Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2026—025
Jiangling Motors Corporation, Ltd.
Announcement on Year 2025 Dividend Distribution
Jiangling Motors Corporation, Ltd. and its Board members warrant that the
information disclosed herein is true, accurate and complete and does not contain
any false record, misleading statement or material omission.
Special note:
(hereinafter referred to as “JMC” or the “Company”) for the year 2025 was approved
at the Company’s 2025 Annual Shareholders’ Meeting held on June 25, 2026, and the
dividend distribution plan is as follows: Based on the share capital of 854,581,922
shares after deducting shares repurchased by the Company as of December 31, 2025,
of which the total number of A shares is 510,581,922 shares and the total number of B
shares is 344,000,000 shares, as of December 31,2025, a cash dividend of RMB 5.5581
(including tax) per 10 shares is to be distributed to shareholders. No bonus shares shall
be issued, and nor capital surplus shall be capitalized to increase share capital.
Company's share repurchase special account. According to the Shenzhen Stock
Exchange Self-Regulatory Supervision Guidelines for Listed Companies No. 9 —
Share Repurchases, shares in the repurchase special account shall not be entitled to
dividend distribution. The total number of eligible shares is 854,581,922.
ex-dividend reference prices per share, calculated separately based on the total share
capital of the Company's A-shares and B-shares, are as follows:
The Company's A-share distribution plan is not based on the total A-share share capital
and involves adjustments to relevant parameters. Therefore, the dividend per 10 shares
must be calculated based on the Company's total share capital (i.e., total A-share
dividends / total A-share share capital).
The actual total A-share cash dividend distributed this time (including tax) = A shares
eligible for this dividend distribution (excluding treasury shares) × actual dividend per
share distributed = 510,581,922 shares × RMB 0.55581 per share (including tax) =
RMB 283,786,538 (including tax).
The Company's A-share dividend per 10 shares calculated based on the total A-share
share capital = actual total A-share cash dividend distributed this time ÷ total A-share
share capital (including treasury shares) × 10 = RMB 283,786,538 (including tax) ÷
places, with the last digit directly truncated, not rounded off).
Upon the completion of this dividend distribution, in accordance with the principle of
unchanged market capitalization, the Company's total issued share capital remains
unchanged before and after the implementation of the dividend distribution. The
theoretical A-share ex-right and ex-dividend reference price = A-share closing price on
the record date - RMB 0.5465695 per share.
The Company's B-share cash dividend per 10 shares is RMB 5.5581 (equivalent to
HKD 6.3930 per 10 shares, at the exchange rate of HKD 1 = RMB 0.8694). After the
implementation of this equity distribution, the B-share ex-right and ex-dividend price =
B-share closing price on the last trading day - HKD 0.63930 per share.
I. Review and Approval of the Proposal on Dividend Distribution at Annual
Shareholders’ Meeting
approved at the Company’s 2025 Annual Shareholders’ Meeting held on June 25, 2026,
and the proposal on dividend distribution is as follows: Based on the share capital of
December 31, 2025, a cash dividend of RMB 5.5581 (including tax) per 10 shares is to
be distributed to shareholders. No bonus shares shall be issued, and nor capital surplus
shall be capitalized to increase share capital.
company's total share capital has remained unchanged.
approved at the Shareholders’ Meeting.
from the date when the shareholders’ meeting approved it.
II. Proposal on Dividend Distribution
The proposal on dividend distribution of the Company for the year 2025 is as follows:
based on the Company's existing total share capital of 854,581,922 shares after
deducting 8,632,078 treasury shares, a cash dividend of RMB 5.558100 (including tax)
per 10 shares is to be distributed to shareholders. After tax, qualified foreign
institutional investors (QFII and RQFII) holding the Company’s A-shares, individual
shareholders and securities investment funds holding the Company’s pre-IPO limited
tradable A-shares will receive a cash dividend of RMB 5.002290 per 10 shares.
Individual shareholders holding the Company’s post-IPO limited tradable A-shares,
equity incentive limited tradable A-shares or unlimited tradable A-shares will receive
their dividends at differentiated tax rate, i.e., receive a cash dividend of RMB 5.558100
per 10 shares firstly and pay taxes per actual shareholding period in case investors
reduce their holdings of shares after equity record day (Note). Regarding the tax on
dividends of securities investment funds holding the Company’s post-IPO limited
tradable A-shares, equity incentive limited tradable A-shares or unlimited tradable
A-shares, Hong Kong investors shall pay tax at 10% of tax rate, and domestic investors
shall pay tax at differentiated tax rate. Non-resident enterprise shareholders holding the
Company’s B-shares and individual shareholders holding the Company’s pre-IPO
limited tradable B-shares will receive an after-tax cash dividend of RMB 5.002290 per
unlimited tradable B-shares will receive their dividends at differentiated tax rate, i.e.,
receive a cash dividend of RMB 5.558100 per 10 shares firstly and pay taxes per actual
shareholding period in case investors reduce their holdings of shares after equity record
day.
