SAIC MOTOR ANNUAL REPORT 2022

Company Code: 600104

Abbreviation of the Company: SAIC Motor

SAIC MOTOR CORPORATION LIMITED

Annual Report 2022

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SAIC MOTOR ANNUAL REPORT 2022

Important Note

  1. Board of directors (the "Board"), board of supervisors, directors, supervisors and senior management of the Company certify that this report does not contain any false or misleading statements or material omissions and are jointly and severally liable for the authenticity, accuracy and integrity of the content.
  2. All directors attended Board meetings.
  3. Deloitte Touche Tohmatsu Certified Public Accountants LLP issued a standard and unqualified auditors' report to the Company.
  4. Mr. Chen Hong, Chairman of the Board, Mr. Wei Yong, the chief financial officer, and Ms. Gu Xiao Qiong, head of Accounting Department, certify the authenticity, accuracy and integrity of the financial reports contained in the annual report of the current year.
  5. Plan of profit distribution or capital reserve capitalization resolved by the Board
    The Company plans to distribute cash dividends of RMB 3.37 (inclusive of tax) per 10 shares, amounting to RMB 3,873,908,518.85 in total based on 11,495,277,504 shares, that is, the total shares of 11,683,461,365 net of the number of shares (188,183,861 shares) on the special securities account for repurchase as of the disclosure date of the annual report. The Company has no plan of capitalization of capital reserve this year. During the period from the disclosure date of the annual report to the registration date of equity distribution, if there is any change in the number of shares entitled to profit distribution due to situations such as repurchase of shares, the total amount of profit distribution is maintained and the amount of distribution per share is adjusted accordingly.
  6. Risk statement of forward-lookingdescription √Applicable □N/A
    The forward-looking description on future plan and development strategy in this report does not constitute substantive commitment to investors. Please note the investment risk.
  7. Does the situation exist where the controlling shareholder and other related parties occupy the funds of the Company for non-operational use?
    No.
  8. Does the situation exist where the Company provides external guarantee which is not in compliance with the required decision-making procedures?
    No.
  9. Are over 1/2 of directors not able to ensure the authenticity, accuracy and integrity of the annual report disclosed by the Company?
    No.
  10. Significant risk alert
    There are no significant risks which have substantive effects on the Company's production and operation during the reporting period. The Company has described the possible risks that the

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SAIC MOTOR ANNUAL REPORT 2022

Company may be exposed to in the process of production and operation in this report. Please refer to "Possible Risks" in Section III Management Discussion and Analysis.

11. Others

□Applicable √ N/A

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SAIC MOTOR ANNUAL REPORT 2022

Contents

Section I Definitions

5

Section II General Information and Major Financial Indicators of the Company

6

Section III Management Discussion and Analysis

11

Section IV Corporate Governance

34

Section V Environmental and Social Responsibility

52

Section VI Important Events

58

Section VII Changes in Shares and Shareholders

73

Section VIII Preferred Shares

77

Section IX Bonds

78

Section X Financial Report

82

List of Documents

Available for Inspection

Financial statements with signatures of head of the Company, chief financial officer and head of accounting department

Auditors' report with the seal and signatures of accounting firm and certified public accountants

Announcements and documents disclosed during the reporting period

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SAIC MOTOR ANNUAL REPORT 2022

Section I Definitions

  1. Definition

In this report, unless the context otherwise indicated, the following terms are defined as below:

Definitions of frequently-used words

CSRC

Refers to

China Securities Regulatory Commission

SSE

Refers to

Shanghai Stock Exchange

Shanghai SASAC

Refers to

Shanghai

State-owned

Assets

Supervision and

Administration Commission

Company, the Company,

the Group, SAIC

Refers to

SAIC Motor Corporation Limited

Group, SAIC Motor

SAIC (Group)

Refers to

Shanghai Automotive Industry (Group) Co., Ltd.

SAIC VOLKSWAGEN

Refers to

SAIC Volkswagen Automobile Co., Ltd.

SAIC GM

Refers to

SAIC General Motors Co., Ltd.

SAIC Passenger Vehicle,

Passenger Vehicle

Refers to

SAIC Motor Corporation

Limited

Passenger Vehicle

Branch

Branch

SRIH

Refers to

SAIC

MOTOR

R&D

INNOVATION

HEADQUARTERS

SGMW

Refers to

SAIC GM Wuling Co., Ltd.

SAIC Maxus

Refers to

SAIC Maxus Vehicle Co., Ltd.

Shanghai Sunwin

Refers to

Shanghai Sunwin Bus Co., Ltd.

SAIC HONGYAN

Refers to

SAIC HONGYAN Automobile Co., Ltd.

Nanjing Iveco

Refers to

Nanjing Iveco Automobile Co., Ltd.

SAIC Motor-CP

Refers to

SAIC Motor-CP Co., Ltd.

SAIC Indonesia, Wuling Indonesia

Refers to

SAIC-GM-Wuling Motor Indonesia

HASCO Motor, HASCO

Refers to

HUAYU Automotive Systems Co., Ltd.

SNAT

Refers to

Shanghai

New Power

Automotive Technology

Company Limited

SFC, SAIC SFC

Refers to

SAIC Finance Co., Ltd.

SAIC-GMAC

Refers to

SAIC-GMAC Automotive Finance Co., Ltd.

Chexiang Technology

Refers to

Shanghai Chexiang Technology Industry Co., Ltd.

Anji Logistics

Refers to

Anji Automotive Logistics Co., Ltd.

IM Motors

Refers to

IM Motors Co., Ltd.

SHPT

Refers to

Shanghai Hydrogen Propulsion Technology Co., Ltd.

Z-one Tech

Refers to

Z-one Technology co., Ltd.

RISING Auto

Refers to

Rising Auto Technology Co., Ltd.

DIAS

Refers to

DIAS Automotive Electronic Systems Co., Ltd.

Fin Shine

Refers to

Shanghai Sail-Cloud Technology Co., Ltd.

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Disclaimer

SAIC Motor Corporation Limited published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 04:22:10 UTC.