. By giving participants an economic stake in the subsidiary through the 8% interest, it seeks to incentivize sustained performance and foster a culture of dedication and institutional loyalty among key personnel involved.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 14.9 KB