/Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2026-004

200550 Jiangling B

Jiangling Motors Corporation Ltd.Public Announcement on Resolutions of the Board of Directors

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.I. Informing of the Meeting

The Board of Directors of Jiangling Motors Corporation Ltd. (hereinafter referred to

as ‘JMC’ or the ‘Company’) sent out the relevant proposals to all the Directors on

January 19 2026.II. Time Place & Form of Holding the Meeting

The Board meeting was held in form of paper meeting from January 19 to January 23

2026. The procedure of convening and holding the meeting complied with the

stipulation of the relevant laws regulations and the Articles of Association of JMC.III. Status of the Directors Attending the Meeting

Eleven Directors shall attend this Board meeting and eleven Directors were present.IV. Resolutions

The Directors present at the meeting approved the following resolutions in form of

paper meeting:

The Board of Directors approved the 2025 Assets Impairment Provisions & Write-off

proposal of the Company.In 2025 the Company added assets impairment provisions of RMB 351 million and

wrote off assets impairment provisions of RMB 83 million of which the Company

reversed uncollectable receivables of RMB 1.9 million; accrued obsolete inventory

provision of RMB 30.7 million wrote off obsolete inventory provision of RMB 51

million; accrued fixed assets provision of RMB 183 million wrote off fixed assets

provision of RMB 32 million accrued other current assets provision of RMB 136

million. Balance of the Company’s assets impairment provisions as of the end of 2025

was RMB 1271 million.The Board of Directors believed that the foregoing provision accruals and write-offs

were consistent with JMC’s actual needs and situation.There were 11 votes in favor of this proposal 0 vote against and 0 abstention.The accruals of the uncollectable receivable provision of RMB 19 million primarily

1reflected the increase of vehicle receivables.

The accruals of the obsolete inventory provision of RMB 30.7 million primarily

reflected the anticipated useless parts and inventory items and unsalable parts with an

estimated net realizable value below cost.The write-offs of the obsolete inventory provision of RMB 51 million primarily

reflected the confirmed unusable parts.The accruals of the fixed assets provision of RMB 183 million primarily reflected the

purpose to make provisions for the portion where the estimated recoverable amount of

the held operating vehicles for lease as assessed by a third party falls below the book

value.The write-offs of the fixed assets provision of RMB 32 million primarily reflected the

disposal of the confirmed unusable equipment and tools.The accruals of the other current assets provision of RMB 136 million were primarily

due to the uncertainty regarding the future deduction or refund of the VAT input tax

credits of Jiangling Ford Automotive Technology (Shanghai) Co. Ltd. a subsidiary of

the Company who has undergone business restructuring therefore a full impairment

provision has been made for them.The accruals of the assets impairment provisions have a negative impact of about

RMB 351 million on profit before taxes of JMC in 2025.It is hereby announced.Board of Directors

Jiangling Motors Corporation Ltd.January 24 2026

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