江铃B：2023年年度报告摘要(英文版)

Jiangling Motors Corporation, Ltd.Extracts from 2023 Annual Report

§1 Important Note

These extracts are extracted from the original of annual report. Investorsshould carefully read the original in the website designated by CSRC fordetails of the Company’s operating results, financial status and futuredevelopment plans.

All Directors were present at the Board meeting to review this Annual Report.

Note on abnormal opinions of the Auditor

□Applicable ?Not Applicable

Proposal on profit distribution or converting capital reserve to share capitalreviewed by the Board of Directors, regarding common stock during thereporting period?Applicable □Not Applicable

Proposal on converting capital reserve to share capital

□Applicable ?Not Applicable

The year 2023 profit distribution proposal approved by the Board of Directorsis as follows:

A cash dividend of RMB 6.84 (including tax) will be distributed for every 10shares held based on the total shares capital of 863,214,000 shares, and thereis no stock dividend. The Board decided not to convert capital reserve to sharecapital this time.

Proposal on profit distribution reviewed by the Board of Directors, regardingpreferred stock during the reporting period

□Applicable ?Not Applicable

§2 Summary

1. Brief introduction

2. Core business or products in the reporting period

During the reporting period, the Company's main business is the productionand sale of commercial vehicles, SUVs and related components. The mainproducts include JMC light truck, Pickup, light bus, Ford-branded light bus,MPV, Pickup and other commercial vehicles and SUV products. JMC alsoproduces engines, frame, axle, and components. The Company takes highquality development as the main line, focuses on value, lean operation, andtransforms from scale expansion development to lean value growth.

For 2023, JMC continued to increase its technological reserves andinvestment in new products, intelligent connection network, new energy andlightweighting, and strengthened its digital operation capability to realize thetransformation of “four online”, including “products online” “customers online”“processes online” and “employees online”. Through digital technology, theCompany improved operational efficiency, optimize business processes andinnovative business models, and focused on customer-centered integration ofthe whole value chain. Meanwhile, JMC actively expanded its capacityoperation and used car business, integrated intelligent technology into itsservice system, and gradually formed a customer-centered commercial vehicleecosystem to focus the entire life cycle of automobiles and provided customerswith all-around solutions. JMC actively laid out the RV business and off-roadpickup and modified car market to create unique products and lead the markettrend; at the same time, the Company accelerated the demonstrationoperation of mass production of intelligent driving and created industry-leadingautomatic driving solutions through close cooperation with its partners.

In 2023, JMC planned the productivity of 330 thousand units and the utilizationrate was 93%.

3. Main accounting data and financial ratios

3.1 Main accounting data and financial ratios in the past three years

Unit: RMB

3.2 Main accounting data quarterly

Unit: RMB

Whether the above financial indicators or their totals are materially differentfrom those disclosed in the quarterly reports and half-year report of theCompany

□Yes ?No

4. Share Capital and Shareholders

4.1 Top ten shareholders

Participation of top ten shareholders in the lending of shares in the refinancingbusiness

□Applicable ?Not Applicable

Change in the top ten shareholders from the previous period due to therefinancing business

□Applicable ?Not Applicable

4.2 Total shareholders and top ten shareholders holding preferred shares

□Applicable ?Not Applicable

There was no shareholder holding preferred shares in the reporting period.

4.3 Ownership and control relations between the Company and the actualcontrolling parties

5. Company Bond

□Applicable ?Not Applicable

§3 Major events

During the reporting period, there was no significant change in JMC's businesssituation.

SASACNanchang State-owned Assets Supervision

and Administration Committee

Nanchang State-owned Assets Supervision

and Administration Committee

100%

Chongqing Changan Automobile Co., Ltd.

50%

Nanchang Jiangling Investment Co., Ltd.

32%

Jiangling Motors Co., Ltd.