China Yuchai International Limited (NYSE: CYD) said on Oct, 29 2025 that Guangxi Zhuang Autonomous Region authorities announced on Oct, 28 2025 that former director Wu Qiwei is suspected of serious violations of discipline and law.
The company noted that Mr. Wu is under disciplinary review by the Discipline Inspection Commission of Guangxi Yuchai Machinery Group Company Limited and is being investigated by the Yulin Municipal Supervisory Commission.
China Yuchai added that Mr. Wu resigned from his roles as a director of both the parent company and its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, effective Oct, 28 2025.
The Singapore-incorporated engine maker, founded in 1951, manufactures light-, medium- and heavy-duty engines and sold 356,586 units in 2024.