Compensation Management System for Directors and Senior Management of Jiangling Motors Corporation, Ltd.

Chapter 1 General Principles

Article 1

To standardize the compensation management of directors and senior management of Jiangling Motors Corporation, Ltd. (hereinafter referred to as "the Company"), and to establish a scientific and effective incentive and restraint mechanism to enhance corporate governance, this system is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, and other relevant laws and regulations, as well as the Articles of Association of Jiangling Motors Corporation, Ltd. (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.

Article 2

This system applies to the directors and senior management personnel who have signed labor contracts with the Company.

Article 3

The management of director and senior management compensation shall adhere to the following principles:

1. A combination of legal compliance and market regulation;
2. The principle of combining responsibilities, rights, and interests, with compensation closely linked to performance and assessment results;
3. A combination of short-term and long-term incentives;
4. The principles of openness, fairness, and justice.