Highway Holdings Limited Accelerates Payment of Cash Dividend to Current Year

Highway Holdings Limited Accelerates Payment of Cash Dividend to Current Year

HONG KONG, Dec. 14, 2012 (GLOBE NEWSWIRE) -- Highway Holdings Limited
(Nasdaq:HIHO) today announced it will pay the previously declared cash
dividend of $0.03 per share on the company's common stock on December 28, 2012
to shareholders of record on December 21, 2012. The dividend was previously
scheduled to be paid on January 16, 2013 to holders of record on December 21,
2012.

About Highway Holdings

Highway Holdings produces a wide variety of high-quality products for blue
chip original equipment manufacturers -- from simple parts and components to
sub-assemblies and finished products. Highway Holdings' administrative offices
are located in Hong Kong, and its manufacturing facilities are located in
Shenzhen in the People's Republic of China.

Except for the historical information contained herein, the matters discussed
in this press release are forward-looking statements which involve risks and
uncertainties, including but not limited to economic, competitive,
governmental, political and technological factors affecting the company's
revenues, operations, markets, products and prices, and other factors
discussed in the company's various filings with the Securities and Exchange
Commission, including without limitation, the company's annual reports on Form
20-F.

CONTACT: Gary S. Maier
         Maier & Company, Inc.
         (310) 471-1288
 
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