Note: shareholding period shall be counted on a securities account basis under the
principle of “First-In, First-Out”. Regarding the shareholding period within one month
(including one month), the shareholder shall pay extra tax of RMB 1.111620 per 10
shares upon disposal; regarding the shareholding period more than one month up to
one year (including one year), the shareholder shall pay extra tax of RMB 0.555810
per 10 shares; no additional tax for holdings over one year.
Special Statement: As the Company is a Sino-foreign joint venture, individual foreign
shareholders may enjoy temporary exemption from dividend income tax.
The cash dividend payable to holders of B shares shall be paid in Hong Kong Dollars
converted at HKD 1.00 = RMB 0.8694. This rate is the central parity exchange rate
between Hong Kong Dollars and RMB published by the People’s Bank of China on the
first business day following the adoption of relevant resolutions at the Company’s
Annual Meeting of Shareholders, i.e., June 26, 2026.The tax to be paid by the
individual B shareholders withheld in the future shall be converted according to the
aforementioned exchange rate.
III. Equity Record Date and Ex-dividend Date
Ex-dividend date: July 14, 2026.
Ex-dividend date: July 14, 2026;
Equity record date for B shares: July 16, 2026.
IV. Beneficiaries
Depository and Clearing Corporation, Ltd., Shenzhen Branch, as of the close of trading
of Shenzhen Stock Exchange on July 13, 2026.
Depository and Clearing Corporation, Ltd., Shenzhen Branch, as of the close of trading
of Shenzhen Stock Exchange on July 16, 2026 (the last trading date is July 13, 2026).
V. Distribution Methods
by China Securities Depository and Clearing Corporation, Ltd., Shenzhen Branch,
under the Company’s authorization, and directly credited to the shareholders’ accounts
through their designated securities brokers on July 14, 2026.
China Securities Depository and Clearing Corporation, Ltd., Shenzhen Branch under
the Company’s authorization, and directly credited to the shareholders’ securities
accounts through their designated securities brokers or custodian banks on July 16,
receive the dividend from the former custodian bank.
Investment Co., Ltd.
During the application window for profit distribution business (application date: July 1,
China Securities Depository and Clearing Corporation, Ltd., Shenzhen Branch to
distribute is insufficient due to the reduction of shares in the securities account of the
shareholders receiving direct dividend disbursement from the Company, all the legal
liabilities and consequences shall be borne by the Company.
VI. Adjustment of relevant parameters
As the Company's treasury shares are not entitled to the dividend distribution, after the
implementation of this profit distribution, in accordance with the principle of
unchanged market capitalization, the Company's total share capital remains unchanged
before and after the actual profit distribution, while cash dividend per share be diluted
accordingly. After the implementation of this profit distribution, the calculation
formulas for the reference ex-right and ex-dividend prices per share, separately
calculated based on the total share capital of the Company's A-shares and B-shares, are
as follows:
The actual total A-share cash dividend distributed this time (including tax) = Total A
shares eligible for this profit distribution (excluding treasury shares) × actual dividend
per share = 510,581,922 shares × RMB 0.55581 per share (including tax) = RMB
The Company's A-share dividend per 10 shares calculated based on the outstanding
A-shares = actual total A-share cash dividend distributed this time ÷ total outstanding
A-shares (including treasury shares) × 10 = RMB 283,786,538 (including tax) ÷
decimal places, with the last digit directly truncated, not rounded off).
After the implementation of this profit distribution, in accordance with the principle of
unchanged market capitalization, the Company's total share capital remains unchanged
before and after the implementation of the profit distribution. The reference A-share
ex-right and ex-dividend price = A-share closing price on the record date - RMB
The Company's B-share cash dividend per 10 shares is RMB 5.5581 (equivalent to
HKD 6.3930 per 10 shares, at the exchange rate of HKD 1 = RMB 0.8694). After the
implementation of this profit distribution, the B-share reference ex-right and
ex-dividend price = B-share closing price on the last trading day - HKD 0.63930 per
share.
VII. Other Explanation
If income tax has been withheld from dividends distributed to a B Shareholder who is
neither a domestic individual nor a non-resident enterprise, such shareholder shall
contact the Company by 16 August 2026 (inclusive) and submit supporting documents
for eligibility verification. Upon confirmation, the Company will assist in the refund of
the taxes withheld.
VIII. Consulting Department: Securities Department, Jiangling Motors Corporation,
Ltd.
Address: No.2111, Middle Yingbin Avenue, Nanchang County, Nanchang City, Jiangxi
Province, P.R.C.
Tel: 0791-85266178
Fax: 0791-85232839
Contact person: Quan Shi, Wan Xianke
IX. Documents for reference
China Securities Depository and Clearing Corporation Limited, Shenzhen Branch.
The announcement is hereby published.
Board of Directors
Jiangling Motors Corporation, Ltd.
July 7, 2026
