| Share’s code： | 000550 | Share’s Name： | Jiangling Motors | No.： | 2024-045 |
| 200550 | Jiangling B |
Jiangling Motors Corporation, Ltd.Public Announcement on Resolutions ofthe Seventh 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 November 29, 2024.
II. Time, Place & Form of Holding the MeetingThe Board meeting was held in the Conference Center, 20th floor, JMC Building, Nanchang onDecember 10, 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 nine Directors were present.
IV. ResolutionsThe Directors present at the meeting approved the following resolutions based on their discussion:
1. 2025 Routine Related Party Transaction Forecast Proposal
The Board of Directors approved the 2025 forecast proposal for type A routine related partytransactions and authorized the Execute Committee to finalize detailed contracts with theindividual related parties and to submit them to the Shareholders’ Meeting for approval.
The Board of Directors approved the 2025 forecast proposal for type B routine related partytransactions and authorized the Execute Committee to sign detailed contracts with the individualrelated parties.
The proposal relates to related party transactions and has been reviewed at a special meeting ofthe Company's Independent Directors before being submitted to the Board of Directors forconsideration.
When voting on the proposal, Director Shengpo Wu, Director Ryan Anderson and Director XiongChunying withdrew from the voting on the related party transactions associated with Ford andits affiliates; Director Qiu Tiangao and Director Zhong Junhua withdrew from the voting on therelated party transactions associated with JMCG and its affiliates; Director Qiu Tiangao, Director
Zhong Junhua and Director Yuan Mingxue withdrew from the voting on the related partytransactions associated with Nanchang Jiangling Investment Co., Ltd. and its affiliates; all theother Directors agreed with the proposal.
Please refer to the Public Announcement on Forecast of the Routine Related Party Transactionsof JMC in 2025 published on December 12, 2024 in China Securities, Securities Times, HongKong Commercial Daily and the website http://www.cninfo.com.cn for details.
2. Personnel Proposal
Due to changes in work assignments, the Board of Directors decided that Mr. Yang Shenghua nolonger serve as a Vice President of the Company. Upon the nomination by the Company President,the Board of Directors approved the appointment of Mr. Chen Lei as a Vice President of theCompany.
Due to changes in work assignments, the Board of Directors decided that Mr. Liu Rangpo nolonger serve as a Vice President of the Company or as a Director of Jiangling Ford AutomobileTechnology (Shanghai) Co., Ltd., a subsidiary of the Company.
The Board of Directors nominated Ms. Zhong Junhua as a Director of Jiangling Ford AutomobileTechnology (Shanghai) Co., Ltd. and elected as the Chairman of Jiangling Ford AutomobileTechnology (Shanghai) Co., Ltd., and Mr. Jin Wenhui shall no longer serve as the Chairman ofJiangling Ford Automobile Technology (Shanghai) Co., Ltd., still serve as a Director of JianglingFord Automobile Technology (Shanghai) Co., Ltd.
The above-mentioned personnel changes shall take effect since January 1, 2025.
There were 9 votes in favor of the proposals, 0 vote against, and 0 abstention.
Mr. Yang Shenghua will not take any post in the Company after the aforesaid personnel changes.As of the disclosure date of the announcement, Mr. Yang Shenghua did not hold any JMC share.
Mr. Liu Rangpo will not take any post in the Company after the aforesaid personnel changes. Asof the disclosure date of the announcement, Mr. Liu Rangpo did not hold any JMC share.
Mr. Chen Lei’s ResumeMr. Chen Lei, born in 1979, holds a Bachelor's degree in Electrical Automation from JiangsuUniversity of Science and Technology and an MBA degree from Nanjing University ofAeronautics and Astronautics.
Mr. Chen Lei has served as the Director of Supplier Technical Assistance (STA) and ElectrifiedPropulsion Engineering (EPE) Supply Chain for Ford China, EPE Supply Chain Director forFord China’s EV Business, STA Director for Ford China, STA Director for Changan Ford, andthe Senior Manager of Electrical STA for Ford Asia Pacific.
As of the disclosure date of this announcement, Mr. Chen Lei did not hold any shares of theCompany. and has no relationship with the other shareholders holding more than 5% of the sharesof the Company and their actual controllers, as well as other Directors, Supervisors and seniorexecutives of the Company. Mr. Chen Lei has not been punished by China Securities RegulatoryCommission or other relevant Departments or taken disciplinary action by the Stock Exchanges,
and has not been investigated by judicial organs for suspected crimes or by China SecuritiesRegulatory Commission on suspicion of violations of laws and regulations. There are no thesituations on which he is prohibited to serve as a senior executive of the Company as stipulatedin the Company Law and the Articles of Association of the Company. Mr. Chen Lei meets thequalifications required in the laws, administrative regulations, departmental rules, normativedocuments, Rules Governing Listing of Stock on Shenzhen Stock Exchange and the Articles ofAssociation of the Company. After the inquiry of "National Court Information Disclosure andInquiry Platform of Persons Subject to Enforcement for Trust-breaking", Mr. Chen Lei does notbelong to the person subject to enforcement for trust-breaking.
The announcement is hereby published.
Board of DirectorsJiangling Motors Corporation, Ltd.December 12, 2024