Share's code：

Share's code：

000550

Share's Name：

Jiangling Motors

No.：

2015-029

200550

Jiangling B

Jiangling Motors Corporation, Ltd.

Public Announcement on the Resolutions of
the Fifth Session of the Eighth 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 a written meeting notice to directors, supervisors, the members of the Executive Committee and relevant persons on June 15, 2015.

II. Time, Place & Form of Holding the Meeting

The Board meeting was held in the Conference Center, the 2nd floor of the administrative building of JMC on June 25, 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 seven directors were present. Director Wang Kun did not attend this meeting, and he authorized Director Qiu Tiangao to represent him at this meeting; and Independent Director Wang Xu did not attend this meeting, and she authorized Independent Director Lu Song to represent her at this meeting.

IV. Resolutions

The directors present at the meeting approved the following resolutions based on their discussion:

1. J17 Engine ESA Approval

The Board of Directors approved the J17 Engine Engineering Services Agreement amongFord Otomotiv Sanayi A.S., the Company and JMC Heavy Duty Vehicle Corporation, Ltd. ('JMCH'), and authorized Executive Vice President Xiong Chunying and JMCH General Manager Liao Zanping to sign this Agreement on behalf of the Company and JMCH respectively.

Whereas Ford Motor Company ('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. The Independent Directors of the Company, Ms. Wang Xu, Mr. Lu Song, Ms. Wang Kun, agreed this proposal.

Please refer to the Public Announcement on the Related Party Transactions of JMC in China Securities, Securities Times and Hong Kong Commercial Daily on June 27, 2015 for details.

J17 Engine is an engine to be introduced by JMC from Ford Otosan.

2. V348 RCA Approval

The Board of Directors approved the V348 RCA with a total investment of RMB 36.1 million.

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

V348 is a Transit product to be introduced by JMC from Ford.The purpose of the program is to meet the new safety requirements of laws & regulations by upgrading configurations. Job#1 of the program will be in the second half of 2016. The investment for the program will be spent mostly in relevant engineering development.

3. J27 Program Approval

The Board of Directors approved the J27 Program with a total investment of RMB 73 million.

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

The purpose of the program is to upgrade JMC Kaiyun light truck to meet the requirements of the customers and improve the competitiveness of the Company in the light truck segment. Job#1 of the program will be in the second half of 2016. The investment for the program will be spent mostly in relevant engineering development and facilities & tooling.

4. Xiaolan Painting Capacity Expansion Program

The Board of Directors approved the Xiaolan Painting Capacity Expansion Program with a total investment of RMB 147.1 million.

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

The purpose of the program is to solve the painting capacity shortfall in the future. Job#1 of the program will be in the first half of 2017. The investment for the program will be spent mostly in relevant equipment and utility.

5. Stamping Supplier Partner Project

The Board of Directors approved the Stamping Parts Cooperation Agreement with Jiangxi Jiangling Special-Purpose Vehicle Co, Ltd., and authorized President Yuan-Ching Chen to sign this Agreement on behalf of the Company.

Whereas the Company's Director Qiu Tiangao also holds the post of Chairman of Jiangling Motor Company (Group) ('JMCG'), and Jiangxi Jiangling Special-Purpose Vehicle Co, Ltd. is a wholly-owned subsidiary of JMCG, the transaction herein constitutes a related party transaction. When voting on the proposal, Director Wang Xigao and Director Qiu Tiangao withdrew from the voting and all the other directors agreed with this proposal. The Independent Directors of the Company, Ms. Wang Xu, Mr. Lu Song, Ms. Wang Kun, agreed this proposal.

Please refer to the Public Announcement on the Related Party Transactions of JMC in China Securities, Securities Times and Hong Kong Commercial Daily on June 27, 2015 for details.

6. PD Center Xiaolan Phase II Investment Program

The Board of Directors approved the PD Center Xiaolan Phase II Investment Program with a total investment of RMB 144 million.

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

The purpose of the program is to expand JMC product development capability. Job#1 of the program will be in the second half of 2018. The investment for the program will be spent mostly in Xiaolan studio extension, combined building extension, current 4 poster upgrade environment chamber, adding test rig in NVH lab, vehicle COG test lab and relevant facilities.

7. Personnel Proposal

Per President Yuan-Ching Chen's nomination, the Board of Directors appointed Mr. Arturo Mendoza and Mr. Li Xiaojun as Vice Presidents of the Company.

The personnel changes shall enter into effect as of July 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 the personnel proposal.

Mr. Arturo Mendoza's Resume:

Mr. Arturo Mendoza, born in 1955, holds an Engineering Bachelor's Degree in Mechanical Engineering from Instituto Tecnologico de Chihuahua, Mexico. Mr. Arturo Mendoza has held various positions including Team Manager for Engine assembly Line of Ford Mexico, Area Manager/Production Manager for Engine Operations of Ford Canada and Ford U.S.A, ME & Quality Manager of Ford Mexico, LMEA Manager of Changan Ford Mazda Engine Corporation. Mr. Arturo Mendoza does 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. Arturo Mendoza's qualification complied with the relevant requirements of the Company Law of PRC and other applicable laws, regulations or rules.

Mr. Li Xiaojun's Resume:

Mr. Li Xiaojun, born in 1975, is a senior engineer and holds a Bachelor's Degree in Mechanical Design & Manufacturing from Jiangxi University of Science and Technology and a Master's Degree in Industrial Engineering from Huazhong University of Science and Technology. Mr. Li Xiaojun has held various positions including Deputy Chief, Chief of JMC Central Quality Department, Plant Manager of Assembly Plant and Assistant to the President for JMC. Mr. Li Xiaojun does 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. Li Xiaojun's qualification 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 and Ms. Wang Kun, expressed their opinions on the related party transactions and personnel proposal at this meeting as follows:

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

2. We have known details of the J17 Engine ESAand believe by careful review that the engineering services provided by Ford Otosan are necessary and the pricing is reasonable;

3. We have known details of the Stamping Parts Cooperation Agreementand believe by careful review that the business with Jiangxi Jiangling Special-Purpose Vehicle Co, Ltd complies with general commercial principle, and the Company can obtain the stamping parts of competitive quality and prices.

4. After reviewof Mr. Arturo Mendoza'sresume and Mr. Li Xiaojun's resume, 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 procedure of the appointments of Mr. Arturo Mendoza and Mr. Li Xiaojun complied with the relevant requirements of the Articles of Association of JMC.

Board of Directors

Jiangling Motors Corporation, Ltd.

June 27, 2015

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