Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2025—035

200550 Jiangling B

Jiangling Motors Corporation Ltd.Public Announcement on Year 2024 Dividend Distribution

Jiangling Motors Corporation Ltd. and its Board members undertake that the

information disclosed herein is truthful accurate and complete and does not

contain any false statement misrepresentation or major omission.Special note:

1. The proposal on dividend distribution of Jiangling Motors Corporation Ltd.

(hereinafter referred to as “JMC” or the “Company”) for the year 2024 was approved at

the Company’s 2024 Annual Shareholders’ Meeting held on June 24 2025 and the

proposal on dividend distribution is as follows: based on the Company’s total share

capital of 863214000 shares of which the total number of A shares is 519214000

shares and the total number of B shares is 344000000 shares as of 31 December 2024

a cash dividend of RMB 7.12 (including tax) per 10 shares is to be distributed to

shareholders. No bonus shares will be issued and no capital reserves will be used to

increase share capital. If the Company's share capital changes due to share repurchases

or other reasons prior to the equity registration date for the implementation of this profit

distribution plan the Company will recalculate the distribution ratio based on the

remaining number of shares after deducting the number of shares in the repurchase

account from the total share capital in accordance with the principle of ‘fixed total cash

dividend amount’.

2. As of the disclosure date of this announcement there are 8570478 shares in the

Company's share repurchase special account. According to the Shenzhen Stock

Exchange Listing Rules for Listed Companies No. 9 — Share Repurchase shares in the

repurchase special account do not have profit distribution rights. The number of shares

with distribution rights is 854643522.

3. After the implementation of this dividend distribution the reference prices per share

after ex-rights and ex-dividends calculated based on the total share capital of the

Company's A-shares and B-shares respectively are as follows:

The total amount of cash dividends distributed for A-shares (including taxes) = the actual

number of A-shares participating in this dividend distribution (excluding repurchased

shares) × the actual cash dividend per share = 510643522 shares × RMB 0.71914 per

share (including taxes) = RMB 367224182.41 (including taxes). The cash dividend

(including tax) per 10 shares calculated based on the Company's total A-share capital

(including repurchased shares) = the total amount of cash dividends distributed for A-

shares ÷ A-share capital (including repurchased shares) × 10 i.e. RMB 7.072694

(including tax) = RMB 367224182.41 (including tax) ÷ 519214000 shares × 10. After

1the implementation of this dividend distribution in accordance with the principle of

unchanged stock market value the total share capital of the Company remains

unchanged before and after the dividend distribution. The A-share ex-rights and ex-

dividends price = the closing price of A-shares on the equity record date – RMB

0.7072694 per share;

The cash dividend for Company B-shares is RMB 7.1914 per 10 shares (equivalent to

HKD 7.8767 per 10 shares with an exchange rate of HKD: RMB = 1:0.9130). After the

implementation of this dividend distribution the ex-rights and ex-dividends price for B-

shares = the closing price of B-shares on the last trading day - HKD 0.78767 per share.I. Review and approval of the Proposal on Dividend Distribution at a Shareholders’

Meeting

1. The proposal on dividend distribution of Company for the year 2024 was approved

at the Company’s 2024 Annual Shareholders’ Meeting held on June 24 2025 and

the proposal on dividend distribution is as follows: based on the Company’s total

share capital of 863214000 shares as of 31 December 2024 a cash dividend of RMB

7.12 (including tax) per 10 shares is to be distributed to shareholders. No bonus

shares will be issued and no capital reserves will be used to increase share capital.If the Company's share capital changes due to share repurchases or other reasons

prior to the equity registration date for the implementation of this profit distribution

plan the Company will recalculate the distribution ratio based on the remaining

number of shares after deducting the number of shares in the repurchase account

from the total share capital in accordance with the principle of ‘fixed total cash

dividend amount.’

2. As of the disclosure date of this announcement there are 8570478 shares in the

Company's share repurchase special account shares in the repurchase special

account do not have profit distribution rights. Therefore the actual 2024 profit

distribution plan of the Company is as follows: Based on the total distributable shares

of 854643522 shares (calculated as the Company’s total outstanding shares of

863214000 shares minus 8570478 repurchased shares) and adhering to the

principle of "fixed total cash dividend amount" the Company shall distribute a cash

dividend of RMB 7.191400 per 10 shares (including taxes) to all shareholders.

