#Hong Kong #Board of Directors #Highway Holdings #Corporate Strategy

Highway Holdings Announces New Board Appointments

Highway Holdings Limited (Nasdaq: HIHO) has made a significant strategic move by appointing four new directors to its Board of Directors. This decision marks a pivotal step in the company’s ongoing efforts to rejuvenate its leadership structure and align it with its long-term growth strategy. The newly appointed directors come from diverse backgrounds, bringing wealth of experience in finance, manufacturing, and business management, which aligns with the company's goal of fostering innovation and expanding its capabilities.

Understanding the Board Revamp

The restructuring of the board comes at a crucial time as Highway Holdings prepares for what it describes as a generational transition. Roland Kohl, the CEO and Chairman, emphasized that these appointments are meant to usher in a new era focused on growth, innovation, and effective governance. “We sought younger board members with diverse experiences and perspectives,” said Kohl. This board renewal aims not only to fill previous vacancies but also to ensure that the company's leadership is prepared for the evolving business landscape.

The four new directors are Patrick Michaels, Marcus Bagnall, Annie Leung Hoi Ling, and Brian Chu Chong Tat. Each brings unique expertise that enhances the board's capabilities:

• - Patrick Michaels - With over 30 years in investment banking and strategic advisory, Michaels has held significant roles such as Executive Chairman of Zuri-Invest AG. His experience is anticipated to strengthen the financial oversight and strategic direction of Highway Holdings.

• - Marcus Bagnall - With extensive knowledge of legal and regulatory affairs, Bagnall's role as a partner at Wiggin LLP equips him to tackle complex business issues, especially in the realm of corporate governance and compliance.

• - Annie Leung Hoi Ling - As an engineering expert and factory operator, Leung's practical experience in manufacturing will be invaluable as Highway Holdings looks to innovate its production processes and possibly branch out into new business areas.

• - Brian Chu Chong Tat - With a background in education and entrepreneurship, Chu's commitment to nurturing talent aligns well with Highway Holdings’ dedication to fostering a dynamic corporate culture.

A Vision for the Future

The newly formed board now consists of nine members, characterized by a balanced mix of ages, nationalities, and expertise. This diversity is not just for aesthetics; it is strategically important as the company seeks to broaden its operational scope beyond traditional manufacturing to minimize risks associated with over-reliance on specific market segments. Highway Holdings is progressively aiming to diversify its offerings, ensuring that it remains resilient in the face of market fluctuations.

As Highway Holdings embarks on this journey, the management's commitment is clear: leveraging the collective knowledge of their new directors while creating shareholder value through strategic initiatives. The company’s administrative headquarters in Hong Kong, along with its manufacturing facilities in Myanmar and China, positions it well geographically to tap into both Eastern and Western markets.

In summary, the latest board appointments signify Highway Holdings' proactive approach to not only adapt to the changing business landscape but also to position itself for future growth. The company appears committed to revitalizing its strategy while focusing on ongoing improvements in management and operational efficiency. By embracing this new leadership dynamic, Highway Holdings is setting a course for a promising future, one marked by innovation, accountability, and strategic vision.