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
October 31, 2024
(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 |
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Description |
99.1 |
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Press release dated October 31, 2024 – China Yuchai Terminates Its Share Buyback 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) |
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|
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By: |
/s/ Weng Ming Hoh |
Name: |
Weng Ming Hoh |
Title: |
President/Director |
Date: October 31, 2024
Exhibit 99.1
China Yuchai Terminates Its Share Buyback Plan
SINGAPORE, October 31, 2024 – China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”) today announced that its Board of Directors has approved to terminate its share buyback plan with immediate effect.
The share buyback plan was adopted on June 7, 2024, under which the Company may repurchase its ordinary shares up to US$40 million in dollar amount or 4 million in number, whichever occurs earlier. As of today, China Yuchai has repurchased a total of 3,339,968 shares amounting to a total amount of US$39,825,731.
The shares purchased under the share buyback plan are to be held as treasury shares for the time being. Accordingly, the Company’s outstanding shares will be reduced from 40,858,290 to 37,518,322 upon the termination of the share buyback plan.
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited (“Yuchai”), 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. Yuchai also produces diesel power generators. The engines produced by Yuchai range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, Yuchai distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, Yuchai 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 2023, Yuchai sold 313,493 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 group of entities’ 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 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: +1-212-510-8922
Email: cyd@bluefocus.com