HONG KONG, Sept. 24, 2024 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, 'the Company' or 'Highway Holdings') today announced the Company's Board of Directors declared a cash dividend of $0.02 per common share. The dividend will be paid on October 11, 2024 to shareholders of record on October 4, 2024.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, 'We are pleased to maintain our long track record of consistently returning capital to shareholders while focusing on unlocking greater value in both up and down markets. Although we have not fully returned to pre-COVID business levels, we are seeing signs of improvement. The Company has maintained its financial strength, boosting our confidence in our long-term prospects and our ability to build on the positive momentum as we move through 2024.'