-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EksDXHinyGT3hm/A3ups0Zo8KzU0z4DckoZ7W0qbfK1QBzmvpenSWwvp6GIQWzpT
 fIf9+fINUVf5iEyw7mj//Q==

<SEC-DOCUMENT>0001144204-07-015452.txt : 20070330
<SEC-HEADER>0001144204-07-015452.hdr.sgml : 20070330
<ACCEPTANCE-DATETIME>20070330114609
ACCESSION NUMBER:		0001144204-07-015452
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070330
FILED AS OF DATE:		20070330
DATE AS OF CHANGE:		20070330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HIGHWAY HOLDINGS LTD
		CENTRAL INDEX KEY:			0001026785
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28990
		FILM NUMBER:		07730574

	BUSINESS ADDRESS:	
		STREET 1:		LEVEL 8 LANDMARK N 39 LUNG SUM AVE
		STREET 2:		STE 810
		CITY:			SHEUNG SHUI
		STATE:			K3
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		LEVEL 8 LANDMARK N 39 LUNG SUM AVE
		STREET 2:		STE 810
		CITY:			SHEUNG SHUI
		STATE:			K3
		ZIP:			999999999
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>v069988_6k.htm
<TEXT>
<html>
  <head>
    <title>
</title>
</head>
  <body bgcolor="#ffffff"><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
      D.C. 20549</font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>FORM
      6-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REPORT
      OF
      FOREIGN ISSUER</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PURSUANT
      TO RULE 13a-16 OR 15d-16 OF</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
      SECURITIES EXCHANGE ACT OF 1934</font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
      the
      month of March 2007</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">HIGHWAY
      HOLDINGS LIMITED</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="30%">
      </div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Translation
      of Registrant's Name Into English)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Suite
      810, Level 8</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Landmark
      North</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">39
      Lung
      Sum Avenue</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sheung
      Shui</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">New
      Territories, Hong Kong</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="30%">
      </div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
      of Principal Executive Offices)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Indicate
      by check mark whether the registrant files or will file annual reports under
      cover of Form 20-F or Form 40-F.)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Form&#160;20-F&#160;
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">x&#160;&#160;
      </font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Form&#160;40-F&#160;
      <font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Indicate
      by check mark whether the registrant by furnishing the information contained
      in
      this Form is also thereby furnishing the information to the Commission pursuant
      to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Yes
<font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o&#160;&#160;
</font>No
<font style="DISPLAY: inline; FONT-FAMILY: Wingdings">x</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(If
      "Yes"
      is marked, indicate below the file number assigned to the registrant in
      connection with Rule 12g3-2(b): 82-_______________.)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Attached
      to this Report on Form 6-K is the press release issued by the registrant on
      March 12, 2007. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">HIGHWAY
              HOLDINGS
              LIMITED</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:
              March 30, 2007</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;ROLAND
              W.
