China Yuchai International Appoints Two New Directors
February 02 2010 - 5:52AM
PR Newswire (US)
SINGAPORE, Feb. 2 /PRNewswire-Asia-FirstCall/ -- China Yuchai
International Limited (NYSE:CYD) ("China Yuchai" or the "Company"),
announced today that its Board of Directors has appointed Mr. Yew
Chye Ching and Mr. Eng Kwee Tan as new Directors, effective
February 2, 2010. Mr. Yew Chye Ching who has been designated as an
independent director of the Company, is an experienced management
and IT professional. He joined Accenture, a global management and
technology consulting firm in 1982. During his career with
Accenture, Mr. Ching worked primarily with clients in the financial
services industry in ASEAN and his assignments included strategic
information planning, design and implementation of major IT
systems, and bank reorganization and integration arising from
mergers. From 1997 to his retirement in 2007, Mr. Ching assumed
various regional senior management roles at Accenture, including
Managing Partner of the Financial Services Industry Group (Asia),
Geographic Council Chairman (Asia) and Managing Partner for South
Asia Region. Mr. Ching was a member of the Accenture Global
Executive Committee (2001-2004) and served on several
Committees/Task Forces to craft Accenture's global strategy. Mr.
Ching is currently an independent non-executive director of HSBC
Bank Malaysia Bhd and Avenue Invest Bhd and is also a member of the
advisory board of Yorkville Advisors HK Ltd. Mr. Ching graduated
with a BSc (Hons) from the University of London in 1976. Mr. Eng
Kwee Tan is the Chief Financial Officer of Hong Leong Asia Ltd with
more than 20 years of corporate, accounting and financial
experience. During his 10-year tenure from 1995 to 2006 at the Gold
Coin Group, Mr. Tan assumed the various positions of Chief
Financial Officer, Group Chief Operating Officer, Group Logistics
Director and Group Business Development Director. He has also
worked in various capacities in financial management with Scomi
Group Berhad, ABN Amro Bank, Insurance Corporation of Singapore
Ltd., CS First Boston and Esso Singapore Pte Ltd. Mr. Tan received
his Bachelor of Accountancy from The University of Singapore and an
MBA from the Cranfield School of Management, UK. He is a fellow
member of the Chartered Association of Certified Accountants (UK)
and an associate member of the Institute of Chartered Secretaries
& Administrators (UK). With the two new appointments, the Board
of Directors is now comprised of 11 members out of which four are
independent directors. 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 array of light-duty,
medium-sized and heavy-duty diesel engines for construction
equipment, trucks, buses, and cars in China. GYMCL also produces
diesel power generators, which are primarily used in the
construction and mining industries. Through its regional sales
offices and 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, GYMCL 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 2008, GYMCL sold approximately 372,000 diesel engines
and was consistently ranked No. 1 in unit sales by China
Association of Automobile Manufacturers. For more information,
please visit http://www.cyilimited.com/ . For more information,
please contact: Kevin Theiss / Dixon Chen Grayling Tel:
+1-646-284-9409 Email: DATASOURCE: China Yuchai International
Limited CONTACT: Kevin Theiss, , or Dixon Chen, , both of Grayling,
+1-646-284-9409 Web site: http://www.cyilimited.com/
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