SINGAPORE, Nov. 28, 2012 /PRNewswire-FirstCall/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today the re-appointment of Mr. Ping Yan to the Board of Directors of the Company effective immediately to replace Ms. Hong Wang who has resigned as a director of China Yuchai with effect from November 28, 2012. Mr. Yan previously served as a director of the Company from August 2007 to May 2010. In addition, pursuant to the Company's bye-laws, Mr. Yan has appointed Mr. Qi Wei Wu as his alternate director effective immediately.
Mr. Yan is the Chairman of the Board of Directors of Guangxi Yuchai Machinery Company Limited ("GYMCL"), the main operating subsidiary of China Yuchai. He is also the Chairman of Guangxi Yuchai Machinery Group Company Limited ("State Holding Company"), which is owned by the City Government of Yulin in the Guangxi Zhuang Autonomous Region. The State Holding Company is a 22.1% shareholder in GYMCL. Prior to his above appointments, Mr. Yan held various China-government related positions, including as Deputy Secretary-General of the Yulin Municipal Government, as Director of the Yulin Municipal Development and Reform Commission and as Deputy General Manager of Guangzhou-Shenzhen Railway Company, Ltd. Mr. Yan holds a Bachelor of Engineering Degree from Dalian Railway College and a Masters degree in Statistics from the Dongbei University of Finance and Economics.
Mr. Wu is the General Manager and a director of GYMCL. He previously served as one of the Deputy General Managers of GYMCL and was in charge of sales and marketing. He holds a Bachelor of Engineering Degree from Hunan University, an MBA degree from the Huazhong University of Science and Technology and a Doctorate in Marine Engineering from Wuhan University of Technology.
The Board of Directors thanks Ms. Wang for her contributions to the Company during her tenure as a director and is pleased to welcome Mr. Yan back as a director of China Yuchai.
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