              KOHL</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2"><font style="FONT-FAMILY: " size="1">&#160;</font></td>
            <td align="left">
              <div>
                <hr style="COLOR: black" align="left" noshade size="2" width="80%">
              </div>
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Roland
                W. Kohl</font></div>
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                Executive Officer</font></div>
            </td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td>&#160;</td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>v069988_ex99.htm
<TEXT>
<html>
  <head>
    <title>
</title>
</head>
  <body bgcolor="#ffffff">
    <div><br><img src="v069988_hhl-logo.jpg" alt=""></div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">NEWS
          RELEASE</font></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div align="left">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

            <tr bgcolor="white">
              <td width="10%"><font size="2">CONTACT:</font></td>
              <td width="1%">&#160;</td>
              <td width="87%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Gary
                S. Maier/Crystal Warner </font></td>
            </tr>
            <tr bgcolor="white">
              <td width="10%">&#160;</td>
              <td width="1%">&#160;</td>
              <td width="87%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Maier
                &amp; Company, Inc.</font></td>
            </tr>
            <tr bgcolor="white">
              <td width="10%">&#160;</td>
              <td width="1%">&#160;</td>
              <td width="87%"><font size="2">(310)
                442-9852</font></td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>HIGHWAY
        HOLDINGS </strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXPANDS
        DOMESTIC BUSINESS WITH NEW OEM ORDERS</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>--
        Receives Tooling Order from Leading Printer Manufacturer --
</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>HONG
        KONG &#8212;March 12, 2007</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><em>&#8212;
        </em></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Highway
        Holdings Limited (Nasdaq:HIHO) today announced an expansion of its OEM business
        in the U.S. market with an initial order from Underwater Kinetics International
        (UK International), based in San Diego, California, for 140,000 component
        units
        for water-proof cases; and, another order from Virulite, LLC based in Costa
        Mesa, to produce tooling and an initial 10,000 units of its patented light
        technology device utilized for treating cold sores.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Highway
        Holdings also said it received a tooling order from a Chinese subsidiary
        of a
        leading U.S. printer manufacturer to produce certain metal components. In
        addition, the company recently commenced ongoing business as a supplier for
        a
        leading Japanese conglomerate for original equipment manufacturing of certain
        ventilation units built into modern kitchens. Terms for the preceding orders
        were not disclosed.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;These
        new domestic orders follow a recent announcement highlighting the company&#8217;s
        initial success in gaining a foothold in the U.S. market. In addition, the
        business from this international printer manufacturer and Japanese customer
        was
        the result of our long history and solid reputation among multi-national
        organizations,&#8221; said Roland Kohl, president and chief executive
        officer.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Kohl
        noted that the new domestic orders are the result of the company&#8217;s ongoing focus
        on gaining OEM manufacturing business from U.S.-based customers. &#8220;We look
        forward to strengthening our relationships with these new customers and we
        are
        optimistic that our efforts will produce a broader customer base in the U.S.
        market,&#8221; Kohl added.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>About
        Highway Holdings:</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 complete products. It also manufactures finished products, such as LED
