YHI to manufacture alloy wheels for Enkei

YHI International today announces the addition of Enkei Corporation as one of its clients and partners. Since 1975, YHI has been a distributor of Enkei's alloy wheels in Singapore. Starting from July 2006, YHI will officially start to manufacture "ENKEI TUNING" brand of alloy wheels through its manufacturing plants in Shanghai, Suzhou, Taiwan and Malaysia. This manufacturing agreement will secure for YHI at least an 8% utilization rate amongst its 12 manufacturing lines and the deal comes after YHI's announcement of its investment in Italy-based OZ Racing.

This latest announcement is also testament of YHI's status as a world-class manufacturer of alloy wheels and with its extensive distribution business across Asia-Pacific, the company looks set to grow with this latest deal. Moreover, by securing deals and partnerships with well-known alloy wheel manufacturers, YHI will form a stable network of clients and gain their distribution rights. Vested in this counter and most likely would continue to hold this stock for as long as possible for the company's vision and capable management.