July 27, 2018 – China
Yuchai International Limited (NYSE: CYD)(“China Yuchai” or the “Company”), announced today the
establishment of a new subsidiary, Guangxi Yuchai Exhaust Technology Co., Ltd
("YETC"), to design, produce and sell exhaust emission control
systems for Chinese commercial vehicles to meet the highest domestic emission
standard, China National VI.
YETC is a wholly owned subsidiary of Guangxi Yuchai
Accessories Manufacturing Company Limited ("YAMC"), which is a wholly
owned subsidiary of Guangxi Yuchai Machinery Co. Ltd. (“GYMCL”), the Company’s
main operating subsidiary. The
registered capital of YETC is RMB 62 million, contributed by internal funding.
Background of emission control
The new exhaust emission control systems are so-called
combination systems under China National VI – the strictest emission standard
for particulates, nitrogen oxide and hydrocarbons. This emission standard corresponds
to Euro 6 in Europe and EPA 10 in the USA. China National VI will result in a
further reduction of 80% for nitrogen oxides and 66% for particle mass compared
to the China National 5 standard.
of two subsidiaries
On a separate note, the following two subsidiaries
have been deregistered from the Company Registry of the People’s Republic of
China by GYMCL:
Nanjing Yuchai Machinery Marketing Company Limited
Ningxia Yuchai Machinery Monopoly Co., Ltd.