        Lights, radio chimes and other electronic products. Highway Holdings is
        headquartered in Hong Kong and operates four manufacturing facilities in
        the
        People's Republic of China.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -12.6pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>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&#8217;s various filings with the Securities and Exchange Commission, including
        without limitation, the company&#8217;s annual reports on Form 20-F.
</em></font></div>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>v069988_hhl-logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 v069988_hhl-logo.jpg
M_]C_X``02D9)1@`!`@$`;P!O``#_X08317AI9@``34T`*@````@`!P$2``,`
M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q
M``(````4````<@$R``(````4````AH=I``0````!````G````,@```!O````
M`0```&\````!061O8F4@4&AO=&]S:&]P(#<N,``R,#`W.C`S.C(Y(#(R.C(T
M.C4T``````.@`0`#`````?__``"@`@`$`````0```9"@`P`$`````0```(``
M````````!@$#``,````!``8```$:``4````!```!%@$;``4````!```!'@$H
M``,````!``(```(!``0````!```!)@("``0````!```$Y0````````!(````
M`0```$@````!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``O_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`"D`@`,!(@`"$0$#$0'_W0`$``C_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`/54DDDE*2247O8P`O<&@D`$F-3P$E,DDSG-8W<XAK1R
M3H$Z2E))*EU#-^RV8['GTZKW.8ZX#<6NC]&W9[OI_P"EV/8S_KJ2FZDH4ML9
M4UMK_4>T0ZR-LG][:%($$2-04E+I)))*4DDDDI22222G_]#U5))))2E1ZU]F
M=TR^K*:+*+@*GL,ZBPBJ/;[OSU>4+;/3:'03)#=.TZ;G?R41H04'8O.Y/VHX
MU-&>'N/3LW%J9:\2,@^O0ZG*GZ;W4X3_`-9?_-?:_M'_`'&5VWJCKK+JA6+*
MJKL9K7>]LEV2_$N[;OU9V/ZG[G_6/TUM\Y](>&%MDF8]CNWR^CK]).W,K<8#
M+)\"TCL7Q_FI_%WCXK>'M+P<]G5\VT4.;576,C(]"'%Y?7#+W/;?6&-VO]6B
MMK/TFRSU?^+]4K,FK'ZODMS'"IUS6'$L>8:ZL"+*:W.]OJ,OWV65_3_25JR<
M^H-:7,L]PGVL<Z!&[W0%$YF+>#6^I[VZ2U]3H[_O-32+VC21IN;:=;<C)>XN
MR;+=K'NR*:7M#`^6^ECUVUUM?[F>K_A/6^AO5MF1Z5===58+&M8&,8"!M)#'
M,9/_`''9[_\`R"G5E8[6!M=;F,;P`P@"?=H&A(=0I-7J[;(XV^F[=J"_Z,?R
M4*/9-A&,[)(8/0]SMH(DQ)]3<6^W^:_1L_2?\(I?;K#J*B6AS@[DN`]IJM:T
M-]];F6-]7\^O^PD>IUAT>E:6DN`<&D_0]/\`-^E[O4_\#4SG5`@;+=03/INB
M!IX)<)[*L=V=%MECK&O;M]-VR1,'3?N;_8>S_KGJ(RJ_;F[B/3?]%KVDM.NX
M%VW^2YD>]+]HT;2_;86S`BMQGCW1M^CJEPGLJPVDE&NP6-WM!`,CW`@Z';PY
M202__]'U5))))2DDDDE+0)F-1W3I))*4DDDDI22222E))))*4DDDDI22222G
M_]G_[0JP4&AO=&]S:&]P(#,N,``X0DE-!"4``````!``````````````````
M````.$))30/M```````0`&\````!``$`;P````$``3A"24T$)@``````#@``
M```````````_@```.$))300-```````$````>#A"24T$&0``````!````!XX
M0DE-`_,```````D```````````$`.$))300*```````!```X0DE-)Q``````
M``H``0`````````!.$))30/U``````!(`"]F9@`!`&QF9@`&```````!`"]F
M9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4````!`"T````&
M```````!.$))30/X``````!P``#_____________________________`^@`
M````_____________________________P/H`````/__________________
M__________\#Z`````#_____________________________`^@``#A"24T$
M"```````$`````$```)````"0``````X0DE-!!X```````0`````.$))300:
M``````-)````!@``````````````@````9`````*`%4`;@!T`&D`=`!L`&4`
M9``M`#$````!``````````````````````````$``````````````9````"`
M``````````````````````$`````````````````````````$`````$`````
M``!N=6QL`````@````9B;W5N9'-/8FIC`````0```````%)C=#$````$````
M`%1O<"!L;VYG``````````!,969T;&]N9P``````````0G1O;6QO;F<```"`
M`````%)G:'1L;VYG```!D`````9S;&EC97-6;$QS`````4]B:F,````!````
M```%<VQI8V4````2````!W-L:6-E241L;VYG``````````=G<F]U<$E$;&]N
M9P`````````&;W)I9VEN96YU;0````Q%4VQI8V5/<FEG:6X````-875T;T=E
M;F5R871E9`````!4>7!E96YU;0````I%4VQI8V54>7!E`````$EM9R`````&
M8F]U;F1S3V)J8P````$```````!28W0Q````!`````!4;W`@;&]N9P``````
M````3&5F=&QO;F<``````````$)T;VUL;VYG````@`````!29VAT;&]N9P``
M`9`````#=7)L5$585`````$```````!N=6QL5$585`````$```````!-<V=E
M5$585`````$```````9A;'1486=415A4`````0``````#F-E;&Q497AT27-(
M5$U,8F]O;`$````(8V5L;%1E>'1415A4`````0``````"6AO<GI!;&EG;F5N
M=6T````/15-L:6-E2&]R>D%L:6=N````!V1E9F%U;'0````)=F5R=$%L:6=N
M96YU;0````]%4VQI8V5697)T06QI9VX````'9&5F875L=`````MB9T-O;&]R
M5'EP965N=6T````115-L:6-E0D=#;VQO<E1Y<&4`````3F]N90````ET;W!/
M=71S971L;VYG``````````IL969T3W5T<V5T;&]N9P`````````,8F]T=&]M
M3W5T<V5T;&]N9P`````````+<FEG:'1/=71S971L;VYG```````X0DE-!!$`
M``````$!`#A"24T$%```````!`````(X0DE-!`P`````!0$````!````@```
M`"D```&````]@```!.4`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O
M8F5?0TT``O_N``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/
M#`P/%1@3$Q43$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P!#0L+#0X-$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`"D`@`,!(@`"$0$#$0'_W0`$
M``C_Q`$_```!!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!
