Yuchai Group Signs Cooperation with Chongqing Bonet Industrial

On the afternoon of March 30, 2006, in the Yulin Hotel Ace Hall, a signing ceremony was signed by Yuchai Group and Chongqing Bonnet Industrial Group Co., Ltd. in the Yulin Economic Development Zone. Yulin City Economic Development Zone Management Committee and Guangxi Yuchai Bonnet Electric Co., Ltd. signing ceremony. The signing ceremony was hosted by the deputy mayor of the municipal government Huang Mingfu. The deputy secretary of the municipal party committee, Liu Shengfu, addressed the signing ceremony. The leaders of the relevant departments of the municipal government, leaders of the Yulin Economic Development Zone, leaders of the Yuchai Group and leaders of the Chongqing Bonet Industrial Group Co., Ltd. attended the signing ceremony.

Guangxi Yuchai Bonite Electrical Appliances Co., Ltd. is a production enterprise specializing in the production of automobile generators and related automotive electrical products jointly funded by Yuchai Group Co., Ltd. and Chongqing Bonnet Industrial Group Co., Ltd. The project has settled in the Yulin Economic Development Zone with a total investment of RMB 120 million. The products mainly support Yuchai's various types of diesel engines. Under the premise of satisfying the needs of Yuchai Group, it will be supplied to other automobile plants or engine plants and will be supplied to external accessories. The wholesale agency market provides products. After the project is completed, it will annually produce 800,000 sets of related electrical products such as automobile motors and starters. The sales revenue will be 800 million yuan, and the profits and taxes will be 96 million yuan. The construction of the project will inject new vitality into the development of the Yulin Machinery Industrial Cluster.

Lu Hua, Secretary of the Work Committee of the Economic Development Zone of the Yulin City of the CPC, Liu Shiquan, Chairman of the Chongqing Bonnet Industrial Group, and Liu Shengfu, deputy secretary of the Yulin Municipal Committee delivered speeches at the meeting. Yu Ping, chairman of Yuchai Group also made a speech at the conference. He said that the cooperation between Yuchai and Chongqing Bonet Group is an important symbol of Yuchai’s integration of industrial capital and the goal of achieving a RMB 25 billion supporting industrial chain in the 11th Five-Year Plan. Yuchai’s contract with Bonnet was Yuchai Group is an important signal to integrate the industrial chain and strengthen and expand Yuchai. In the next two years, Yuchai will complete the restructuring and reform of the entire industry chain, and strive to achieve the Group's industrial scale to more than 100 billion sales. amount.

At the meeting, Yu Ping, chairman of Yuchai Group, and Liu Shiquan, chairman of Chongqing Bonnet Industrial Group Co., Ltd., signed the project cooperation agreement. Yu Shangshi Economic Development Zone Management Committee Chairman Chen Shangqiang and Yuchai Bonnet Electric Co., Ltd. Chairman Chen Qiuping Sign up.

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