Wu Qiwei resigned as a director of China Yuchai International Limited and as a director of its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, effective 27 October 2025.
The resignation follows Wu’s detention by Chinese authorities earlier that week; the company’s former chief accountant, Qin Xiaohong, was also detained. Wu had been serving as president of Guangxi Yuchai Machinery at the time of his resignation.
Following the resignation, the board of China Yuchai International Limited now consists of eight directors, including three independent directors, maintaining the same proportion of independent members. Chen Hai, vice president of Guangxi Yuchai Machinery, will act as president in Wu’s absence.
The company confirmed that business operations continue without interruption and that the resignation does not affect ongoing activities.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.