M``````````$``@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q
M!4%181,B<8$R!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-4
M9$7"HW0V%])5XF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6
MYO8W1U=G=X>7I[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q
M(A,%,H&1%*&Q0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,7
M9$55-G1EXO*SA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='
M5V=WAY>GM\?_V@`,`P$``A$#$0`_`/54DDDE*2247O8P`O<&@D`$F-3P$E,D
MDSG-8W<XAK1R3H$Z2E))*EU#-^RV8['GTZKW.8ZX#<6NC]&W9[OI_P"EV/8S
M_KJ2FZDH4ML94UMK_4>T0ZR-LG][:%($$2-04E+I)))*4DDDDI22222G_]#U
M5))))2E1ZU]F=TR^K*:+*+@*GL,ZBPBJ/;[OSU>4+;/3:'03)#=.TZ;G?R41
MH04'8O.Y/VHXU-&>'N/3LW%J9:\2,@^O0ZG*GZ;W4X3_`-9?_-?:_M'_`'&5
MVWJCKK+JA6+*JKL9K7>]LEV2_$N[;OU9V/ZG[G_6/TUM\Y](>&%MDF8]CNWR
M^CK]).W,K<8#+)\"TCL7Q_FI_%WCXK>'M+P<]G5\VT4.;576,C(]"'%Y?7#+
MW/;?6&-VO]6BMK/TFRSU?^+]4K,FK'ZODMS'"IUS6'$L>8:ZL"+*:W.]OJ,O
MWV65_3_25JR<^H-:7,L]PGVL<Z!&[W0%$YF+>#6^I[VZ2U]3H[_O-32+VC21
MIN;:=;<C)>XNR;+=K'NR*:7M#`^6^ECUVUUM?[F>K_A/6^AO5MF1Z5===58+
M&M8&,8"!M)#',9/_`''9[_\`R"G5E8[6!M=;F,;P`P@"?=H&A(=0I-7J[;(X
MV^F[=J"_Z,?R4*/9-A&,[)(8/0]SMH(DQ)]3<6^W^:_1L_2?\(I?;K#J*B6A
MS@[DN`]IJM:T-]];F6-]7\^O^PD>IUAT>E:6DN`<&D_0]/\`-^E[O4_\#4SG
M5`@;+=03/INB!IX)<)[*L=V=%MECK&O;M]-VR1,'3?N;_8>S_KGJ(RJ_;F[B
M/3?]%KVDM.NX%VW^2YD>]+]HT;2_;86S`BMQGCW1M^CJEPGLJPVDE&NP6-WM
M!`,CW`@Z';PY202__]'U5))))2DDDDE+0)F-1W3I))*4DDDDI22222E))))*
M4DDDDI22222G_]D`.$))300A``````!5`````0$````/`$$`9`!O`&(`90`@
M`%``:`!O`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`
M<P!H`&\`<``@`#<`+@`P`````0`X0DE-!`8```````<``0````$!`/_A$DAH
M='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I;CTG
M[[N_)R!I9#TG5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED)S\^"CP_861O8F4M
M>&%P+69I;'1E<G,@97-C/2)#4B(_/@H\>#IX87!M971A('AM;&YS.G@])V%D
M;V)E.FYS.FUE=&$O)R!X.GAA<'1K/2=835`@=&]O;&MI="`R+C@N,BTS,RP@
M9G)A;65W;W)K(#$N-2<^"CQR9&8Z4D1&('AM;&YS.G)D9CTG:'1T<#HO+W=W
M=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R<@>&UL;G,Z:5@]
