Share’s code：     000550      Share’s Name：   Jiangling Motors      No.：   2023-002
                     200550                        Jiangling B

                          Jiangling Motors Corporation, Ltd.
      Public Announcement on the 2022 Annual Preliminary Results

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.

1. Preliminary Results for the Current Period
a. The period: January 1, 2022 ~ December 31, 2022
b. Preliminary results: raised trend in the same direction
                                                                      Unit: RMB thousand
                   Item                     Reporting period            Same period last year
                                                (2022)                         (2021)
                                      Profit: 915,049.2
Profit Attributable to the
                                                                        Profit: 574,165.9
Company’s Equity Holders
                                      YoY Change (%): 59.37%

                                      Loss: 229,667.7
Net Profit After Deducting Non-
                                                                        Profit: 29,628.8
Recurring Profit or Loss
                                      YoY Change (%): -875.15%

Basic Earnings Per Share (RMB)        Profit :1.06 Per share            Profit: 0.67 Per share


2. Communication with the Accounting Firm
The financial data concerned in the announcement are not pre-audited by CPAs. The
Company has conducted a pre-communication with the accounting firm on the matters
related to the preliminary results, and there are no major differences between the Company
and the accounting firm in the financial data related to the announcement.

3. Explanation of the Reasons for the Change in Performance
In 2022, JMC achieved a total sales volume of 282,008 units, down by 17.3% compared
with last year, including 77,237 units of Light Bus, 64,727 units of Truck, 62,872 units of
Pickup, and 77,172 units of SUV.

In 2022, the Company’s Profit Attributable to the Company’s Equity Holders increased
by 59.37% compared with last year, mainly reflecting the increase of profit driven by the
received government incentives and disposal of the land and above-ground buildings and
construction in the Qingyunpu Plant of the Company, which offset the decrease of profit
resulted from the decreased sales volume and the increased cost of raw materials and chips.

The government incentives received by the Company in the current period, which are

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included in the current profit and loss, are about RMB 943 million, and the profit from the
disposal of land and above-ground buildings and construction in the Qingyunpu Plant of
the Company is about RMB 394 million, all of which are the impact of pre-tax profit. The
above-mentioned items are non-recurring profit and loss items.

4. Other Statements
The financial data of Year 2022 disclosed herein are preliminary accounting data, which
are not audited by CPAs and might differ from the final results disclosed in the annual
report. Investors are advised to pay attention to investment risk.

Board of Directors
Jiangling Motors Corporation, Ltd.
January 20, 2023




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