ProposalonYear2019AmendmenttotheArticlesofAssociationInviewoftheneedfortheCorporationtodevelopitsimportandexportbusinessofvehiclesandparts,andinaccordancewiththerevisedCompanyLawofPRCpromulgatedandcomeintoeffectasofOctober26,2018andtherevisedCodeofCorporateGovernanceforListedCompaniesinChinaissuedbyChinaSecuritiesRegulatoryCommissionasofSeptember30,2018aswellastherelatedrequirementsoflaws,rulesandregulatorydocuments,JianglingMotorsCo.,Ltd.(hereinafterreferredtoas‘JMC’or‘theCorporation’)intendstoamendaccordinglytheArticlesofAssociationofJMCbytakingintoaccountoftheactualsituation.Thedetailsoftheseamendmentsareasfollows:
1.ThefollowingtermshallbeinsertedimmediatelyfollowingArticle11inthe
  ArticlesofAssociationandconstitutedaSARticle12thereof.Thesequence
  numberoftheotherarticlesintheArticlesofAssociationshallbeadjusted
  accordingly.
Article12
IntheCorporation,anorganizationoftheCommunistPartyofChinashallbeestablishedtocarryouttheactivitiesofthepartyinaccordancewiththecharteroftheCommunistPartyofChina.TheCorporationshallprovidethenecesSARyconditionsfortheactivitiesofthepartyorganization.
2.TheArticle13intheArticlesofAssociationofJMCisamendedasfollows:TheoriginalArticle13isshownasfollows:
Article13
SubjecttotheverificationandapprovalbytheregistrationauthorityoftheCorporation,thescopeofthemainbusinessoftheCorporationshallinclude:productionandsaleofmotorvehicles,derivative,vehicleassemblysuchasengines,chassis,andotherpartsandcomponentsofmotorvehicles,performingrelatedafter-salesservices;engagementinwholesaleandretailofE-seriesbrandedimportvehiclesasabranddealerauthorizedbyFordMotor(China)Ltd.;usedvehiclebusiness;provisionofenterprisemanagementandconsultingservicesrelatedtovehicleproductionandsale.
TheCompanymay,basedonitsowndevelopmentneedsandcapabilities,theapprovalofthecompetentgovernmentalauthorities,adjustitsbusinessscopeandoperationandsetupbranchesandofficeswithinandoutsideChina,aswellasinHongKongandMacao.

TheamendedArticle13isrestatedandconstitutedaSARticle14thereofandshownasfollows:
Article14
SubjecttotheverificationandapprovalbytheregistrationauthorityoftheCorporation,thescopeofthemainbusinessoftheCorporationshallinclude:productionandsaleofmotorvehicles,derivative,vehicleassemblysuchasengines,chassis,andotherpartsandcomponentsofmotorvehicles,performingrelatedafter-salesservices;engagementinwholesaleandretailofE-seriesbrandedimportvehiclesasabranddealerauthorizedbyFordMotor(China)Ltd.;importandexportofvehiclesandparts;usedvehiclebusiness;provisionofenterprisemanagementandconsultingservicesrelatedtovehicleproductionandsale.
TheCompanymay,basedonitsowndevelopmentneedsandcapabilities,theapprovalofthecompetentgovernmentalauthorities,adjustitsbusinessscopeandoperationandsetupbranchesandofficeswithinandoutsideChina,aswellasinHongKongandMacao.
3.TheArticle27intheArticlesofAssociationofJMCisamendedasfollows:Article27
Underanyofthefollowingcircumstances,theCorporationmayby-backitssharesinaccordancewiththeprovisionsoflaws,administrativeregulations,departmentalrulesandtheseArticlesofAssociation:
(i)    WhentheCorporationwantstoreduceitsregisteredcapital;
(ii)  WhentheCorporationmergesintoorconsolidateswithothercompanies
    whichholditsshares;
(iii)  WhentheCorporationwantstoawarditsemployeeswithshares;and
(iv)  WhenanyshareholderrequeststheCorporationtopurchasehissharesbecause
    thisshareholderraisesobjectionstotheCorporation’sresolutiononmergeror
      divisionmadeatashareholders’meeting.