M)VAT='`Z+R]N<RYA9&]B92YC;VTO:5@O,2XP+R<^"@H@/')D9CI$97-C<FEP
M=&EO;B!A8F]U=#TG=75I9#HQ.3%D-S%F9"UD938U+3$Q9&(M.3%A8BUC-3=B
M.#(P9C9E9#`G"B`@>&UL;G,Z>&%P34T])VAT='`Z+R]N<RYA9&]B92YC;VTO
M>&%P+S$N,"]M;2\G/@H@(#QX87!-33I$;V-U;65N=$E$/F%D;V)E.F1O8VED
M.G!H;W1O<VAO<#HQ.3%D-S%F8BUD938U+3$Q9&(M.3%A8BUC-3=B.#(P9C9E
M9#`\+WAA<$U-.D1O8W5M96YT240^"B`\+W)D9CI$97-C<FEP=&EO;CX*"CPO
M<F1F.E)$1CX*/"]X.GAA<&UE=&$^"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2=W)S\^_^X`
M#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\,#`\5&!,3%1,3
M&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`$-"PL-#@T0
M#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,_\``$0@`@`&0`P$B``(1`0,1`?_=``0`&?_$`3\```$%
M`0$!`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$``````````0`"
M`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$%05%A$R)Q@3(&
M%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D1<*C=#87TE7B
M9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]C='5V=WAY>G
MM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B$P4R@9$4H;%"
M(\%2T?`S)&+A<H*20U,58W,T\24&%J*R@P<F-<+21)-4HQ=D154V=&7B\K.$
MP]-UX_-&E*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8G-T=79W>'EZ>WQ__:
M``P#`0`"$0,1`#\`]522224I))))2DDDDE*22224I))))2DDDDE*22224I))
M))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*
M22224I))))2DDDDE*22224I))))2DDDDE*22224__]#U5))))2DDDDE*2222
M4I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I)1?976-
MUC@P>+B`/Q28]CVAS'!S3P09"2F22222E))))*4DDDDI22222E))))*4DDDD
MI22222E))))*4DDDDI22222E))))*4DDDDI__]'U5))))2DDDDE*22224I))
M))2DDDDE*223)*722224I))))2DDDDE*22224I))))2EF]9ZA=BBG'QH^T93
M]C''4-'!?_TEI+'^L73W9-#,FIX9=CF6R=H(/\H_GZ>U)3;'2,%S?T]?VAY'
MNLMESC_G?1_LINF]+;TXVBNUSJ;'2RH\,^"S^F?6:NT,HRV.%Q(:'L$M<3IP
M/HK>24I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))
M))2DDDDE*22224__TO54DDDE*22224I))))2DDDDE*22224I4^H]-P\^ES<A
MFYP:X,L!+7-D<L>V'-5Q#R'[,>UY_-8X_<$02#H@@$$'5XKZC9^3B91Z9GV.
