Share's code

000550

Share's Name

Jiangling Motors

No.

2015-039

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 does not contain false statements, misrepresentations or major omissions.

I. Informing of the Meeting

The Board of Directors of Jiangling Motors Corporation, Ltd. (hereinafter referred to as 'JMC' or the 'Company') sent out related proposals of the Board meeting to all the directors on August 17, 2015.

II. Time, Place & Form of Holding the Meeting

The Board meeting was held in form of paper meeting from August 17, 2015 to August 21, 2015. The procedure of convening and holding the meeting complied with the stipulations 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 in form of paper meeting:

The Boardof Directors approved to dismiss Mr. Zhong Wanli from the post of Vice President and Member of Executive Committee of the Company.

Per President Yuan-Ching Chen's nomination, the Board of Directors appointed Mr. Christian Chen as a Vice President and Mr. Tim Slatter as a Member of Executive Committee of the Company.

The personnel changes shall enter into effect as of September 1, 2015.

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

The Independent Directors of the Company, Ms. Wang Xu, Mr. Lu Song, Ms. Wang Kun, agreed this proposal.

Mr. Tim Slatter is a Vice President of the Company.

Mr. Zhong Wanli will not hold any post in the Company after the dismissal.

Mr. Christian Chen's Resume:

Mr. Christian Chen, born in 1972, is a semi-senior engineer and holds a Bachelor's Degree in Automotive Engineering from Wuhan University of Technology and a MBA from Wuhan University. Mr. Christian Chen has held various positions including Product Development Manager of Dongfeng-Citroen, Quality Project Engineer of TUV, STA, Buyer, Purchasing Manager and Senior Purchasing Manager of Ford Motor Company.Mr.Christian Chendoes not hold any share of the Company, and in the recently three years, has not ever received any administrative penalties for violation of the applicable securities laws, regulations or rules. Mr. Christian Chen's qualification as a director candidate complied with the relevant requirements of the Company Law of PRC and other applicable laws, regulations or rules.

V. Opinions from Independent Directors

Independent directors, Ms. Wang Xu, Mr. Lu Song, Ms. Wang Kun, expressed their opinions on senior management changes as follows:

1. We have been informed of the meeting agenda prior to the meeting.

2. The dismissal procedure of Mr. Zhong Wanli complied with the relevant requirements of the laws & regulations.

3. After review of Mr. Christian Chen'sresume, we didn't find any situations stipulated in Article 147 of the Company Law and other restrictions on appointment of a listed company's senior executive; and the appointment procedure of Mr. Christian Chen complied with the relevant requirements of the Articles of Association of JMC.

Board of Directors

Jiangling Motors Corporation, Ltd.

August 25, 2015

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