江铃B：关于2024年日常关联交易的预计公告(英文版)

Jiangling Motors Corporation, Ltd.Public Announcement on Forecast ofthe Routine Related Party Transactions in 2024

Jiangling Motors Corporation, Ltd. and its Board members undertake that theinformation disclosed herein is truthful, accurate and complete and does notcontain any false statement, misrepresentation or major omission.

I. Brief IntroductionThe Board of Directors of Jiangling Motors Corporation, Ltd. (hereinafter referred toas "JMC" or the "Company") approved the 2024 routine related party transactionforecast proposal on December 8, 2023.

The routine related party transaction forecast proposal covered all the related partieswith JMC, where total annual transaction with each of them is projected to be overRMB 46 million. These related parties were clarified as Type A and Type B. Type Ameans the related parties with JMC, where total annual transactions with each of themis projected to be over RMB 460 million, and Type B means the related parties withJMC, where total annual transactions with each of them is projected to be betweenRMB 46 million and RMB 460 million.

This proposal relates to related party transactions and has been reviewed at a specialmeeting of the Company's Independent Directors before being submitted to the Boardof Directors for consideration.

The Board of Directors approved the 2024 forecast proposal for type A routine relatedparty transactions and authorized the Execute Committee to finalize detailed contractswith the individual related parties and to submit them to the Shareholders’ Meetingfor approval. When voting on the proposals at the shareholders’ meeting, Ford MotorCompany (“Ford”) will withdraw from the voting on the related party transactionsassociated with Ford and its affiliates; Nanchang Jiangling Investment Co., Ltd.(“JIC”) will withdraw from the voting on the related party transactions associatedwith Nanchang Jiangling Investment Co., Ltd. and its affiliates, associated withJiangling Motors Group Co., Ltd. (“JMCG”) and its affiliates, and associated withChangan Automobile Co., Ltd. and its affiliates.

The Board of Directors approved the 2024 forecast proposal for type B routine relatedparty transactions and authorized the Execute Committee to sign detailed contractswith the individual related parties.

Nine directors shall attend this meeting and nine were present.

When voting on the proposal, Director Shengpo Wu, Director Ryan Anderson andDirector Xiong Chunying withdrew from the voting on the related party transactionsassociated with Ford and its affiliates; Director Qiu Tiangao and Director Jin Wenhuiwithdrew from the voting on the related party transactions associated with JMCG andits affiliates; Director Qiu Tiangao, Director Jin Wenhui and Director Yuan Mingxuewithdrew from the voting on the related party transactions associated with NanchangJiangling Investment Co., Ltd. and its affiliates; all the other Directors agreed with theproposal.

II. Types and amounts of routine related party transactions

1. Main Content and amounts of routine related party transactions in 2024

i. Type A, which means the related parties with JMC, where total annualtransactions with each of them is projected to be over RMB 460 million, are listedas follows:

RMB million

Powertrain(Jiangxi) Co., Ltd.

ii. Type B, which means the related parties with JMC, where total annual transactionswith each of them is projected to be between RMB 46 million and RMB 460 million,are listed as follows:

RMB million

Changan FordAutomobile Co., Ltd.

2. Main Content and amounts of routine related party transactions in 2023

RMB million

JMCG and itssubsidiaries

Jiangxi ISUZUEngine Co., Ltd.

Disclosure date and index of the Forecast Proposal of Routine Related Party Transactions In2023: the No. 2022-044 announcement, published on the website www.cninfo.com.cn onDecember 13, 2022.

III. Brief Summary of Related Parties

Magna PTPowertrain (Jiangxi)Co., Ltd.

Financial information of the related parties in 2022 was shown as follows:

RMB million

After inquiry, all the above mentioned related legal persons are not the persons to beexecuted for dishonesty.

Performance capability analysis: the above-mentioned related parties can strictlyabide by the contract agreements in their business dealings with the Company.Combined with the main financial indicators and business conditions of the relatedparties, the related parties are fully capable of performing their transactions with theCompany.

IV. Main Content of the Routine Related Party Transaction

1. Transaction Pricing Mechanism

When the Company sells goods to or purchases goods from related parties, if the priceof the same products is offered in the market, the Company will use the market price.If unable or difficult to obtain comparable market data for prices of unique productsor services, prices are determined through the process of supplier quotes, costingassessment and negotiation.

2. Signing of Related Party Transaction Contracts

According to the actual progress of production and operation, the Company will signspecific contracts in time on an equal basis with the related parties.

V. Purpose of Related Party Transactions and Impact on JMCAll the above-mentioned related party transactions are regular and recurringtransactions between JMC and the related parties, and they are necessary for JMC tomaintain its daily operation. The goods purchased from the related parties are mainlyunique parts for JMC products.

The transactions between JMC and the related parties follow the principles of fairness,openness and justice, the transaction price is fair. All the transactions comply with therequirements of relevant laws and regulations, which do not damage the interests ofthe Company and minority shareholders.

VI. Opinions at the Special Meeting of Independent DirectorsBefore the Company's 2024 routine related party transaction forecast proposal issubmitted to the Board of Directors for consideration, it has been reviewed at the2023 first special meeting of Independent Directors of the Eleventh Board ofDirectors of the Company and approved by all the Independent Directors. TheIndependent Directors of the Company issued the following review opinions on theCompany's 2024 routine related party transaction forecast proposal:

1. The amount of the Company's 2024 routine related party transactions is forecastedto be based on the normal business needs, conform to the Company’s actualmanagement needs, and the related party transactions follow the principle of objective,just and fair trading, without damaging the legitimate interests of the Company andshareholders, especially the legitimate interests of minority shareholders, in line withthe relevant regulations of China Securities Regulatory Commission and ShenzhenStock Exchange.

2. Where the actual amount of routine related party transactions of the Companyoccurring in 2023 is more than 20% below the forecast amount, it is due to the factthat the Company and related parties did not trigger or reduce the sales of goods andpurchase of goods according to the actual needs of the Company. It is a normalbusiness behavior, in line with the objective situation, and without harming theinterests of the Company and minority shareholders.Therefore, all the Independent Directors agree to the proposal, and agree to submit

this proposal to the Board of Directors of the Company for consideration, and therelated Directors should withdraw from voting in accordance with the regulations.

VII. Documents for Reference

1. Resolutions of the Third Session of the Eleventh Board of Directors of JMC;

2. Opinions of the Independent Directors at the special meeting on the Company's2024 routine related party transaction forecast proposal

Board of DirectorsJiangling Motors Corporation, Ltd.December 12, 2023