M<W.9]IPWO<73M+J[&@N_>V;EW*XWJ'2[;/JGTSJ.((S^EU5Y-1B21`?:S_OZ
MZ##ZYAY/1&]8+MM'I&RS^26C])7_`%M_M4V8<1XXC<\$A_6&W^,PX3P#@)V'
M%$G]S_T%Q?K[U+)9T^S"PW%KFM;=EV-,%E1<*ZF;F_G76_\`0K6[T7!Q\/I]
M`J!W/J8;'DESG';])SGD^*P.LX=P^J'4<S+;&9G;<BX?N#<ST*/ZM%7M_P`]
M=)TMP/2\1W8T5G_H-0G0Q`#I(@_UM(I@"<ID>L8D#]W63:3+$S/K,<?$_:5>
M'9;TUC]EMY.QX;/I^LS'>-SZMZT\K.IQL)V:YK[*FMWQ4TN<6QND-"C,)"M-
MS7U9!.)O7;7Z,>F7YU^+ZF?CC$OW.'I!P>-H,,?N'[[5;5+I'4F]3Z;3U`,-
M++P7-8X@D-!<T;H_JJGD?6(U8O[2JQ77],:3OR&.&[8#M=D,H/TZ?[>]'@D9
M$`5K5>/[JN("()-Z7?A^\[*2R>K_`%@IZ?TK]IT4OS*G-#V.JC9!C:^RP_09
M[D^-UG*R<G%K9@7?9<EA<[+=#6M(;O\`YMWZ38[^6AP2JZTU_P":KCC=7KI_
MSMF_F95>)C69%GT:Q,>)_-;_`&EE]/PG=2:.H=3_`$GJ:T8Y_FV-_-.S\YR;
MZV.<.G,:.'6"?D'+3Z>6NP<<L^CZ3(_S0FKDK*JJQ%;&L'@T`?D3V65U-W6.
M#&CNX@#\5)8%6'3UO+R+\JQQKHL-55#3``'Y[OZZ2G4/5NF-,')K_P`X(-_7
M^E5,)]<6'LVN23\(6=U'HW3\6["-57LLN%=K22=P</,K8HZ9T_&=OIH8QP_.
MB2/FY)36^K]%]."77[@ZY[K&M>27!I^CNW+355F<;FFS&J==6"0'R&AT<^GN
M^FI?;6%E1:QWJ7#<RHP'0/I%^NUNU)38256O.:<C[+<PTW$;F!T%KP.?3>W]
MU-3U!EF;9A/8:[JVA^I!#@?W2$E-M)5<G/KHR*<;:7VWD[6B-`!])TJ)SS]J
MLQ6TO=94P6&"V"TZ#;JDIN)*J>HXWV%V<'32T$GL9&FR/WMR,ZW]#ZM;?4$;
M@!&HY[I*2)*MA9U&=1ZU!F-',.CFN'YKT-_42S&?DG'L+:G.:]HVEWM.USHW
M?124W4E6=F#TJ;*V&WUXV!I'<;IY^BK`F-=#X)*722224I))))2DDDDE*222
M24I))))3_]/U5))))2DDDDE*22224I))))2DDDDE*5#KF53B](S+KG!C12\"
M>Y+2UK1_6<KZKY&!A93FNR:*[RT0WU&AT?YR,:!!.R)600-T/1'5/Z-A"LM>
MS[/6-#(^@T%<MTWI&51]8LGH0/\`DAMC>H%A[B?T-(_X/UOI_P#$+L,?"P\6
M?LU%=&[D5M#9C^JB[&[B^!O(@NC6!VE/&3AXJ_2[]_WEAQ\0C>\>W4?NN']=
M\JBGZMYC+7AK[F!E;20"XES?HJUT+,H=]7\2]K@]M>,POVZD;&0\1_95R_I^
M!DO%F1C57/`@.L8UQ`\)>"GHPL/&W?9Z*Z=VCO38&S\=H0XH\`C1N^)/">,R
