| Share’s code： | 000550 | Share’s Name： | Jiangling Motors | No.： | 2022—045 |
| 200550 | Jiangling B |
Jiangling Motors Corporation, Ltd.Public Announcement of the Board of DirectorsJiangling Motors Corporation, Ltd. and its Board members undertake that theinformation disclosed herein is truthful, accurate and complete and does notcontain any false statement, misrepresentation or major omission.
Recently, Jiangling Motors Corporation, Ltd. (hereinafter referred to as “JMC” or the“Company”) received government incentives of RMB 400 million appropriated byNanchang Xiaolan Economic and Technological Development Zone. The aforesaidgovernment incentives are related to income and will be recorded into the profits andlosses of the Company in 2022, in accordance with the requirements of the AccountingStandards for Business Enterprises No.16 - Government Incentives. The specificaccounting treatment is subject to the results confirmed by the Independent Auditor.
The announcement is hereby published, and investors should pay attention to risks.
Board of DirectorsJiangling Motors Corporation, Ltd.December 27, 2022