一汽解放:2023年年度报告全文(英文版)

FAW JIEFANG GROUPCO., LTD.
Annual Report 2023
March 2024

Section I Important Notes, Contents and Definitions
The Board of Directors and Board of Supervisors, as well as directors, supervisors and
senior executives of the Company guarantee that the contents of the annual report are true,
accurate and complete, there is no false record, misleading statement or major omission, and
shall bear individual and joint legal responsibilities.
Wu Bilei, the person in charge of the Company, Ji Yizhi, the person in charge of
accounting, and Si Yuzhuo, the person in charge of the accounting organization (chief
accountant) declare that they guarantee the authenticity, accuracy and completeness of the
financial report in this annual report.
Except for the following directors, other directors attended the board meeting to review
the annual report in person
Names of Directors Positions of Directors not Reasons for not Name of the
not Present in Person Present in Person Present in Person Trustee
Wu Bilei Chairman of the Board Work Li Sheng
Bi Wenquan Director Work Liu Yanchang
This annual report includes prospective statements, such as future plans, and does not
constitute a substantial commitment of the Company to investors. Investors and relevant
persons should maintain sufficient risk awareness of this and understand the differences
between plans, forecasts, and commitments.
The Company has described in detail the possible risks and countermeasures for its
future development in the section of Management Discussion and Analysis. Investors are
kindly requested to pay attention to relevant contents. China Securities Journal, Securities
Times and CNINFO (http://www.cninfo.com.cn) are the information disclosure media selected
by the Company. All information of the Company is subject to that published in the above
selected media. Investors are kindly requested to pay attention to investment risks.
The profit distribution plan approved by the Board of Directors of the Company is as
follows: Based on the 4,636,485,668 shares of the Company, a cash dividend of CNY 1.5 (tax
inclusive) will be distributed to all shareholders for every 10 shares they hold. Additionally, no
bonus shares (tax inclusive) will be distributed. The Company does not convert reserves into
share capital.

Table of Contents

Section I Important Notes, Contents and Definitions...... 2
Section II Company Profile and Main Financial Indicators...... 6
Section III Management Discussion andAnalysis...... 16
Section IV Corporate Governance...... 60
Section V Environmental and Social Responsibilities ...... 109
Section VI Important Matters...... 124
Section VII Changes in Shares and Shareholders...... 151
Section VIII Preferred Shares ...... 168
Section IX Bonds...... 169
Section X Financial Report...... 170
List of Documents for Future Reference
1. Financial statements signed and sealed by the person in charge of the Company,
the person in charge of accounting and the person in charge of the accounting
organization (chief accountant).
2. The original Auditor’s Report sealed by Pan-China Certified Public Accountants
LLP and sealed and signed by Pan-China's CPAs
3. Originals of all company documents and announcements publicly disclosed on
the website designated by China Securities Regulatory Commission in the reporting
period.

Interpretation
Item Refers to Definition
Company, the Company, FAW Jiefang Refers to FAW JIEFANG GROUP CO., LTD
Jiefang Limited Refers to FAW JiefangAutomotive Co., Ltd.
FAW, FAW Group Refers to CHINAFAW GROUP CO., LTD.
FAW Refers to China FAW Co., Ltd.
FAW Car Refers to FAW Car Co., Ltd.
FAW Bestune Refers to FAW Bestune Car Co., Ltd.
Finance company Refers to FirstAutomobile Finance Co., Ltd.
Board of Directors Refers to Board of Directors of FAW JIEFANG GROUP CO.,
Shareholders’meeting Refers to Shareholders’Meeting of FAW JIEFANG GROUP
Board of Supervisors Refers to Board of Supervisors of FAW JIEFANG GROUP CO.,
SASAC Refers to State-ownedAssets Supervision andAdministration
Ministry of Finance Refers to Ministry of Finance of the People's Republic of China
CSRC Refers to China Securities Regulatory Commission
SZSE Refers to Shenzhen Stock Exchange
China Securities Depository and