Exceptunderthecircumstancesdescribedabove,theCorporationshallnotpurchaseorsellitsownshares.
TheamendedArticle27isrestatedandconstitutedaSARticle28thereofandshownasfollows:
Article27
Underanyofthefollowingcircumstances,theCorporationmayby-backitssharesin
andtheseArticlesofAssociation:
(i)    WhentheCorporationwantstoreduceitsregisteredcapital;
(ii)  WhentheCorporationmergesintoorconsolidateswithothercompanies
      whichholditsshares;

(iii)  WhentheCorporationwantstousesharesforemployeestockownershipplans
      orequityincentivesschemes;

(iv)  WhenanyshareholderrequeststheCorporationtopurchasehissharesbecause
      thisshareholderraisesobjectionstotheCorporation’sresolutiononmergeror
      divisionmadeatashareholders’meeting;

(v)  WhentheCorporationwantstousesharesfortheconversionofcorporate
      bondsissuedbytheCorporationthatcanbeconvertedintostocks;

(vi)  WhenitisnecesSARyfortheCorporationtomaintaintheCorporation'svalue
      andshareholders'rights.

Exceptunderthecircumstancesdescribedabove,theCorporationshallnotpurchaseorsellitsownshares.
4.TheArticle29intheArticlesofAssociationofJMCisamendedasfollows:Article29
WheretheCorporationneedstopurchaseitsownsharesforanyofthereasonsasmentionedinItems(1)through(3)ofArticle27hereof,itshallbesubjecttoaresolutionoftheshareholders’meeting.AftertheCorporationpurchasesitsownsharesaccordingtoArticle27,itshall,underthecircumstanceasmentionedinItem(1),writethemoffwithintendaysafterthepurchase;whileunderthecircumstanceasmentionedeitherinItem(2)or(4),shalltransferthemorwritethemoffwithinsixmonths.
ThesharespurchasedbytheCorporationaccordingtoItem(3)ofArticle27shallnotexceed5%ofthetotaloutstandingsharesoftheCorporation.ThefundsusedforthesharepurchaseshallbepaidfromtheCorporation’sprofitsaftertax.ThesharespurchasedbytheCorporationshallbetransferredtotheemployeeswithinoneyear.TheamendedArticle29isrestatedandconstitutedaSARticle30thereofandshownasfollows:
Article30
WheretheCorporationpurchasesitsownsharesforthecircumstancesasspecifiedinItems(I)to(II)ofArticle28hereof,itshallbesubjecttoaresolutionoftheshareholders’meeting.WheretheCorporationpurchasesitsownsharesforthe
maybesubjecttoaresolutionoftheBoardofDirectorsatthemeetingoftheBoardofDirectorspresentbymorethantwo-thirdsoftheDirectors.
WheretheCorporationpurchasesitsownsharesinaccordancewithArticle28hereof,sharesshallbecancelledwithin10daysofthedateofpurchaseifthecircumstancesfallunderItem(I),ortransferredorcancelledwithinsixmonthsifthecircumstancesfallunderItem(II)or(IV),ortransferredwithinthreeyearsperthepurposedisclosedinaccordancewiththelawsorcancelledbeforetheexpirationofthethree-yearperiodifnottransferredperthedisclosedpurposeswherethecircumstancefallunderItem(V),orcancelledbeforetheexpirationifnottransferredwithinthreeyearsinaccordancewiththelawswherethecircumstancefallunderItem(VI).ThetotalsharesheldbytheCorporationshallnotexceed10%ofthetotaloutstandingsharesoftheCorporationifthecircumstancefallunderItem(III),Item(V)andItem(VI).
