Share's code：

Share's code：

000550

Share's Name：

Jiangling Motors

No.：

2015-051

200550

Jiangling B

Jiangling Motors Corporation, Ltd.

Public Announcement on the 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' or the 'Company') sent out related proposals of the Board meeting to all the directors on October 23, 2015.

II. Time, Place & Form of Holding the Meeting

The Board meeting was held in form of paper meeting from October 23, 2015 to November 11, 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 based on their discussion:

1. Whereas, Mr. Wang Kun had resigned from the post of Director of the Company due to personal working reason and Jiangling Motor Holding Co., Ltd. had nominated Mr. Yuan Mingxue as a Director candidate, the Board of Directors agreed to submit the aforesaid Director nomination by Jiangling Motor Holding Co., Ltd. to the shareholders' meeting of the Company for approval.

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

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

Mr. Wang Kun will not hold any post in the Company after the resignation.

Mr. Yuan Mingxue's Resume:

Mr. Yuan Mingxue, born in 1968, senior engineer, holds a Bachelor's Degree in Auto Engineering from Beijing Institute of Technology and an EMBA from China Europe International Business School, and is a Vice President of Chongqing Changan Automobile Company Limited ('Changan Automobile'). Mr. Yuan Mingxue has held various positions including Technical Cadre of Inspection Office of Changan Plant, Technical Cadre, Director of Inspection Office, Quality Department of Changan Company, Technical Cadre of No.3 Inspection Office, Auto Manufacturing Plant of Changan Company, Acting Deputy Director, Deputy Director, Director of Inspection Office, Deputy Chief and Director of Inspection Office, Chief of Quality Department, Manager of Engine Plant of Changan Company, General Manager of Nanjing Changan Auto Co., Ltd., Assistant to the President of Changan Automobile and Executive Vice President of Jiangling Motor Holdings Co., Ltd., Assistant to the President, Chief of Strategy Planning Department and Director of Capital Management Division of Changan Automobile, Assistant to the President and General Manager of Overseas Business Development Department of Changan Automobile. Mr.Yuan Mingxuedoes 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. Yuan Mingxue's qualification as a director candidate complied with the relevant requirements of the Company Law of PRC and other applicable laws, regulations or rules.

2. The Board of Directors approved the Notice on Holding 2015 Third Special Shareholders' Meeting of JMC.

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

3. The Board of Directors approved the J22 Program with a total investment of RMB 173 million (including previously approved program long lead funding of RMB 67 million).

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

J22 is a JMC-branded light bus commercial vehicle. The purpose of the program is to expand JMC product portfolio by offering a price competitive JMC-branded light bus model to meet customer needs. Job#1 of the program will be in the first half of 2017.The investment for the program will be spent mostly in relevant engineering development and toolings.

V. Opinions from Independent Directors

Independent Directors, Mr. Lu Song, Ms. Wang Kun and Mr. Li Xianjun, expressed their opinions on the Director Changes at this meeting as follows:

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

2. After the review of Mr. Yuan Mingxue's resume, we believed Mr. Yuan Mingxue complied with the relevant required qualifications as a director in the laws, regulations and the Articles of Association of JMC and agreed the nomination.

Board of Directors

Jiangling Motors Corporation, Ltd.

November 12, 2015

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