3. The distribution of dividends and relevant adjustment principles are consistent with

the proposal on dividend distribution approved at the Shareholders’ Meeting after

deducting the number of shares in the Company's repurchase account the

distribution ratio was adjusted accordingly in accordance with the principle of ‘fixed

cash dividend amount’.

4. The implementation of the dividend distribution plan is less than two months away

from the date when the shareholders’ meeting approved it.

2II. Proposal on Dividend Distribution

The proposal on dividend distribution of the Company for the year 2024 is as follows:

based on the Company's existing total share capital of 854643522 shares after

deducting 8570478 repurchased shares a cash dividend of RMB 7.191400 (including

tax) per 10 shares is to be distributed to shareholders. After tax qualified foreign

institutional investors (QFII and RQFII) holding the Company’s A-shares individual

shareholders and securities investment funds holding the Company’s pre-IPO limited

tradable A-shares will receive a cash dividend of RMB 6.472260 per 10 shares.Individual shareholders holding the Company’s post-IPO limited tradable A-shares

equity incentive limited tradable A-shares or unlimited tradable A-shares will receive

their dividends at differentiated tax rate i.e. receive a cash dividend of RMB 7.191400

per 10 shares firstly and pay taxes per actual shareholding period in case investors reduce

their holdings of shares after equity record day (Note). Regarding the tax on dividends

of securities investment funds holding the Company’s post-IPO limited tradable A-

shares equity incentive limited tradable A-shares or unlimited tradable A-shares Hong

Kong investors will pay tax at 10% of tax rate and domestic investors will pay tax at

differentiated tax rate. Non-resident enterprise shareholders holding the Company’s B-

shares and individual shareholders holding the Company’s pre-IPO limited tradable B-

shares will receive an after-tax cash dividend of RMB 6.472260 per 10 shares. Domestic

and foreign individual shareholders holding the Company’s unlimited tradable B-shares

will receive their dividends at differentiated tax rate i.e. receive a cash dividend of RMB

7.191400 per 10 shares firstly and pay taxes per actual shareholding period in case

investors reduce their holdings of shares after equity record day.Note: shareholding period will be counted on securities account and apply “First-InFirst-Out”. Regarding the shareholding period within one month (including one month)

the shareholder will pay extra tax of RMB 1.438280 per 10 shares when selling the

shares; regarding the shareholding period between over one month and one year

(including one year) the shareholder will pay extra tax of RMB 0.719140 per 10 shares;

regarding the shareholding period over one year there is no extra tax payment.Special statement: as the Company is a joint venture the foreign individual shareholders

may temporarily be exempt from dividend income tax.The cash dividend paid to the shareholders holding B shares shall be paid in Hong Kong

Dollars converted at HKD 1.00 = RMB 0.9130 being the middle rate of the exchange

rates between HK dollar and RMB quoted by the People’s Bank of China on the first

business day (June 25 2025) immediately after the relevant resolutions were passed at

the Company’s Shareholders’ Meeting. The tax to be paid by the individual shareholders

holding B shares withheld in the future shall be converted according to the

aforementioned exchange rate.III. Equity Record Date and Ex-dividend Date

1. Equity record date for A shares: August 19 2025;

3Ex-dividend date: August 20 2025.

2. Last trading date for B shares: August 19 2025;

Ex-dividend date: August 20 2025;

Equity record date for B shares: August 22 2025.IV. Beneficiaries

1. All the A-share holders of the Company who have registered with China Securities

Depository and Clearing Corporation Ltd. Shenzhen Branch as of the afternoon

closing of Shenzhen Stock Exchange on August 19 2025.

2. All the B-share holders of the Company who have registered with China Securities

Depository and Clearing Corporation Ltd. Shenzhen Branch as of the afternoon

closing of Shenzhen Stock Exchange on August 22 2025 (the last trading date is

August 19 2025).V. Distribution Methods

1. Cash dividends for A-share holders which the Company authorizes China Securities

Depository and Clearing Corporation Ltd. Shenzhen Branch to distribute will be

remitted directly to the shareholders’ accounts through their authorized brokers on

August 20 2025.

