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 Share¡¯s code£º 000550          Share¡¯s Name£º Jiangling Motors      No.£º 2024-036
                       Jiangling Motors Corporation, Ltd.
                     Public Announcement on Resolutions of
               the Sixth Session of the Eleventh 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 a written meeting notice to all the Directors, Supervisors, the
members of the Executive Committee and relevant persons on September 13, 2024.
II. Time, Place & Form of Holding the Meeting
The Board meeting was held in the No.1 Meeting Room, 20th floor, JMC Building, Nanchang
on September 24, 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 seven Directors were present. Vice Chairman
Shengpo Wu did not attend this meeting due to other official arrangements, and has authorized
Director Ryan Anderson to exercise voting rights on his behalf; Director Yuan Mingxue did not
attend this meeting due to other official arrangements, and has authorized Chairman Qiu Tiangao
to exercise voting rights on his behalf.
IV. Resolutions
The Directors present at the meeting approved the following proposal based on their discussion:
Arrangements
The Board of Directors recommended the dismissal of PricewaterhouseCoopers Zhong Tian LLP,
re-selecting the Company¡¯s external auditor and C-SOX auditor for the period from 2024 to 2026,
and shall perform the approval process in accordance with relevant regulations.
The Audit Committee under the Board of Directors of the Company has considered the proposal
and unanimously agreed to submit the proposal to the Board of Directors of the Company for
review.
The dismissal of the accounting firm is subject to the approval of the Shareholders¡¯ Meeting of
the Company.
There were 9 votes in favor of the proposal, 0 vote against, and 0 abstention.
The appointments of PricewaterhouseCoopers Zhong Tian LLP (hereinafter referred to as ¡°PwC¡±)
as the Company's external auditor and C-Sox auditor for the years 2024-2027 were approved by
the Shareholders¡¯ Meeting of the Company respectively in June 2021 and in April 2024. In view
of the possible impact of the penalties against PwC, recently issued by Ministry of Finance of
the People¡¯s Republic of China, on the work of the Company¡¯s 2024 annual report, and on the
principle of prudence, the Board of Directors of the Company recommended dismissal of PwC.
And subsequently, the Company shall re-select an accounting firm in accordance with the
Measures for the Administration of Selecting Accounting Firms for State-owned Enterprises and
Listed Companies (Caikuai (2023) No.4) and relevant laws and regulations, and shall conduct
review and disclosure according to relevant regulations.
The announcement hereby is published.
Board of Directors
Jiangling Motors Corporation, Ltd.
September 25, 2024