compelling and merits an in-depth look. I would encourage all investors to review the public SEC filings on China Yuchai International, Limited and make their own investing decisions. I am aware that I do not have the fund size of the likes of Dan Loeb of Third Point, Carl Ichan of Icahn Management LP, or Warren Lichtenstein of Steel Partners who immediately grab headlines when they engage in their activist tactics, but as a Registered Investment Adviser, I have a fiduciary responsibility to my clients to do what I believe is right for the companies that they (and my firm) are invested in; and to date in my opinion, the Board and executive management of CYI are failing in their fiduciary obligations.