ChBobII

An Open Letter to the Board of China Yuchai International Limited

I have held several thousand shares of CYD for several years and I want to thank you Mr. Delgado for pressing management to be more friendly to their shareholders. I bought in originally & held through the bad times because I believed in their product & market position. When I finally learned about the struggles ongoing at the senior mgt/board level I felt silly having held on but maybe now we will be rewarded with a good reorganization (now due to be announced). That might bring the stock to the attention of new buyers hungry to participate in the Chinese markets with a solid product underlying the investment.

China Yuchai International: A Shareholder Speaks Up

Good to see your activism in an attempt to get this otherwise good business to see that the good passes through to the shareholders. I have held the stock for a long time based on the good business story and it has been frustrating not to be a part of the Chinese growth story.