WheretheCorporationpurchasesitsownshares,itshallperformitsinformationdisclosureobligationsinaccordancewiththeprovisionsoftheSecuritiesLawofthePeople'sRepublicofChina.WheretheCorporationpurchasesitsownsharesforanyofthecircumstancesasspecifiedinItem(III),Item(V)orItem(VI)ofArticle28hereof,thepurchaseshallbeconductedthroughopenandcentralizedtrading.
5.TheArticle74intheArticlesofAssociationofJMCisamendedasfollows:TheoriginalArticle74isshownasfollows:
Article74
TheCorporationshallformulatetherulesoftheproceduresfortheshareholders’meetings,whichshallstipulatetheproceduresofconveningandvotingoftheshareholders’meetingindetail,includingnotice,register,considerationofproposals,voting,countingballot,declarationofthevotingresults,makingresolutionsofthemeeting,recordofthemeetingandsignature,andannouncementetc.,aswellasprincipleofauthorizationoftheshareholder’smeetingfortheBoardofDirectors,ofwhichcontentsshallbeclearanddetailed.Shareholders’meetingrulesshallbeincorporatedasanattachmentoftheArticlesofAssociation,whichshallbesubjecttothedraftoftheBoardofDirectorsandapprovaloftheshareholders’meeting.
TheamendedArticle74isrestatedandconstitutedaSARticle75thereofandshownasfollows:
Article75
TheCorporationshallformulatetherulesoftheproceduresfortheshareholders’meetings,whichshallstipulatetheproceduresofconveningandvotingofthe
voting,countingballot,declarationofthevotingresults,makingresolutionsofthemeeting,recordofthemeetingandsignature,andannouncementetc.,aswellasprincipleofauthorizationoftheshareholder’smeetingfortheBoardofDirectors,ofwhichcontentsshallbeclearanddetailed.Theshareholders’meetingshallnotdelegatetheBoardofDirectorsanyauthority,whichismandatorilyrequiredbythelawtobeexercisedbytheshareholders’meeting.Shareholders’meetingrulesshallbeincorporatedasanattachmentoftheArticlesofAssociation,whichshallbesubjecttothedraftoftheBoardofDirectorsandapprovaloftheshareholders’meeting.
6.TheArticle125intheArticlesofAssociationofJMCisamendedasfollows:TheoriginalArticle125isshownasfollows:
Article125
TheBoardofDirectorsshallexercisethefollowingpowers:
(i)    toconvenetheshareholders’meetingandtoreportitsworktotheshareholders’
    meeting;
(ii)  toimplementresolutionsoftheshareholders’meeting;
(iii)  todecideonthebusinessplansandinvestmentproposalsoftheCorporation;
(iv)  topreparetheannualbudgetandfinalsettlementofaccountsoftheCorporation;(v)  topreparetheplansforprofitdistributionandplansforcoveringlossesofthe
      Corporation;