ML57#3R_6>JW]3^J&1G%]./1DU$U4?3L(#HVN?N8UMG]2M;CK:#]7WFM[7,9B
M$$@@@16C5=&Z537955B5,9<"+&A@@AWT@?ZR*.GX+<;[*,>L8X_P.P;/\R-J
M)G&@`"`)<0\D"$K))!)CP_5QN@,?D?4FBK'/Z1^(YC(_>(>W_JD#ZJGHM_1J
M&9&S[3B-]+(IO=)8]OM=^BM.UK?[*Z.C$Q<8$8]3*0>0QH:/^BANZ;TY^1]I
M?BU.R/\`2EC2[_/C<D<@/%N.*7$*5[9])T/".$VY7UNMQV_5/--9:*GU!M8&
M@,N:&!JU\*RM^+3L<"/3;P9[!/D8F+E!K<FEES6F6BQH<`?[2>C%Q<8$8]+*
M0>0QH;/^:FF0X:UNR?M7")XC+P`^QK]7P3G8-E#?YSZ5<_O-X6/T+K+<4?L_
M.FK82&.=IM_X.S]U=*J6?TC!S];F19P+&Z._\R35S<:YK@'-(<#P1J%5QL#%
MPK<B^LEOKG>^3[1'[OWK*'U9RJ#^IYSZQX$$?]0Y6*_J^^R#U#+MR0/\'):S
MYZI*6%O[6ZG4ZG7"P27&SL^WAH9_46GEU/NQ;:F&'O8YK3YD0IU554UMJJ:&
M,;HUK1`"FDIH=)OI;@5U/(JLQVAEM;M"TMT,R@V9#:NIT9KC^J9%/I-L.@:[
M=O9N_=;8M)U-3S+V-<?$@%2+6ENT@%IT@\)*:&:UN3F88J(<ZBPVO<-0UFTM
M@G_A'*OE@.=?FXS@Z_#MWP#)+`Q@NK_M-6LRMC!M8T-'@!`2;76V=K0)Y@`)
M*<:YS1EX&1>0RW(M+BUQU:PL<*J_]?\`"(Q<X]=N;58QKCCL'NU_.=P):M(U
M5N,N8TGQ("?TZ]V[8W=S,"924YS<6IA9TZDM>*@;;P\ZN+Y`W!O[SM[TW2KP
MS%NPK7@VX1=63/+.:W_YOM6EL8';@T;CWC5-Z56OL;KSH-4E.4W%?Z-/4.G.
M;]H%;197/LM:!]!\?X3]QZO=.M%^+ZNTL]1SR6.Y'N,M<K#6-:(:`T>`$)P`
M.!"2G,Z6RIF=FTL=+*'@4LF0P/'J6-9_;6HHMKK:9:T`^(`"DDI22222E)))
M)*4DDDDI22222E))))*?_]3U5))))2DDDDE*22224I))))2DDDDE*225'J5U
MK+L.EKBRJ^[9:\:&`U[V5[OS?5>W8B!9I!-!O)*I8ZG"<"R2_(>VMK"X[=QW
M0?=NV?10F=3LLLJJ91[['6,?+@`TU.#7_F^_Z7L2X3T5Q!T$EFCK&TEUM!;2
M'W5[VNW$.IWN.YD-]KVU/2NZN:JWN-!<X,KM8`X0YECO2^G'M<Q'@EV5Q!TD
ME3.>YF15COK`?:'`[7@[7-;ZNWCZ.W\Y"JZI:ZG'+J=V1DU^LVICI]@V;O<X
M-]WZ5#A*N(.BDJ/5KK:J\=K'&MEU[*K;!RUCIX=^9O>&5;OY:G<<?"=ZHW%]
MKF5AFXD$N=L:[W;MGTOII<.WBJ_P;:2SG=6>'"MN.76[[:W`N`:#4WU?IQ[F
MV,_DJ)ZU%)M^SNU918QNX:LO=Z;?ZKJW?21X)=E<0=-)9HZNX.VV4%IW7,T<
M#[J6FSP;[;&!,>LD5>IZ!,U46@;A_AW>GLX_P:7!+LKB#II+/;GFUU3;*G,?
