Highway Holdings Receives Multi-Year OEM Order for Vacuum Cleaner Components

Highway Holdings Receives Multi-Year OEM Order for Vacuum Cleaner Components

HONG KONG, May 23, 2013 (GLOBE NEWSWIRE) -- Highway Holdings Limited
(Nasdaq:HIHO) today announced it received a multi-year order for vacuum
cleaner components valued at approximately $400,000 per year from a leading
international appliance manufacturer.

Production has already commenced, and an initial order of approximately three
million components has been delivered to the customer for vacuum cleaner kits
that require nine different plastic parts manufactured by Highway Holdings.

"We are gratified by this leading OEM's confidence in our capabilities and
quality and look forward to additional opportunities to work together," said
Roland Kohl, president and chief executive officer of Highway Holdings.

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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