(vi)  toprepareplansfortheincreaseandreductionoftheregisteredcapitalandthe
      issuanceofbondsoftheCorporationandotherplansconcerningsecuritiesand
      listing;

(vii)  todraftplansformajoracquisitionsandby-backofthesharesoftheCorporation
      andthemerger,separation,dissolutionandchangeofcorporationformthereof;
(viii)  todecideonoutsideinvestments,purchaseorsalesofassets,mortgageofassets,
    guaranteeforexternalparties,trustinvestmentsandrelatedpartytransactionsof
    theCorporationtotheextentauthorizedbytheshareholders’meeting;
(ix)  todeterminetheinternalmanagementstructureoftheCorporation;
(x)  toappointandremovethePresidentandtheSecretaryoftheBoardofDirectors

    PresidentsandChiefFinancialOfficeronthebasisofnominationsofthe
    President,andtodecideontheirremunerations,awardsandpunishments;
(xi)  toformulatethebasicmanagementrulesoftheCorporation;
(xii)  toprepareproposalsforamendmentstotheseArticlesofAssociationofthe
    Corporation;
(xiii)  tocontrolmattersregardinginformationdisclosureoftheCorporation;
(xiv)  tosubmittotheshareholdersgeneralmeetingproposalsfortheappointmentor
    replacementoftheaccountingfirmthatauditsfortheCorporation;
(xv)  tolistentotheworkreportofthePresidentoftheCorporationandtoinspecthis
    work;and
(xvi)  otherpowersgrantedbythelaws,administrativeregulations,departmentalrules
    andtheseArticlesofAssociationoftheCorporation.
TheamendedArticle125isrestatedandconstitutedaSARticle126thereofandshownasfollows:
Article126
TheBoardofDirectorsshallexercisethefollowingpowers:
(i)    toconvenetheshareholders’meetingandtoreportitsworktotheshareholders’
    meeting;
(ii)  toimplementresolutionsoftheshareholders’meeting;
(iii)  todecideonthebusinessplansandinvestmentproposalsoftheCorporation;
(iv)  topreparetheannualbudgetandfinalsettlementofaccountsoftheCorporation;(v)  topreparetheplansforprofitdistributionandplansforcoveringlossesofthe
    Corporation;
(vi)  toprepareplansfortheincreaseandreductionoftheregisteredcapitalandthe
    issuanceofbondsoftheCorporationandotherplansconcerningsecuritiesand
    listing;
(vii)  todraftplansformajoracquisitionsandby-backofthesharesoftheCorporation
(viii)  todecideonoutsideinvestments,purchaseorsalesofassets,mortgageofassets,
    guaranteeforexternalparties,trustinvestments,relatedpartytransactionsand
    purchaseofthesharesoftheCorporationtotheextentauthorizedbythe
    shareholders’meeting;
(ix)  todeterminetheinternalmanagementstructureoftheCorporation;
(x)  toappointandremovethePresidentandtheSecretaryoftheBoardofDirectors
    oftheCorporation,toappointandremovetheExecutiveVicePresidents,Vice
    PresidentsandChiefFinancialOfficeronthebasisofnominationsofthe
    President,andtodecideontheirremunerations,awardsandpunishments;
(xi)  toformulatethebasicmanagementrulesoftheCorporation;
(xii)  toprepareproposalsforamendmentstotheseArticlesofAssociationofthe
    Corporation;
(xiii)  tocontrolmattersregardinginformationdisclosureoftheCorporation;
(xiv)  tosubmittotheshareholdersgeneralmeetingproposalsfortheappointmentor
    replacementoftheaccountingfirmthatauditsfortheCorporation;
(xv)  tolistentotheworkreportofthePresidentoftheCorporationandtoinspecthis
    work;and
(xvi)  otherpowersgrantedbythelaws,administrativeregulations,departmentalrules
    andtheseArticlesofAssociationoftheCorporation.
7.TheArticle136intheArticlesofAssociationofJMCisamendedasfollows:TheoriginalArticle136isshownasfollows:
Article136
ThequorumofameetingoftheBoardofDirectorsshallbemorethantwo-thirdsoftheDirectors.ResolutionsoftheBoardofDirectorsshallbepassedbymorethanhalfofalltheDirectors,providedthat,unlessagreatermajorityisrequiredbylaw,thefollowingdecisionsoftheBoardofDirectorsshallrequiretheaffirmativevoteofmorethantwo-thirdsoftheDirectors:
(i)    theconveningoftheshareholders’meetings,theapprovalofthenoticeofthe
      shareholders’meetingsandthereportoftheBoardofDirectorsonitsworkto
(ii)  theimplementationofresolutionsoftheshareholders’meetings;
(iii)  thepreparationanddecisionoffinancialbudgets,businessplansincluding
    productionanddistributionplans,borrowingandinvestmentplansandfinal
    accountsoftheCorporation,andanyexceptionsordeviationsofsuchbudgets,
    plansandaccounts;
(iv)  theformulationoftheCorporation’sprofitdistributionplanandtheplanfor
      recoveryofitslosses;

(v)  theformulationofproposalsforincreasesorreductionsoftheCorporation’s
    registeredcapitalandtheissuanceofcorporatebonds,stock,sharewarrants,
    shareoptions,Corporationguaranteesandanyothersecuritiesorsecurity
    interests;
(vi)  thepreparationandapprovalofplansforthemerger,separationand
    dissolutionoftheCorporation;
(vii)  thepreparationandapprovaloftheputtinginplaceoftheCorporation’s
      internalmanagementstructureandsystemsandanychangesofsuchstructure
      orsystems;

