#Highway Holdings #Myanmar #Earthquake #Yangon

Update on Highway Holdings Post Myanmar Earthquake

On April 3, 2025, Highway Holdings Limited (Nasdaq: HIHO) released a statement confirming that its operations in Myanmar have remained stable following the recent earthquake that struck the region on March 28. The earthquake's epicenter was near Mandalay, approximately 400 miles from the company’s manufacturing facilities located in Yangon. Thankfully, there have been no reports of damage or injury affecting employees or the infrastructure of Highway Holdings.

Roland Kohl, the chairman, president, and CEO of Highway Holdings, expressed gratitude for the numerous inquiries regarding the company's safety post-earthquake. He reassured stakeholders that the company's operations continue uninterrupted, and the factory was spared from any disaster-related damage. The manufacturing site was intentionally designed with a robust metal structure to endure seismic activity, reflecting the company's commitment to ensuring a safe working environment.

A Commitment to Resilience and Safety

Kohl emphasized the resilience of the company's operation, acknowledging its status as a fruitful investment. The workforce in Myanmar is valuable, with operating costs significantly lower than those in other regions, which enhances the company's competitive advantage. Highway Holdings prides itself on being a socially responsible manufacturer, dedicated to the welfare of its employees.

In light of the tragedy experienced by many due to the earthquake, Highway Holdings took a proactive approach by offering financial assistance to employees whose families are affected, instead of making broad donations to institutions. This decision underscores the company’s priority to ensure that aid reaches those directly impacted by the disaster.

Looking Ahead

As Highway Holdings looks to the future, they maintain a positive outlook regarding their continued presence in Myanmar. The company's strategic position, coupled with its strong employee base, is expected to contribute greatly to its growth trajectory. Kohl mentioned that the safety of employees remains paramount and the company hopes to continue thriving in Myanmar amidst the challenges the region may face.

Highway Holdings Limited serves as a prominent international manufacturer of various quality components for major equipment producers, predominantly located in Germany. With administrative offices in Hong Kong and manufacturing facilities in Yangon, Myanmar, and Shenzhen, China, the company is well-equipped to handle disruptions and ensures seamless operations across its global network.

For further information regarding Highway Holdings and their up-to-date operations, visit www.highwayholdings.com.

This announcement is part of Highway Holdings' ongoing efforts to keep shareholders informed about the company's performance, especially in light of natural calamities. The firm emphasizes transparency and aims to address any concerns regarding the stability of its operations.