Jiangling Motors shareholders approve subsidiary capital increase

Jiangling Motors Corporation announced the successful resolution of its first extraordinary general meeting of shareholders for 2025. Held on November 24, 2025, the meeting, convened by the board of directors and chaired by Qiu Tiangao, approved the proposal concerning the company's capital increase to a controlled subsidiary. The meeting utilized both on-site and online voting mechanisms.

The resolution received overwhelming support, with 364,967,121 votes in favor, 3,162,916 votes against, and 92,300 abstentions, representing 99.1160% of the effective voting shares present. A-share holders voted 99.5088% in favor, while B-share holders approved the motion with 56.0100%. Small and medium investors showed strong support at 72.8252%. Ford Motor Company, a related party, abstained from voting on this associated transaction.

The legal opinion, issued by Jiangxi Huabang Law Firm, confirmed that the convening, conduct, and voting procedures of the extraordinary general meeting complied with relevant regulations and the company's articles of association. Lawyers Deng Ying and Liu Yang certified the validity of the meeting and its resolutions.