Jiangling Motor: termination of the transaction of 100% equity transfer of wholly-owned subsidiary Jiangling heavy truck Co., Ltd.

[Jiangling Automobile: terminating the transfer of 100% equity interest in wholly-owned subsidiary Jiangling heavy truck Co., Ltd.] Jiangling announced that both sides of the project Jiangling and Volvo Lastvagnar Aktiebolag agreed to terminate the transfer of 100% equity interest in Jiangling heavy truck Co., Ltd. because the government approval required by the exchange could not be completed within the agreed time.