HIGHWAY HOLDINGS Business Summary

Highway Holdings Ltd (HIHO) operates as a fully integrated contract manufacturer, generating revenue through the production and sale of high-quality metal, plastic, and electronic components for original equipment manufacturers (OEMs). The company’s operations are divided into two primary segments: Metal Stamping and Mechanical OEM, which focuses on precision metal parts and subassemblies, and Electric OEM, which produces plastic and electronic components such as printed circuit boards and motors. Serving a blue-chip client base primarily in Germany and Europe, HIHO leverages a low-cost manufacturing footprint in Yangon, Myanmar, and Shenzhen, China, to maintain competitive margins. As of early 2026, the company is strategically diversifying into the automotive and aerospace sectors through the acquisition of a 51% stake in Regent-Feinbau Adermann GmbH. Within the micro-cap industrial manufacturing market, HIHO competes with firms such as Chicago Rivet & Machine, JE Cleantech Holdings, and Li Bang International, positioning itself as a specialized, high-precision niche player with a significantly smaller market capitalization and a more concentrated focus on European OEM partnerships than its broader peers. Leadership is anchored by founder Roland Walter Kohl, who has served as Chairman, President, and CEO since the company’s inception in 1990. Kohl, a mechanical engineer by training, brings over three decades of experience in managing Asian manufacturing operations, previously serving as Managing Director of Dialbright Company Limited. He is supported by Chief Financial Officer and Secretary Alan Chan, who joined in 2010 with a background in multinational finance at Laureate Education and DeCoro, and Chief Operating Officer Ringo Tsang, an expert in mechanical engineering and professional accounting. In February 2025, the company underwent a significant board rejuvenation to support its generational transition, appointing new directors including Patrick Michaels (investment banking), Marcus Bagnall (M&A and digital transformation), and Annie Leung Hoi Ling (engineering design and OEM operations). Roland Kohl remains a principal stakeholder, holding approximately 21% of the company’s outstanding shares.