SINGAPORE, June 28, 2016 /PRNewswire/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today the results of stockholders' elections in
relation to the dividend declared by its Board of Directors on May 12, 2016. The dividend of
US$0.85 per share of common stock for the financial year 2015 to be made either wholly in cash or
in new shares of CYI's common stock ("Shares") at the option of the stockholder, will be paid on June 29,
2016 to shareholders of record at the close of business on May 26, 2016.
Based on the elections by Shareholders, the aggregate dividend will be paid in the form of approximately US$17.8 million in cash and 1,413,760 Shares. The number of Shares to be issued per share of common stock was
determined based on the volume weighted average trading prices of the Company's common stock on the New York Stock Exchange
during the period from June 20 to and including June 22, 2016 which
was US$11.0227 per Share. Further to the issuance of 1,413,760 Shares pursuant to the dividend
payment, the Company's outstanding shares of common stock will increase to 40,712,100.
Shareholders who did not make an election or failed to respond within the given timeline will receive the dividend entirely in
cash. CYI will pay fractional shares in cash which was determined based on the volume weighted average trading prices of the
Company's common stock on the New York Stock Exchange during the period from June 20 to and
including June 22, 2016 which was US$ 11.0227 per Share.
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), 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, the Company 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 significant market share in China with high-quality products and reliable after-sales support. In 2015, GYMCL sold 364,567 engines and
is recognized as a leading manufacturer and distributor of engines in China. For more
information, please visit http://www.cyilimited.com.
For more information, please contact:
Dixon Chen
Tel: +1-646-726-6511
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited