Received a capital increase of 1.1 billion yuan! Yuchai Group's second venture is full of enthusiasm

On March 15, 2019, the signing ceremony of Yuchai Group's capital increase and share expansion agreement was held in the Guangxi State-owned Assets Supervision and Administration Commission. The four strategic investors, including Guangxi Beibu Gulf Industrial Investment Fund Partnership (Limited Partnership), added RMB 1.1 billion to Yuchai Group.

The capital increase and share expansion is the most significant corporate equity change of Yuchai Group in recent years, which will inject a strong impetus into Yuchai Group's second venture.

Yuchai Group Capital Increase and Share Expansion Agreement Signing Ceremony

The investors of this capital increase include the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region, the Yulin Municipal State-owned Assets Supervision and Administration Commission, the Guangxi Beibu Gulf Industrial Investment Fund Partnership (Limited Partnership), and Guangxi Industrial Investment Development Co., Ltd. Yuchai Group and the investors of this capital increase signed the “Capital Increase and Share Expansion Agreement”.

This capital increase and share expansion is the implementation of the decision-making arrangements for the party committee and government of the autonomous region to promote the high-quality development of Guangxi's industry and the second venture of the machinery industry. The capital increase fund is mainly used for the development and development of Yuchai Group. It will focus on the company's strategic development plan for the next five years, be precise, specialize, strengthen, and expand the core strategic industrial chain of Yuchai Group, promote innovation, transformation and upgrading, and enhance the company's long-term Profitability and core competitiveness.

Deputy Director of the State-owned Assets Supervision and Administration Commission of the Autonomous Region, Deputy Secretary of the Party Committee, Inspector Nie Jiangwu, Deputy Director of the State-owned Assets Supervision and Administration Commission of the Autonomous Region Wang Xiaohua, Deputy Director of the Yulin Municipal State-owned Assets Supervision and Administration Commission, Chen Jun, Deputy Secretary of the Party Committee, Yu Ping, Chairman of Yuchai Group, Guangxi Beibuwan Investment Group Co., Ltd. Gao Xin, general manager of the company, Liu Zhanxiang, chairman and general manager of Guangxi Beibu Gulf Innovation and Development Investment Fund Management Co., Ltd., Ma Lei, deputy general manager of Guangxi Financial Investment Group Co., Ltd., and Xiang Jixin, chairman of Guangxi Industrial Investment Development Co., Ltd. attended the signing ceremony. .

Yuchai Group's capital increase and share expansion agreement signing ceremony site

In his speech at the signing ceremony, Nie Jiangwu pointed out that the capital increase of 1.1 billion yuan for Yuchai Group is not only an affirmation of Yuchai Group's long-term arduous struggle and persistence in entrepreneurial innovation, but also the support of the party committee and government of the autonomous region under the current background of state-owned enterprise reform. The specific measures for the development and growth of Yuchai Group. It is hoped that Yuchai Group will strengthen production management, speed up the improvement of corporate governance structure and modern management mechanism, focus on the main business according to market demand, and complete the goal of “building a 100 billion industrial cluster” endowed by the autonomous region, and make more progress for the development of the machinery industry in the whole region. Great contribution.

Muping said that Yuchai Group will take this opportunity to establish good cooperative relations with the parent groups of the parties and to condense more abundant resources for the company to accelerate the realization of leap-forward development. In the future, Yuchai Group will take Guangxi Machinery Industry's second venture as an opportunity, take Guangxi Advanced Equipment Manufacturing City (Yulin) as the carrier, and manage the enterprise with care, make good use of this capital increase and capitalization platform, and do a good job in project construction. Further improve the operating efficiency of the company and safeguard the rights and interests of investors with excellent performance.

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