China Yuchai International announces Wong Hong Wai to its Board of Directors

– SINGAPORE, Singapore –  China Yuchai International Limited (NYSE: CYD) today announced the appointment of Wong Hong Wai to its Board of Directors effective from March 1, 2023, to bring the Board to 10 members of which three are independent.

The Board of Directors welcomes Mr. Wong and believes his extensive business experience and technical expertise will contribute to the future success of the Company.

About Wong Hong Wai

Mr. Wong joins the Board with over 35 years of working experience in China, Germany, Japan, Singapore, Switzerland, and the United States. He is an Innovation Advisor with Innovation Partner for Impact, a subsidiary of Enterprise Singapore, and an Associate Faculty Member with the Singapore Institute of Technology. Before this, Mr. Wong was with General Motors for 29 years and has extensive experience in areas such as M&A, new business development, strategic alliance management, sales/marketing, strategic risk management, business strategy, product portfolio planning, global procurement, and business process re-engineering. Besides operational roles, he also held governance responsibilities as a board member in several GM China group companies. He was the shareholder representative of GM’s joint venture investment holding in Hong Kong. Additionally, he was the Risk Officer for GM China and a member of GM’s Global Risk Advisory Council which had strategic risk management oversight for all of GM’s global businesses.

Before GM, Mr. Wong was with the Singapore Economic Development Board, responsible for investment marketing and development of several industry clusters such as aerospace, marine, and oilfield equipment, process engineering, and automotive component manufacturing.

Mr. Wong is a member of the Singapore Institute of Directors and a Fellow of the Singapore Institute of Arbitrators. He holds a Bachelor of Engineering (Production and Industrial Engineering) degree from the Ulm University of Applied Sciences in Germany and a Master of Business Administration from the National University of Singapore. He has also completed an Executive Program at the Stephen M. Ross School of Business at the University of Michigan, U.S.A.

About China Yuchai International

China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited, 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 a significant market share in China with high-quality products and reliable after-sales support. In 2021, GYMCL sold 456,791 engines and is recognized as a leading manufacturer and distributor of engines in China.

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