| Share’s code： | 000550 | Share’s Name： | Jiangling Motors | No.： | 2023－006 |
| 200550 | Jiangling B |
Jiangling Motors Corporation, Ltd.Public Announcement on Resolutions of the Supervisory Board
Jiangling Motors Corporation, Ltd. and the members of its Supervisory Boardundertake that the information disclosed herein is truthful, accurate andcomplete and does not contain any false statement, misrepresentation or majoromission.
I. Time, Place & Form of Holding the MeetingA meeting of the Supervisory Board of Jiangling Motors Co., Ltd. (hereinafterreferred to as ‘JMC’ or the ‘Company’) was held in form of paper meeting fromMarch 17 to March 28, 2023. The procedure of convening and holding the meetingcomplied with the stipulation of the relevant laws, regulations and the Articles ofAssociation of JMC.
II. Status of the Supervisors Attending the MeetingFive Supervisors shall attend this meeting and five supervisors were present.
III. ResolutionsThe supervisors present at the meeting approved the following resolutions in form ofpaper meeting:
1. The Supervisory Board approved the 2022 Work Report of the Supervisory Board,and to submit it to the 2022 Annual Shareholders’ Meeting for approval.
There were 5 votes in favor of this proposal, 0 vote against, and 0 abstention.
The 2022 Work Report of the Supervisory Board was published on the websitewww.cninfo.com.cn.
2. The Supervisory Board approved the 2022 Annual Report of the Company and theExtracts from such Annual Report, and expressed its opinions as follows: theSupervisory Board believed that the procedure of the Board of Directors’ preparationand review of the 2022 Annual Report of JMC complied with the stipulations in thelaws, regulations and CSRC provisions, and the Report reflected truthfully, accuratelyand completely the Company’s actual situation and did not contain any false statement,misrepresentation or major omission..
There were 5 votes in favor of this proposal, 0 vote against, and 0 abstention.
The 2022 Annual Report of the Company and the Extracts from such Annual Reportwere published on the website www.cninfo.com.cn.
3. The Supervisory Board reviewed the 2022 Internal Control Self-assessment Reportof JMC and expressed its opinions on this Report as follows:
i. The Company has established integrated and complete internal control policies inaccordance with relevant requirements of Shenzhen Stock Exchange and the actualsituation of the Company, and implemented effective controls within all theoperational procedures;ii. The Company has established a complete internal control organizational structure.
An internal audit department has been set up and is sufficiently provided withprofessional staff, which ensures the effective internal control implementation andmonitoring; andiii. Considering the actual operating conditions of the Company, we believe theinternal control deficiency determination criteria defined by the Company isreasonable, and the Internal Control Self-assessment Report is authentic andaccurate.
There were 5 votes in favor of this proposal, 0 vote against, and 0 abstention.
The 2022 Internal Control Self-assessment Report of JMC was published on thewebsite www.cninfo.com.cn.
5. Regarding JMC 2022 Assets Impairment Provisions & Write-off proposal approvedby the Board of Directors of the Company, the Supervisory Board believed that it isconsistent with the Company’s actual needs and situation.
There were 5 votes in favor of this proposal, 0 vote against, and 0 abstention.
Please refer to the Public Announcement on the Resolutions of the Board of Directorsof JMC published in China Securities, Securities Times, Hong Kong CommercialDaily and the website (http://www.cninfo.com.cn) on March 30, 2023 for details ofJMC 2021 Assets Impairment Provisions & Write-off proposal.
The announcement is hereby published.
Supervisory BoardJiangling Motors Corporation, Ltd.March 30, 2023