China Yuchai International Subsidiary Adopts Equity Incentive Plan

China Yuchai International Limited announced that its newly-incorporated subsidiary, Guangxi Yuchai Intelligent Manufacturing Technology Co., Ltd. (Yuchai IMT), has implemented an equity incentive plan. Yuchai IMT was incorporated in May 2026 with a registered capital of RMB 20 million, with Yuchai contributing 92% (RMB 18.4 million). The plan allows participants to contribute the remaining RMB 1.6 million for approximately 8% of Yuchai IMT's registered capital. The equity interest is held through a limited liability partnership vehicle established by the participants, who hold direct interests subject to lock-up restrictions. The scheme aims to align employee interests with Yuchai IMT's long-term growth, incentivize sustained performance, and foster dedication and institutional loyalty. Yuchai IMT's principal activity is to integrate and digitalize Yuchai's existing equipment manufacturing businesses.