Share’s code： 000550         Share’s Name： Jiangling Motors     No.： 2022-043
                 200550                         Jiangling B


                       Jiangling Motors Corporation, Ltd.
                     Public Announcement on Resolutions of
               the Eleventh Session of the Tenth Board of Directors

Jiangling Motors Corporation, Ltd. and its Board members undertake that the information
disclosed herein is truthful, accurate and complete and does not contain any false statement,
misrepresentation or major omission.

I. Informing of the Meeting
The Board of Directors of Jiangling Motors Corporation, Ltd. (hereinafter referred to as ‘JMC’
or the ‘Company’) sent out a written meeting notice to all the Directors, Supervisors, the
members of the Executive Committee and relevant persons on November 29, 2022.

II. Time, Place & Form of Holding the Meeting
The Board meeting was held in the No.1 Meeting Room, 20th floor, JMC Building, Nanchang
on December 9, 2022. The procedure of convening and holding the meeting complied with the
stipulation of the relevant laws, administrative regulations, departmental rules, normative
documents and the Articles of Association of JMC.

III. Status of the Directors Attending the Meeting
Nine Directors shall attend this Board meeting and eight Directors were present. Director Yuan
Mingxue did not attend this meeting, and he authorized Chairman Qiu Tiangao to exercise voting
rights on his behalf.

IV. Resolutions
The Directors present at the meeting approved the following resolutions based on their discussion:

1. 2023 Routine Related Party Transaction Forecast Proposal
The Board of Directors approved the 2023 forecast proposal for type A routine related party
transactions and authorized the Execute Committee to finalize detailed contracts with the
individual related parties and to submit them to the Shareholders’ Meeting for approval.

The Board of Directors approved the 2023 forecast proposal for type B routine related party
transactions and authorized the Execute Committee to sign detailed contracts with the individual
related parties.

When voting on the proposal, Director Shengpo Wu, Director Ryan Anderson and Director Xiong
Chunying withdrew from the voting on the related party transactions associated with Ford and
its affiliates; Director Qiu Tiangao and Director Jin Wenhui withdrew from the voting on the
related party transactions associated with JMCG and its affiliates; Director Qiu Tiangao, Director
Jin Wenhui and Director Yuan Mingxue withdrew from the voting on the related party


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transactions associated with Jiangling Motor Holdings Co., Ltd. and its affiliates; all the other
Directors agreed with the proposal.

Please refer to the Public Announcement on Forecast of the Routine Related Party Transactions
of JMC in 2023 published on December 13, 2022 in China Securities, Securities Times, Hong
Kong Commercial Daily and the website http://www.cninfo.com.cn for details.

V. Opinions from Independent Directors
Independent Directors, Mr. Chen Jiangfeng, Ms. Wang Yue, Mr. Yu Zhuoping, expressed their
opinions on the 2023 Routine Related Party Transaction Forecast Proposal in the eleventh session
of the tenth Board as follows:
1. We have been informed of the meeting agenda prior to the meeting;
2. We have known the routine related party transactions of the Company, and believe that the
    routine related party transaction forecast proposal is necessary and reasonable for the
    Company’s daily operation, and the voting procedure of the proposal complies with the
    relevant requirements of the laws & regulations;
3. In our opinion, where the actual amount of routine related party transactions of the Company
    occurring in 2022 is more than 20% below the forecast amount, it is due to the fact that the
    Company and related parties did not trigger or reduce the sales of goods and purchase of
    goods according to the actual needs of the Company. And, It is a normal business behavior,
    in line with the objective situation, and without harming the interests of the Company and
    minority shareholders.

Board of Directors
Jiangling Motors Corporation, Ltd.
December 13, 2022




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