(viii)theappointmentanddismissaloftheCorporation’sPresident,ExecutiveVice
      PresidentsandotherSeniorManagementPersonneloftheCorporation,and
      theirremunerations;

(ix)  thepurchase,sale,transferorleaseofanycapitalmachineryandequipment
      whosevalueexceedsRMB10million;

(x)  thepurchase,sale,licensingortransferofanytechnologybytheCorporation
      ortheadditionofanynewproductotherthan“NewGenerationVehicles”
      developedincooperationwiththeStrategicInvestorwhoowns30%ofthe
    totaloutstandingsharesoftheCorporation;
(xi)  decisionsonthebonus,thewelfare,andthereserveanddevelopmentfunds,
    andtheuseorexpenditureofsuchfunds,includingthecapitalizationofany
    reservefundsotherthanthoserequiredbythelawsofthePeople’sRepublicof
    China;
(xii)  decisionsregardingthepurchase,saleorleaseofanyrealpropertywhose
    valueexceedsRMB10million,includingtheacquisitionoflanduserights,
    andtheconstructionofanyfacilitiesthereon;

(xiii)employmentofanyindependentfinancialauditor;
(xiv)  conclusionorearlyterminationofcontractswithrelatedcompaniesor
      engagingintransactionswithrelatedcompanies;

(xv)  anydecisionregardinganysignificantmatternotintheordinarycourseof
      business;

(xvi)  anyothermatterswhichtheChairmanandtheVice-Chairmanreasonably
      determineimportant.

ResolutionsofaninterimmeetingoftheBoardofDirectorsmaybemadeinformofpapermeetingbyfacsimileandsignedbytheDirectorsattendingthemeetingprovidedthattheDirectors’opportunitiestofullyexpresstheiropinionsshallbeensured.
IftheBoardofDirectorsadoptsthepapermeetingformforaresolution,thepassingdateoftheresolutionshallbethedateonwhichtheboardSecretaryreceivesthesignaturepageofthelastDirectoramongstthenumberoftheDirectorsthatisrequiredforapprovingtheresolution.
TheamendedArticle136isrestatedandconstitutedaSARticle137thereofandshownasfollows:
Article137
ThequorumofameetingoftheBoardofDirectorsshallbemorethantwo-thirdsoftheDirectors.ResolutionsoftheBoardofDirectorsshallbepassedbymorethanhalfofalltheDirectors,providedthat,unlessagreatermajorityisrequiredbylaw,thefollowingdecisionsoftheBoardofDirectorsshallrequiretheaffirmativevoteofmorethantwo-thirdsoftheDirectors:
(i)    theconveningoftheshareholders’meetings,theapprovalofthenoticeofthe
      shareholders’meetingsandthereportoftheBoardofDirectorsonitsworkto
      theshareholders’meetings;

(ii)  theimplementationofresolutionsoftheshareholders’meetings;
(iii)  thepreparationanddecisionoffinancialbudgets,businessplansincluding
      productionanddistributionplans,borrowingandinvestmentplansandfinal
      accountsoftheCorporation,andanyexceptionsordeviationsofsuchbudgets,
      plansandaccounts;


    recoveryofitslosses;
(v)  theformulationofproposalsforincreasesorreductionsoftheCorporation’s
    registeredcapitalandtheissuanceofcorporatebonds,stock,sharewarrants,
    shareoptions,Corporationguaranteesandanyothersecuritiesorsecurity
    interests;
(vi)  theplanoftheCorporationpurchasingitsownsharesforthecircumstancesas
      specifiedinItem(III),Item(V)andItem(VI)ofArticle28hereof;

(vii)  thepreparationandapprovalofplansforthemerger,separationand
      dissolutionoftheCorporation;

