Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2024-045
Jiangling Motors Corporation, Ltd.
Public Announcement on Resolutions of
the Seventh Session of the Eleventh Board of Directors
Jiangling Motors Corporation, Ltd. and its Board members undertake that the informatio n
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 a written meeting notice to all the Directors, Supervisors, the
members of the Executive Committee and relevant persons on November 29, 2024.
II. Time, Place & Form of Holding the Meeting
The Board meeting was held in the Conference Center, 20th floor, JMC Building, Nanchang on
December 10, 2024. The procedure of convening and holding the meeting complied with the
stipulation of the relevant laws, administrative regulations, departmental rules, normative
documents and the Articles of Association of JMC.
III. Status of the Directors Attending the Meeting
Nine Directors shall attend this Board meeting and nine Directors were present.
IV. Resolutions
The Directors present at the meeting approved the following resolutions based on their discussio n:
The Board of Directors approved the 2025 forecast proposal for type A routine related party
transactions and authorized the Execute Committee to finalize detailed contracts with the
individual related parties and to submit them to the Shareholders’ Meeting for approval.
The Board of Directors approved the 2025 forecast proposal for type B routine related party
transactions and authorized the Execute Committee to sign detailed contracts with the individ ua l
related parties.
The proposal relates to related party transactions and has been reviewed at a special meeting of
the Company's Independent Directors before being submitted to the Board of Directors for
consideration.
When voting on the proposal, Director Shengpo Wu, Director Ryan Anderson and Director Xiong
Chunying withdrew from the voting on the related party transactions associated with Ford and
its affiliates; Director Qiu Tiangao and Director Zhong Junhua withdrew from the voting on the
related party transactions associated with JMCG and its affiliates; Director Qiu Tiangao, Director
Zhong Junhua and Director Yuan Mingxue withdrew from the voting on the related party
transactions associated with Nanchang Jiangling Investment Co., Ltd. and its affiliates; all the
other Directors agreed with the proposal.
Please refer to the Public Announcement on Forecast of the Routine Related Party Transactio ns
of JMC in 2025 published on December 12, 2024 in China Securities, Securities Times, Hong
Kong Commercial Daily and the website http://www.cninfo.com.cn for details.
Due to changes in work assignments, the Board of Directors decided that Mr. Yang Shenghua no
longer serve as a Vice President of the Company. Upon the nomination by the Company President,
the Board of Directors approved the appointment of Mr. Chen Lei as a Vice President of the
Company.
Due to changes in work assignments, the Board of Directors decided that Mr. Liu Rangpo no
longer serve as a Vice President of the Company or as a Director of Jiangling Ford Automobile
Technology (Shanghai) Co., Ltd., a subsidiary of the Company.
The Board of Directors nominated Ms. Zhong Junhua as a Director of Jiangling Ford Automobile
Technology (Shanghai) Co., Ltd. and elected as the Chairman of Jiangling Ford Automobile
Technology (Shanghai) Co., Ltd., and Mr. Jin Wenhui shall no longer serve as the Chairman of
Jiangling Ford Automobile Technology (Shanghai) Co., Ltd., still serve as a Director of Jiangling
Ford Automobile Technology (Shanghai) Co., Ltd.
The above-mentioned personnel changes shall take effect since January 1, 2025.
There were 9 votes in favor of the proposals, 0 vote against, and 0 abstention.
Mr. Yang Shenghua will not take any post in the Company after the aforesaid personnel changes.
As of the disclosure date of the announcement, Mr. Yang Shenghua did not hold any JMC share.
Mr. Liu Rangpo will not take any post in the Company after the aforesaid personnel changes. As
of the disclosure date of the announcement, Mr. Liu Rangpo did not hold any JMC share.
Mr. Chen Lei’s Resume
Mr. Chen Lei, born in 1979, holds a Bachelor's degree in Electrical Automation from Jiangsu
University of Science and Technology and an MBA degree from Nanjing University of
Aeronautics and Astronautics.
Mr. Chen Lei has served as the Director of Supplier Technical Assistance (STA) and Electrified
Propulsion Engineering (EPE) Supply Chain for Ford China, EPE Supply Chain Director for
Ford China’s EV Business, STA Director for Ford China, STA Director for Changan Ford, and
the Senior Manager of Electrical STA for Ford Asia Pacific.
As of the disclosure date of this announcement, Mr. Chen Lei did not hold any shares of the
Company. and has no relationship with the other shareholders holding more than 5% of the shares
of the Company and their actual controllers, as well as other Directors, Supervisors and senior
executives of the Company. Mr. Chen Lei has not been punished by China Securities Regulato r y
Commission or other relevant Departments or taken disciplinary action by the Stock Exchange s,
and has not been investigated by judicial organs for suspected crimes or by China Securitie s
Regulatory Commission on suspicion of violations of laws and regulations. There are no the
situations on which he is prohibited to serve as a senior executive of the Company as stipulated
in the Company Law and the Articles of Association of the Company. Mr. Chen Lei meets the
qualifications required in the laws, administrative regulations, departmental rules, normative
documents, Rules Governing Listing of Stock on Shenzhen Stock Exchange and the Articles of
Association of the Company. After the inquiry of "National Court Information Disclosure and
Inquiry Platform of Persons Subject to Enforcement for Trust-breaking", Mr. Chen Lei does not
belong to the person subject to enforcement for trust-breaking.
The announcement is hereby published.
Board of Directors
Jiangling Motors Corporation, Ltd.
December 12, 2024
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