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China Zenix Announces Annual Cash Dividend

Stocks in this article: ZX

ZHANGZHOU, China, March 8, 2012 /PRNewswire-Asia/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume, today announced that the Board of Directors has declared an annual cash dividend of $0.06 per ADS. The cash dividend will be paid on or before April 16, 2012 to all shareholders of record as of the close of business on March 30, 2012. 

Mr. Jianhui Lai, Chairman and Chief Executive Officer, commented, "We are very excited to reward our supportive shareholders with our first dividend. Although China Zenix is a young public company, we have an established brand name in a highly competitive marketplace in China. Similar to other established companies, we are a strong believer of giving back to our shareholders. By maintaining our leading market share in the world's largest market for commercial vehicle wheels, our shareholders should further benefit from our consistent growth in sales and earnings."

About China Zenix Auto International Limited

China Zenix Auto International Limited is the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume. With a large intellectual property portfolio, the Company offers more than 230 series of tubed steel wheels, tubeless steel wheels, and off-road steel wheels in both the aftermarket and OEM market in China and internationally. Zenix Auto's customers include group members of a number of large PRC commercial vehicle manufacturers, and it also exports products to over 70 distributors in 30 countries worldwide. With five large, strategically located manufacturing facilities in multiple regions across China, the Company has an aggregate annual production capacity of approximately 12.5 million units of steel wheels as of December 31, 2010. For more information, please visit: http://www.zenixauto.com/en.

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