Core Viewpoint - China Yuchai International Limited has announced the immediate termination of its share buyback plan, which was initially approved on June 7, 2024, allowing for the repurchase of up to US$40 million or 4 million shares [1][2]. Group 1: Share Buyback Plan Details - The share buyback plan allowed China Yuchai to repurchase ordinary shares up to a total of US$40 million or 4 million shares, whichever occurred first [2]. - As of the announcement, China Yuchai had repurchased 3,339,968 shares, totaling US$39,825,731 [2]. - Following the termination of the buyback plan, the company's outstanding shares will decrease from 40,858,290 to 37,518,322 [3]. Group 2: Company Overview - China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited, manufactures and sells a variety of engines for trucks, buses, passenger vehicles, construction equipment, marine, and agricultural applications in China [4]. - The company produces diesel, natural gas, and hybrid engines, and also diesel power generators [4]. - In 2023, Yuchai sold 313,493 engines, establishing itself as a leading manufacturer and distributor of engines in China [4].
China Yuchai Terminates Its Share Buyback Plan