2. Cash dividends for B-share holders which the Company authorizes China Securities

Depository and Clearing Corporation Ltd. Shenzhen Branch to distribute will be

remitted directly to the shareholders’ accounts through their authorized brokers or

custodian banks on August 22 2025. If a B-share holder changes his/her custodian

on August 22 2025 he/she shall still receive the dividend from the former custodian.

3. The Company will remit the cash dividends for Nanchang Jiangling Investment Co.

Ltd.During the application period for equity distribution business (application date: August

7 2025 to record date: August 19 2025) if the amount of cash dividends authorized to

China Securities Depository and Clearing Corporation Ltd. Shenzhen Branch to

distribute is insufficient due to the reduction of shares in the securities account of the

shareholders whose dividend distributed by the Company directly all the legal liabilities

and consequences shall be borne by the Company.VI. Adjustment of relevant parameters

Following the implementation of this profit distribution the cash dividend per share

calculated based on the Company's total share capital is as follows: Actual total cash

dividend = Actual share capital participating in the cash dividend × Dividend amount

per 10 shares after excluding repurchased shares / 10 shares = 854643522 shares ×

RMB 7.191400/10 shares = RMB 614608342.41 (the difference between the actual

4total cash dividend amount and the total cash dividend amount approved by the

shareholders' meeting is due to the fact that after excluding the Company's repurchased

shares the calculation of the cash dividend amount per 10 shares was rounded to six

decimal places); Since the Company's repurchased shares do not participate in dividend

distribution after the implementation of this profit distribution in accordance with the

principle of unchanged stock market value the Company's total share capital remains

unchanged before and after the actual profit distribution and the proportion of the total

cash dividend distributed per share will decrease. Therefore when calculating the ex-

rights and ex-dividends price after the implementation of this profit distribution the

reference prices per share after ex-rights and ex-dividends calculated based on the total

share capital of the Company's A-shares and B-shares respectively are as follows:

The total amount of cash dividends distributed for A-shares (including taxes) = the actual

number of A-shares participating in this rights distribution (excluding repurchased

shares) × the actual cash dividend per share = 510643522 shares × RMB 0.71914 per

share (including taxes) = RMB 367224182.41 (including taxes). The cash dividend

(including tax) per 10 shares calculated based on the Company's A-share capital

(including repurchased shares) = the total amount of cash dividends distributed for A-

shares ÷ A-share capital (including repurchased shares) × 10 i.e. RMB 7.072694

(including tax) = RMB 367224182.41 (including tax) ÷ 519214000 shares × 10. After

the implementation of this dividend distribution in accordance with the principle of

unchanged stock market value the total share capital of the Company remains

unchanged before and after the dividend distribution. The A-share ex-rights and ex-

dividends price = the closing price of A-shares on the equity record date – RMB

0.7072694 per share;

The cash dividend for Company B-shares is RMB 7.1914 per 10 shares (equivalent to

HKD 7.8767 per 10 shares with an exchange rate of HKD: RMB = 1:0.9130). After the

implementation of this dividend distribution the ex-rights and ex-dividends price for B-

shares = the closing price of B-shares on the last trading day - HKD 0.78767 per share.VII. Other Explanation

If there is a case in which the dividend held by a B-share holder was withheld income

tax but the shareholder is not a domestic individual or non-resident enterprise please

contact the Company before September 22 2025 (including the day) and provide

relevant materials for screening. Upon confirmation the Company will assist in the

refund of the taxes withheld.VIII. Consulting Institute: Securities Department Jiangling Motors Corporation Ltd.Address: No.2111 middle Yingbin Avenue Nanchang County Nanchang City Jiangxi

Province P.R.C.Tel: 0791-85266178

Fax: 0791-85232839

Contact person: Quan Shi Wan Xianke

5IX. Documents for reference

1. Resolution of the Board of Directors of JMC;

2. Resolution of the 2024 Annual Shareholders’ Meeting of JMC;

3. A document confirming the specific timing of the dividend distribution issued by

China Securities Depository and Clearing Corporation Limited Shenzhen Branch.The announcement is hereby published.Board of Directors

Jiangling Motors Corporation Ltd.August 14 2025

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