(viii)thepreparationandapprovaloftheputtinginplaceoftheCorporation’s
      internalmanagementstructureandsystemsandanychangesofsuchstructure
      orsystems;

(ix)  theappointmentanddismissaloftheCorporation’sPresident,ExecutiveVice
      PresidentsandotherSeniorManagementPersonneloftheCorporation,and
      theirremunerations;

(x)  thepurchase,sale,transferorleaseofanycapitalmachineryandequipment
      whosevalueexceedsRMB10million;

(xi)  thepurchase,sale,licensingortransferofanytechnologybytheCorporation
      ortheadditionofanynewproductotherthan“NewGenerationVehicles”
      developedincooperationwiththeStrategicInvestorwhoowns30%ofthe
    totaloutstandingsharesoftheCorporation;
(xii)  decisionsonthebonus,thewelfare,andthereserveanddevelopmentfunds,
    andtheuseorexpenditureofsuchfunds,includingthecapitalizationofany
    reservefundsotherthanthoserequiredbythelawsofthePeople’sRepublicof
    China;
(xiii)decisionsregardingthepurchase,saleorleaseofanyrealpropertywhose
    valueexceedsRMB10million,includingtheacquisitionoflanduserights,
    andtheconstructionofanyfacilitiesthereon;
(xiv)  employmentofanyindependentfinancialauditor;
(xv)  conclusionorearlyterminationofcontractswithrelatedcompaniesor
      engagingintransactionswithrelatedcompanies;


    business;
(xvii)anyothermatterswhichtheChairmanandtheVice-Chairmanreasonably
    determineimportant.
ResolutionsofaninterimmeetingoftheBoardofDirectorsmaybemadeinformofpapermeetingbyfacsimileandsignedbytheDirectorsattendingthemeetingprovidedthattheDirectors’opportunitiestofullyexpresstheiropinionsshallbeensured.
IftheBoardofDirectorsadoptsthepapermeetingformforaresolution,thepassingdateoftheresolutionshallbethedateonwhichtheboardSecretaryreceivesthesignaturepageofthelastDirectoramongstthenumberoftheDirectorsthatisrequiredforapprovingtheresolution.
8.TheArticle138intheArticlesofAssociationofJMCisamendedasfollows:TheoriginalArticle138isshownasfollows:
Article138
TheDirectorsshallattendmeetingsoftheBoardofDirectorsinperson.WhereaDirectorisunabletoattendsuchmeetingforanyreason,hemayappointinwritinganotherDirectortoattendsuchmeetingonhisbehalf.
Theletterofauthorizationshallspecifythenameoftheproxy,themattersauthorized,thescopeandvalidperiodofsuchauthorizationandshallbesignedorsealedbytheauthorizer.
ADirectorwhoattendsameetingonbehalfofanotherDirectorshallexercisetherightsofsuchDirectorwithinthescopeofauthorization.IfaDirectorwhoisunabletoattendameetingoftheBoardofDirectorsfailstoauthorizeaproxytoattendsuchmeetingonhisbehalf,heshallbedeemedtohavewaivedhisrightstovoteatsuchmeeting.
TheamendedArticle138isrestatedandconstitutedaSARticle139thereofandshownasfollows:
Article139
TheDirectorsshallattendmeetingsoftheBoardofDirectorsinperson.WhereaDirectorisunabletoattendsuchmeetingforanyreason,hemayappointinwritinganotherDirectortoattendsuchmeetingonhisbehalf.AnIndependentDirectorshall
Theletterofauthorizationshallspecifythenameoftheproxy,themattersauthorized,thescopeandvalidperiodofsuchauthorizationandshallbesignedorsealedbytheauthorizer.
ADirectorwhoattendsameetingonbehalfofanotherDirectorshallexercisetherightsofsuchDirectorwithinthescopeofauthorization.IfaDirectorwhoisunabletoattendameetingoftheBoardofDirectorsfailstoauthorizeaproxytoattendsuchmeetingonhisbehalf,heshallbedeemedtohavewaivedhisrightstovoteatsuchmeeting.