JianglingMotorsCorporation,Ltd.PublicAnnouncementon2025ProfitDistributionProposal
JianglingMotorsCorporation,Ltd.anditsBoardmembersundertakethattheinformationdisclosedhereinistruthful,accurateandcompleteanddoesnotcontainanyfalsestatement,misrepresentationormajoromission.I.DeliberationProceduresTheBoardofDirectorsofJianglingMotorsCorporation,Ltd.(hereinafterreferredtoas‘JMC’orthe‘Company’)reviewedandapprovedthe"Proposalon2025ProfitDistribution"informofapapermeetingheldfromMarch20toMarch27,2025.Thevotingresultswereasfollows:11votesinfavor,0against,and0abstentions.ThisproposalissubjecttoreviewandapprovalbytheCompany’sshareholders’meeting.II.OverviewoftheProfitDistributionProposal
1.GeneralInformationAuditedbyErnst&YoungHuaMingLLP,theconsolidatednetprofitattributabletotheshareholdersofthelistedCompany,achievedin2025,isRMB1,187,465,719.InaccordancewiththeCompanyLaw,theArticlesofAssociationoftheCompany,andotherrelevantregulations,andconsideringtheCompany'soperationalanddevelopmentalcapitalrequirements,theCompanyproposedtoimplementthe2025profitdistributionproposalasfollows:
(1)Duringthereportingperiod,therewerenolossestobeoffset,nostatutoryreservewasappropriated,andnodiscretionarysurplusreservewasallocated.TheCompany'sundistributedprofitsasattheendofthereportingperiodamountedtoRMB9,752,190,648.
(2)Basedonthesharecapitalof854,581,922sharesafterdeductingsharesrepurchasedbytheCompanyasofDecember31,2025,acashdividendofRMB5.5581per10shares(taxinclusive)shallbedistributedtoalltheshareholders,withthetotalcashdistributionamountingtoRMB474,985,178.
(3)Nocapitalreservewillbeconvertedintosharecapital.
2.TotalcumulativecashdividendsoftheCompanyfor2025:Subjecttotheapprovalofthisresolutionbytheshareholders’meeting,thetotalcashdividendsoftheCompanyfor2025shallamounttoRMB474,985,178;TheamountofsharerepurchasescarriedoutbytheCompanyin2025usingcashasconsideration,throughcentralizedbiddingandtenderoffers,isRMB170,194,238(excludingtransactionfees).ThecombinedtotaloftheCompany’scashdividendsandsharerepurchasesfor2025isRMB645,179,416,representing54.33%ofthenetprofitattributabletotheshareholdersofthelistedCompanyfor2025.
3.Thisprofitdistributionproposalissubjecttoapprovalbytheshareholders'meetingoftheCompany.IftheCompany'stotalsharecapitalchangesbetweenthedisclosuredateandtheimplementationdateofthisproposal,theCompanyshalladjustthedistributionratioinaccordancewiththeprincipleof"maintainingaconstanttotalcashdividendamount,"
whichshallbedisclosedinthesubsequentprofitdistributionimplementationannouncement.III.DetailsoftheProfitDistributionProposal
1.RelevantIndicators
| Items | Currentfiscalyear | Previousfiscalyear | Twofiscalyearsago | |
| TotalCashDividend(RMB) | 474,985,178.00 | 614,608,342.41 | 590,438,376.00 | |
| TotalAmountofShareRepurchaseCancellation(RMB) | 0 | 0 | 0 | |
| NetProfitAttributabletoShareholdersoftheListedCompany(RMB)） | 1,187,465,719.00 | 1,537,139,024 | 1,475,597,266.00 | |
| AccumulatedRetainedEarningsatYear-EndinConsolidatedFinancialStatements(RMB) | 9,752,190,648.00 | |||
| AccumulatedRetainedEarningsatYear-EndinParentCompanyFinancialStatements(RMB) | 9,826,333,041.00 | |||
| HastheCompanybeenlistedforthreefullfiscalyears | Yes | |||
| TotalCashDividendsDistributedintheLastThreeFiscalYears(RMB) | 1,680,031,896.41 | |||
| TotalShareRepurchaseCancellationsintheLastThreeFiscalYears(RMB) | 0 | |||
| AverageNetProfitOvertheLastThreeFiscalYears(RMB) | 1,400,067,336.33 | |||
| TotalCashDividendsandShareRepurchaseCancellationsOvertheLastThreeFiscalYears(RMB) | 1,680,031,896.41 | |||
| WhethertheCaseTriggerstheCircumstancesforImpositionofan"OtherRiskWarning"(ST)UnderArticle9.8.1(9)oftheListingRules | No | |||
2.RationaleStatementTheCompany's2025annualprofitdistributionproposalcomplieswiththeprovisionsoftheCompanyLaw,AccountingStandardsforBusinessEnterprises,RegulatoryGuidelinesforListedCompaniesNo.3–CashDividendsofListedCompanies,andtheArticlesofAssociationoftheCompany.ItalignswiththedistributionpoliciesstipulatedintheArticlesofAssociationoftheCompanyandtheShareholderReturnPlan,andthisprofitdistributionproposalislawful,compliant,andreasonable.Accordingtotheaforementionedproposal,theCompany's2025dividendpayoutratiorepresents40%ofthenetprofitattributabletoshareholdersofthelistedCompanyasstatedintheconsolidatedfinancialstatementsfortheyear.TheprofitdistributionproposalcomprehensivelyconsideredfactorssuchastheCompany'soperationaldevelopmentandshareholderinterests,strikingabalancebetweenmaintainingbusinessstabilityandenablingshareholderstoshareintheCompany'sperformanceachievements.ThisallocationproposalalignswiththeCompany'soperationalperformanceandwillnotresultinliquidityshortagesorotheradverseimpactsontheCompany’soperations.IV.RelevantRiskDisclosuresTheprofitdistributionproposalissubjecttoapprovalattheCompany's2025AnnualShareholders’Meetingbeforeimplementation.Investorsarekindlyadvisedtopayattention
tothismatterandbeawareofinvestmentrisks.V.ReferenceDocuments
1.ResolutionoftheBoardofDirectorsofJianglingMotorsCorporation,Ltd.
2.AuditReportfortheFiscalYear2025oftheCompany.Itisherebyannounced.BoardofDirectorsJianglingMotorsCorporation,Ltd.March28,2026