Share’s code：   000550       Share’s Name： Jiangling Motors    No.： 2022—045
                   200550                       Jiangling B


                      Jiangling Motors Corporation, Ltd.
              Public Announcement of the 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.

Recently, Jiangling Motors Corporation, Ltd. (hereinafter referred to as “JMC” or the
“Company”) received government incentives of RMB 400 million appropriated by
Nanchang Xiaolan Economic and Technological Development Zone. The aforesaid
government incentives are related to income and will be recorded into the profits and
losses of the Company in 2022, in accordance with the requirements of the Accounting
Standards for Business Enterprises No.16 - Government Incentives. The specific
accounting treatment is subject to the results confirmed by the Independent Auditor.

The announcement is hereby published, and investors should pay attention to risks.

Board of Directors
Jiangling Motors Corporation, Ltd.
December 27, 2022




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