China Yuchai International Limited
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
For the Month of December 2007
Commission File Number 113522
China Yuchai International Limited
(Translation of Registrants name into English)
16 Raffles Quay #26-00
Hong Leong Building
Singapore 048581
(Address of principal executive offices)
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 þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether the Registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to registrant in connection with Rule
12g3-2(b): Not applicable.
TABLE OF CONTENTS
OTHER EVENTS
1. Appointment of new CFO as director; Resignation of previous CFO as director
On December 4, 2007 in Singapore, China Yuchai International Limited (CYI) issued a press release
announcing the appointment of Mr. Ho Tuck Chuen, its new Chief Financial Officer (CFO) as a
director of CYI. CYI also announced the resignation of Mr. Philip Ting Sii Tien, its previous CFO,
as a director of CYI. A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
2. Updated Sales Performance
On December 4, 2007 in Singapore, CYI issued a press release announcing updated sales performance
for the first ten months of 2007. A copy of the press release is attached hereto as Exhibit 99.2
and is incorporated herein by reference.
Exhibits
99.1 Press Release of CYI dated December 4, 2007 announcing the appointment of new CFO as director
and the resignation of previous CFO as director of CYI.
99.2 Press Release of CYI dated December 4, 2007 announcing updated sales performance.
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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, thereunder duly authorized.
Date: December 4, 2007
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CHINA YUCHAI INTERNATIONAL LIMITED
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By: |
/s/
Ho Tuck Chuen
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Name: |
Mr. Ho Tuck Chuen |
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Title: |
Chief Financial Officer |
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EXHIBITS INDEX
99.1 |
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Press Release of CYI dated December 4, 2007 announcing the appointment of new CFO as
director and the resignation of previous CFO as director of CYI. |
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99.2 |
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Press Release of CYI dated December 4, 2007 announcing updated sales performance. |
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Ex-99.1 Press Release of CYI dated Dec, 2007
Exhibit 99.1
China
Yuchai International Limited Appoints New CFO as Director;
previous CFO resigns as Director
Singapore, Singapore December 4, 2007 China Yuchai International Limited (NYSE: CYD;
China Yuchai or the Company), the leading manufacturer and distributor of diesel engines in
China, today announced the appointment of Mr. Ho Tuck Chuen, its new Chief Financial Officer, as a
director of the Company with effect from December 3, 2007. Mr. Ho Tuck Chuen was appointed as the
Companys Chief Financial Officer on October 24, 2007 and began his duties on November 15, 2007.
The Company also announced the resignation of Mr. Philip Ting Sii Tien, its previous CFO, as a
director of the Company with effect from December 3, 2007. The
Board of Directors wishes to thank Mr. Philip Ting
for his services and contributions to the Company as a director.
Mr. Ting will continue with his full-time role as the Group Chief Financial Officer for Hong Leong Asia Limited, the holding company of China Yuchai.
The Companys directors and executive officers as of December 3, 2007 are set forth below:
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Name |
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Position |
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TEO Tong Kooi
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President and Director |
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GAO Jia Lin
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Vice President and Director |
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GAN Khai Choon
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Director |
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KWEK Leng Peck
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Director |
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NEO Poh Kiat
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Director |
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TAN Aik-Leang
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Director |
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HO Tuck Chuen
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Director and Chief Financial Officer |
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Matthew RICHARDS
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Director |
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YAN Ping
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Director |
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ZHANG Shi Yong
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Director |
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Sheila MURUGASU(1)
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General Counsel |
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Ira Stuart OUTERBRIDGE III
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Secretary |
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(1) |
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With effect from December 10, 2007, Ms. Deborah Foo Shing Mei will be the new General
Counsel of the Company. |
About
China Yuchai International Limited
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company
Limited (Yuchai), engages in the manufacture, assembly, and sale of a wide array of light-duty,
medium-sized and heavy-duty diesel engines for construction equipment, trucks, buses, and cars in
China. Yuchai also produces diesel power generators, which are primarily used in the construction
and mining industries. With over 30 regional sales offices and 460 authorized customer service
centers, the Company distributes its diesel 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 & development team and significant market share
in China with high-quality products and reliable after-sales support. In 2006, Yuchai sold
approximately 284,000 diesel engines and was consistently ranked No. 1 in unit sales by China
Association of Automobile Manufacturers.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The words believe, expect, anticipate, project, targets,
optimistic, intend, aim, will or similar expressions are intended to identify
forward-looking statements. All statements other than statements of historical fact are statements
that could be deemed forward-looking statements. These forward-looking statements are based on
current expectations or beliefs, including, but not limited to, statements concerning the Companys
operations, financial performance and, condition. For this purpose, statements that are not
statements of historical fact may be deemed to be forward-looking statements. The Company cautions
that these statements by their nature involve risks and uncertainties, and actual results may
differ materially depending on a variety of important factors, including those discussed in the
Companys reports filed with the Securities and Exchange Commission from time to time. The Company
specifically disclaims any obligation to update the forward-looking information in the future.
