| Share’s code： | 000550 | Share’s Name： | Jiangling Motors | No.： | 2024-036 |
| 200550 | Jiangling B |
Jiangling Motors Corporation, Ltd.Public Announcement on Resolutions ofthe Sixth Session of the Eleventh Board of Directors
Jiangling Motors Corporation, Ltd. and its Board members undertake that the informationdisclosed herein is truthful, accurate and complete and does not contain any false statement,misrepresentation or major omission.
I. Informing of the MeetingThe 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, themembers of the Executive Committee and relevant persons on September 13, 2024.
II. Time, Place & Form of Holding the MeetingThe Board meeting was held in the No.1 Meeting Room, 20th floor, JMC Building, Nanchangon September 24, 2024. The procedure of convening and holding the meeting complied with thestipulation of the relevant laws, administrative regulations, departmental rules, normativedocuments and the Articles of Association of JMC.
III. Status of the Directors Attending the MeetingNine Directors shall attend this Board meeting and seven Directors were present. Vice ChairmanShengpo Wu did not attend this meeting due to other official arrangements, and has authorizedDirector Ryan Anderson to exercise voting rights on his behalf; Director Yuan Mingxue did notattend this meeting due to other official arrangements, and has authorized Chairman Qiu Tiangaoto exercise voting rights on his behalf.
IV. ResolutionsThe Directors present at the meeting approved the following proposal based on their discussion:
1.Proposal on the Adjustment of the Company’s External Auditor and C-SOX AuditorArrangementsThe Board of Directors recommended the dismissal of PricewaterhouseCoopers Zhong Tian LLP,re-selecting the Company’s external auditor and C-SOX auditor for the period from 2024 to 2026,and shall perform the approval process in accordance with relevant regulations.
The Audit Committee under the Board of Directors of the Company has considered the proposaland unanimously agreed to submit the proposal to the Board of Directors of the Company forreview.
The dismissal of the accounting firm is subject to the approval of the Shareholders’ Meeting ofthe Company.
There were 9 votes in favor of the proposal, 0 vote against, and 0 abstention.
The appointments of PricewaterhouseCoopers Zhong Tian LLP (hereinafter referred to as “PwC”)as the Company's external auditor and C-Sox auditor for the years 2024-2027 were approved bythe Shareholders’ Meeting of the Company respectively in June 2021 and in April 2024. In viewof the possible impact of the penalties against PwC, recently issued by Ministry of Finance ofthe People’s Republic of China, on the work of the Company’s 2024 annual report, and on theprinciple of prudence, the Board of Directors of the Company recommended dismissal of PwC.And subsequently, the Company shall re-select an accounting firm in accordance with theMeasures for the Administration of Selecting Accounting Firms for State-owned Enterprises andListed Companies (Caikuai (2023) No.4) and relevant laws and regulations, and shall conductreview and disclosure according to relevant regulations.
The announcement hereby is published.
Board of DirectorsJiangling Motors Corporation, Ltd.September 25, 2024