Share’s code： 000550         Share’s Name： Jiangling Motors    No.： 2023—008
                200550                         Jiangling B


                     Jiangling Motors Corporation, Ltd.
      Public Announcement on Receiving Government Incentives

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 200 million appropriated by
Nanchang Xiaolan Economic and Technological Development Zone. The aforesaid
government incentives are related to the Company's routine operating activities, but
are unsustainable. In accordance with the requirements of the Accounting Standards
for Business Enterprises No.16 - Government Incentives, the aforesaid government
incentives are related to income and will be recorded into the profits and losses of the
Company in the first quarter of 2023.

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

Board of Directors
Jiangling Motors Corporation, Ltd.
March 31, 2023




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