For more information, please contact:
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Kevin Theiss / Dixon Chen
The Global Consulting Group |
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Tel:
Email: |
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+1-646-284-9409
ktheiss@hfgcg.com
dchen@hfgcg.com |
Ex-99.2 Press Release of CYI dated Dec 4, 2007
Exhibit 99.2
China
Yuchai International Limited Announces Updated Sales Performance
Singapore, Singapore December 4, 2007 China Yuchai International Limited (NYSE: CYD;
China Yuchai or the Company), the leading manufacturer and distributor of diesel engines in
China, announced today it has sold 315,000 diesel engines from January to October in 2007,
representing a 33.8 percent increase over the same period of 2006. Total unit sales in the ten
months ended October 31, 2007 exceeded the Companys expectations. In 2006, Yuchai sold
approximately 284,000 diesel engines.
After major urban transportation contract wins with Beijing and Shanghai bus network, China
Yuchais National 3 Model continues to penetrate the Chinese bus OEM market and posted a strong
172% year-on-year unit sales growth in the first ten months of 2007.
Chinas automotive industry continues to experience robust growth in 2007 as it has become the
second largest in the world with a relatively smaller percentage of auto ownership (2%) compared
with Europe and North America, and a fast-growing infrastructure build-out. According to the China
Association of Automobile Manufacturers, in the first nine months of 2007, China produced a total
of 1.1 million trucks, 175,990 buses, 354,236 truck chassis, and 136,477 semi-trailers reflecting a
solid 21%, 19%, 37% and 121% year-over-year growth, respectively. The trend of using diesel engines
has expanded to more than 80% of the engines in new commercial vehicles produced in China. Within
the Chinese diesel-powered truck market, the 2007 first nine months production was 70,347 heavy
trucks, 97,505 medium trucks, 681,917 light trucks, 47,213 mini trucks, and 326,892 truck chassis,
reflecting 82%, 4%, 22%, 19% and 38% year-over-year growth, respectively. For the bus market, the
production for the first nine months was 21,058 large buses, 23,747 medium buses, and 53,908 small
buses, reflecting 48%, 34% and 14% year-over-year growth, respectively. As a result of the rapid
down-stream market growth, according to China Association of Automobile Manufacturers, diesel
engine producers in China enjoyed an average of 30% year-over-year growth in the first nine months
of 2007.
About
China Yuchai International Limited
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company
Limited (Yuchai), engages in the manufacture, assembly, and sale of a wide array of light-duty,
medium-sized and heavy-duty diesel engines for construction equipment, trucks, buses, and cars in
China. Yuchai also produces diesel power generators, which are primarily used in the construction
and mining industries. With over 30 regional sales offices and 460 authorized customer service
centers, the Company distributes its diesel 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 & development team and significant market share
in China with high-quality products and reliable after-sales support. In 2006, Yuchai sold
approximately 284,000 diesel engines and was consistently ranked No. 1 in unit sales by China
Association of Automobile Manufacturers.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The words believe, expect, anticipate, project, targets,
optimistic, intend, aim, will or similar expressions are intended to identify
forward-looking statements. All statements other than statements of historical fact are statements
that could be deemed forward-looking statements. These forward- looking statements are based on
current expectations or beliefs, including, but not limited to, statements concerning the Companys
operations, financial performance and, condition. For this purpose, statements that are not
statements of historical fact may be deemed to be forward-looking statements. The Company cautions
that these statements by their nature involve risks and uncertainties, and actual results may
differ materially depending on a variety of important factors, including those discussed in the
Companys reports filed with the Securities and Exchange Commission from time to time. The Company
specifically disclaims any obligation to update the forward-looking information in the future.
For more information, please contact:
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|
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Kevin Theiss / Dixon Chen
The Global Consulting Group |
|
Tel:
Email: |
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+1-646-284-9409
ktheiss@hfgcg.com
dchen@hfgcg.com |