Core Insights - Hilco Commercial Industrial and Ritchie Bros. Auctioneers are collaborating to monetize assets owned by Highway Equipment Company, a prominent provider of material handling equipment since 1933 [1][2] - The asset sale will feature over 2,700 pieces of equipment, including mobile crushing units, tracked screening plants, excavators, articulated dump trucks, and various other essential machinery [2] Company Overview - Highway Equipment Company has been a leading name in the highway, construction, oil and gas, mining, quarry, and industrial material handling equipment sectors for over 90 years [1] - Hilco Commercial Industrial specializes in customized acquisition, disposition, and advisory solutions for commercial and industrial assets, establishing a strong reputation for delivering results [3] - Ritchie Bros. Auctioneers is a global asset management company that provides end-to-end solutions for buying and selling used heavy equipment, with operations in over 14 countries and a network of 60+ auction sites [5] Equipment Details - The asset sale includes a diverse range of equipment, such as: - 10+ Mobile Crushing Units - 15+ Tracked Screening Plants - 35+ Tracked Excavators - 20+ Articulated Dump Trucks - 15+ Crawler Tractors - 20+ Wheel Loaders - 30+ Track Loaders - 40+ Skid Steers [2] Strategic Collaboration - The partnership between Hilco Commercial Industrial and Ritchie Bros. aims to maximize visibility and foster competitive bidding for the assets, benefiting buyers worldwide [2] - The sale is positioned as an opportunity for industry players to enhance their operations with high-quality equipment tailored for demanding applications [2]

Core Points - Goodyear Tire & Rubber Company is accepting nominations for its annual Highway Hero Award, which recognizes commercial truck drivers for their extraordinary acts of courage and contributions to highway safety since 1983 [1][2][4] - The award aims to highlight the vital role of truckers in the supply chain and their willingness to assist others on the road [4][6] Nomination Process - Nominations are open until December 31, 2024, for drivers with a Commercial Driver's License (CDL) who have performed heroic acts while on the job [3][5] - Eligible nominees must be full-time commercial drivers operating vehicles with rim sizes greater than 19 inches and must have acted heroically between January 1, 2024, and December 31, 2024 [5] Award Details - The award winner will be announced in 2025 and will receive cash prizes and a ride on the Goodyear Blimp, with up to two runners-up also receiving cash prizes [4][5] - A panel of judges will select the winner from an approved list of nominees [4] Company Background - Goodyear is one of the largest tire companies globally, employing approximately 71,000 people and operating 55 facilities in 22 countries [7] - The company has been enabling mobility since 1898 and continues to innovate in the tire industry [6][7]

Financial Performance - Second quarter revenue increased by 60.1% year over year, reaching $2.12 million compared to $1.32 million in the same period last year[1] - Gross profit for the second quarter rose by 117.8% year over year, totaling $834,000, with a gross profit margin of 39.4% compared to 29.0% in the prior year[3] - The company reported a net income of $231,000 for the second quarter, compared to $213,000 in the same period last year, reflecting a currency exchange gain of $58,000[5] - Interest income for the second quarter was approximately $58,000, attributed to rising interest rates, with a total of $103,000 for the first half of fiscal year 2025[6] Expenses - Selling, general and administrative expenses increased to $724,000 from $272,000, primarily due to a reversal of bad debt provisions in the previous year[4] Assets and Liabilities - Cash and cash equivalents amounted to $5.6 million, or approximately $1.28 per diluted share, exceeding all short- and long-term liabilities by approximately $1.4 million[7] - Total assets as of September 30, 2024, were $11.0 million, with total shareholders' equity of $6.8 million[7] Future Projects and Strategy - The company is set to launch a new motor project with production expected to start in the fiscal third quarter of 2025, which is anticipated to positively impact revenue growth[2] - The company is evaluating numerous potential ventures as part of its growth strategy, aiming to enhance future performance[2] - The company remains cautiously optimistic about improving business conditions despite ongoing challenges from the macro environment[2]

Core Points - Highway Holdings Limited declared a cash dividend of $0.02 per common share, to be paid on October 11, 2024, to shareholders of record on October 4, 2024 [1] - The company aims to consistently return capital to shareholders while focusing on unlocking greater value in varying market conditions [1] - Although the company has not fully returned to pre-COVID business levels, there are signs of improvement, and it maintains financial strength, boosting confidence in long-term prospects [1] Company Overview - Highway Holdings is an international manufacturer of various quality parts and products primarily for blue chip equipment manufacturers based in Germany [2] - The company's administrative offices are located in Hong Kong, with manufacturing facilities in Yangon, Myanmar, and Shenzhen, China [2]

Core Insights - Highway Holdings Limited has received an initial order of 100,000 units for a new model of brushless electric motor from a major strategic customer, marking a significant development for the company [1] - The new motor was specifically designed and manufactured by the company as an Original Design Manufacturer (ODM), rather than an Original Equipment Manufacturer (OEM) [1] - The development of this motor faced delays of over three years due to the COVID-19 pandemic and its aftermath, despite starting nearly five years ago [1] Company Overview - Highway Holdings is an international manufacturer providing a variety of quality parts and products primarily for blue chip equipment manufacturers based in Germany [2] - The company's administrative offices are located in Hong Kong, with manufacturing facilities in Yangon, Myanmar, and Shenzhen, China [2] - The new brushless electric motor is expected to significantly boost production volume and contribute to revenue growth in the near future [1]

Highway Transport, a North American leader in liquid chemical transportation, will begin integrating the Battle Born All-Electric APU into their fleet.The Battle Born All-Electric APU offers a comprehensive lithium iron phosphate (“LiFePO4”) based power solution that is expected to reduce Highway Transport’s fuel costs while increasing sustainability through emission reductions.This agreement demonstrates another major step forward for Dragonfly Energy as the Company continues to penetrate the commercial tr ...

HONG KONG , Aug. 1, 2024 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO) today reported financial results for the first quarter of fiscal year 2025 ended June 30, 2024.Net sales for the first quarter of fiscal year 2025 ended June 30, 2024 increased 39.3% to $1.88 million compared with $1.35 million in the first quarter of fiscal year 2024. Net gain for the first quarter of fiscal year 2025 was $98,000, or $0.02 per diluted share, compared with net loss of $338,000, or a loss of $0.08 per diluted sh ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, $0.01 par value per share HIHO NASDAQ Capital Market Preferred Share Purchase Rights N/A NASDAQ Capital Market FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2 ...

Exhibit 99.1 NEWS RELEASE HIGHWAY HOLDINGS RESTATES UNAUDITED FINANCIAL STATEMENTS FOR 3 AND 9 MONTHS ENDED DECEMBER 31, 2023 RESULTING IN HIGHER NET INCOME FOR BOTH PERIODS HONG KONG –July 12, 2024 – Highway Holdings Limited (Nasdaq: HIHO) (the "Company" or "Highway Holdings") today announced it has restated its unaudited quarterly financial statements for the three and nine months ended December 31, 2023, which were released in an earnings press release on February 1, 2024. The decision to restate the fin ...

HONG KONG, July 12, 2024 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO) (the "Company" or "Highway Holdings") today announced it has restated its unaudited quarterly financial statements for the three and nine months ended December 31, 2023, which were released in an earnings press release on February 1, 2024. The decision to restate the financial statements was approved on July 12, 2024 by Highway Holdings' Board of Directors upon the recommendation of the Audit Committee of the Board of Directors ...