M]H=2X-?H"QC[=Q/M]1CF-^@I#J#SCG)%;32YH=0[>`72"[W-+?9Q^;ZB'"5<
M0;R2SF]4=:;"VK]"S&9DSNAY]0/<&#3_`(/]Y..IL95+:W.;2VGU9,N`MC:=
M?YS;^>CPE7$'026<SJKG7^D:"&FRVIK@X$EU(+_HP/YQK?WE8P<QN91ZK1L(
M<6N8?I-(Y98TANQ[4#$A5C9LI+.=U<#U`*MQ8^I@AX@BX[6.W#]U(=3]6MU7
MI@9'Z8&O?I^B/IO(MC^4W\Q'A/97$'126?B-_P`A5`N)/V8'<29G9,[_`*2J
MXO5+,;IF--9O+<-F18\OU(`:+/I;MS_STN$FZ[TKBV=I)9S^L,K=>+*RT8QF
MPR"=A:UU-H;_`,*Y_IJ;NHNK?2RZEU7K/+-[C[`0X,9[VC_#3^BW[$.$]E<0
M;R2H4]2L>UF^IK7W6V54MW:'TC8TE[MOM_FDJ.IOR+::ZZ#%K'/>7.`V['^C
M:V(=OVN2X2KB#?265U9[F9N*0RRX>G>74UN@NVM86_G,]W[JEBYSZ\#$$G-O
MNK+VEIC<&P7>YWY[6O\`SD>`T#W1Q"R.SII+*IR?L[NHVZOVWR&N='%-=A:W
M=N_S6*3NJ/>,HBJ::*&VR'0\[VNLVC]WZ/[R7"4\0=-)43U%M8(#"YE3JJ[3
M,N!M#=CH_/\`YQF]0KZLY]H8:"`XW-9M<"2Z@[7-VPW^<_,]R'">RN(.BDJ^
M#EMS*!<T;=2TL,RTCECVN#7,>W\YJL($5HE22222E))))*?_U?54DDDE*222
M24I))))2DDDDE*22224I0MJKN8:[6A['<M(D*:22D/V/&VN;Z8(?&Z=2=OT-
M3^XG&+CAU;Q6`ZF16?W=WTX_K(J2-GNJ@TL#!^SBXV-:7VW66`B3[7NW"=WY
MVWZ2,<'#-3J32WTWQN9&AVG<S_-1TDC(W:*"$X>*;O7]-OJR';^\@>GN_P`S
MV*+<'#:VMK:F@4DFO^23SM5A)*SW308V5UVL-=C0]CA#FD2"$,8>,&N;Z8(>
M`UP.LAOT1[OW49)"U4A.'C'9-;3Z>[9Y;QML_P`]0/3L$MVFENT-8R(TVUG=
M4W_K;OHJRDC9[HH=D`PL4.#Q4W<USK`8_.>(L?\`VU`=,P`S8*&;8`B.S3ZC
M&_V'_15I)*SW50[(1AXP=N%;=P>;9_ED;39_6VJ`Z=@ANP4M#0[>&@:!VON:
M/S?IN5E)*SW50[(!@X@B*FB*_2_ZW_H_ZNJ?[)C2QWIMFL!K#'`;]$?V49)*
MSW50[-<8&&""*6R'/>#'YU@VVN_ZXBUU5U-V5M#6]P._;5322LIH-5O3<!K=
MK:&`>TQ'^C.ZK_MMWT%(X&&8FEIAYL&GY[OIO_M_G*PDE9[E%#LB&+0W'&*&
M`4!NP5]MO&U#_9N`&;/09L]/T=L:>GSZ7]164DK/=5#LB.-CG?-;3ZC0Q\CZ
M31,,=_)]R88F,W9%8_1B&=X$[O\`OJ,DA932#['B[7-]-L/<;"/Y1UW_`,ER
MD,:AMC;6L`>QNQKAV:==B*DC9501OHI?:RYS`;*I%;^XW?2C^LA_8,.9])OT
M_4'D\_2>W]W?^>K"25GNJ@UW8&&XN)I:2]_J.,<O+?3+_P#MOV)?8,."WTFP
MY@J(\6#0,/\`)5A)*SW10[(OLN/O;9Z;=[``TQKI]'_-4!@83=L4M&W?MTX]
M3^>_[<_/5A)*SW5085U5U-V5M#6^`4TDD$J22224I))))3__UO54DDDE*222
M24I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2D
MDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*2222
,4I))))2DDDDE/__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
