Share's code：

Share's code：

000550

Share's Name：

Jiangling Motors

No.：

2015-005

200550

Jiangling B

Jiangling Motors Corporation, Ltd.

Public Announcement on Resolutions of the Board of Directors

Note: Jiangling Motors Corporation, Ltd. and its Board members undertake that the information disclosed herein is truthful, accurate and complete and contains no 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') sent out relevant proposals of the Board meeting to all the directors on February 4, 2015.

II. Time, Place & Form of Holding the Meeting

The Board meeting was held in form of paper meeting from February 4, 2015 to February 10, 2015. 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

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 discussion:

1. The Board of Directors approved the Global Cargo Modular Cab Engineering Services Agreementamong Ford Motor Company, Ford Otomotiv Sanayi A.S., the Company and JMC Heavy Duty Vehicle Corporation, Ltd. ("JMCH"), and authorizes Executive Vice President Xiong Chunying and JMCH General Manager Liao Zanping to sign this Contract on behalf of the Company and JMCH respectively. According to the abovementioned Engineering Services Agreement, the Company shall pay engineering service fees of no more than US$ 41.2 million to Ford Otosan for the Ford Otosan support in the initial stage of the Global Cargo Modular Cab program.

Whereas Ford, representing 32%of the outstanding shares of the Company, is the second largest shareholder of the Company, and Ford Otosan is a corporation controlled by Ford and Koç Holding, the transaction herein constitutes a related party transaction.

When voting on the proposal, Director John Lawler, Director Manto Wong and Director Yuan-Ching Chen withdrew from the voting and all the other directors agreed with this proposal.

Please refer to the Public Announcement on the Related Party Transaction of JMC in China Securities, Securities Times and Hong Kong Commercial Daily on February 12, 2015 for details.

2. The Board of Directors approved the N330 Program with a total investment of RMB 1,212 million (including previously approved N330 Program investment of RMB 724 million), and to submit it to the Shareholders' Meeting for approval.

There were 9 votes in favor of this proposal, 0 vote against, and 0 abstention.

N330 Program is a SUV product to be developed independently by the Company. Job#1 of the program will be in the second half of 2016. The investment for the program will be spent mostly in facilities & tooling and relevant engineering development.

3. The Board of Directors approved J20 Heavy Truck Program long lead funding of RMB 1,173 million, and to submit it to the Shareholders' Meeting for approval.

There were 9 votes in favor of this proposal, 0 vote against, and 0 abstention.

J20 are newly developed and introduced heavy duty truck products by JMC. The Company will participate in the global Cargo modular cab program of Ford and match the introduced Ford chassis and engine technology to develop or introduce relevant vehicle products, which will strengthen JMC's competitiveness in the heavy truck segment. The long lead funding of the program will be spent mostly in relevant engineering development and fixtures & tooling.

4. The Board of Directors approves the Notice on Holding 2015 First Special Shareholders' Meeting of JMC.

There were 9 votes in favor of this proposal, 0 vote against, and 0 abstention.


V. Opinions from Independent Directors

Please refer to the Public Announcement on Related Party Transactions of JMC for the opinions from Independent Directors on the aforesaid related party transaction in China Securities, Securities Times and Hong Kong Commercial Daily on February 12, 2015.

The announcement hereby is published.

Board of Directors

Jiangling Motors Corporation, Ltd.

February 12, 2015

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