Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ANNOUNCEMENT IN RELATION TO

THE RESOLUTIONS PASSED AT THE FIRST MEETING OF

THE NINTH SESSION OF BOARD

The board (the "Board") of directors (the "Directors") of First Tractor Company Limited* (the "Company") hereby warrants that there are no false information, misleading statements or material omissions in this announcement, and accept several and joint responsibilities for the truthfulness, accuracy and completeness of its contents.

The first meeting (the "Meeting") of the ninth session of the Board of the Company was convened at No. 154 Jianshe Road, Luoyang, Henan Province on 13 April 2022, the business place of the Company, through the way of the combination of on-site meeting and video meeting. All 7 Directors who are required to attend the Meeting have attended the Meeting (including 1 attendance by proxy). As elected by all Directors, the Meeting was chaired by Mr. Liu Jiguo, a Director, and the following resolutions were passed at the Meeting:

I. TO CONSIDER AND PASS THE RESOLUTION IN RELATION TO ELECTION OF THE CHAIRMAN OF THE BOARD OF THE COMPANY

To elect Mr. Liu Jiguo, a Director, as the chairman of the ninth session of the Board of the Company for a term of office from 13 April 2022 to 12 April 2025, the date of expiry of the term of the ninth session of the Board.

Voting results: Approving votes: 7; Dissenting votes: 0; Abstention votes: 0.

II. TO CONSIDER AND PASS THE RESOLUTION IN RELATION TO THE

COMPOSITION OF SPECIAL COMMITTEES OF THE NINTH SESSION OF THE BOARD OF THE COMPANY

To approve the composition of the special committees of the ninth session of the Board of the Company:

(I) Strategy, Investment and Sustainable Development Committee of the Board

Chairman: Liu Jiguo

Members: Fang Xianfa and Xu Liyou

  • (II) Nomination Committee of the Board

    Chairman: Wang Shumao

    Members: Liu Jiguo and Edmund Sit

  • (III) Remuneration Committee of the Board

    Chairman: Edmund Sit

    Members: Ma Zhihui and Wang Shumao

  • (IV) Audit Committee of the Board

    Chairman: Edmund Sit

    Members: Zhang Zhiyu and Xu Liyou

    The term of office of each of the members of committees is the same as the term of the ninth session of the Board.

    Voting results: Approving votes: 7; Dissenting votes: 0; Abstention votes: 0.

III. TO CONSIDER AND PASS THE RESOLUTION IN RELATION TO THE

APPOINTMENT OF THE GENERAL MANAGER OF THE COMPANY

To approve the appointment of Mr. Liu Jiguo as the general manager of the Company, the term of office of whom is the same as that of the ninth session of the Board.

Voting results: Approving votes: 7; Dissenting votes: 0; Abstention votes: 0.

IV. TO CONSIDER AND PASS THE RESOLUTION IN RELATION TO

THE APPOINTMENT OF THE DEPUTY GENERAL MANAGERS AND FINANCIAL CONTROLLER OF THE COMPANY

To approve the appointment of Mr. Su Wensheng, Ms. Yu Lina, Mr. Xue Wenpu, Mr. Wei Tao and Mr. Yang Guangjun as the deputy general managers of the Company, and the appointment of Mr. Su Ye as the financial controller of the Company, the term of office of each of whom is the same as the that of the ninth session of the Board, as nominated by Liu Jiguo, the general manager.

Voting results: Approving votes: 7; Dissenting votes: 0; Abstention votes: 0.

  • V. TO CONSIDER AND PASS THE RESOLUTION IN RELATION TO THE APPOINTMENT OF SECRETARY TO THE BOARD OF THE COMPANY

    To approve the appointment of Ms. Yu Lina as the Secretary to the Board and the Company Secretary of the Company, the term of office of whom is the same as that of the ninth session of the Board.

    Voting results: Approving votes: 7; Dissenting votes: 0; Abstention votes: 0.

  • VI. TO CONSIDER AND PASS THE RESOLUTION IN RELATION TO THE

    APPOINTMENT OF THE REPRESENTATIVE OF SECURITIES AFFAIRS

    OF THE COMPANY

    To approve the appointment of Mr. Peng Qiang as the representative of securities affairs of the Company, the term of office of whom is the same as that of the ninth session of the Board.

    Voting results: Approving votes: 7; Dissenting votes: 0; Abstention votes: 0.

For details of the biographies of persons involved in the aforesaid six resolutions, please refer to the appendix.

By Order of the Board

FIRST TRACTOR COMPANY LIMITED*

YU Lina

Company Secretary

Luoyang, the PRC

13 April 2022

As at the date of this announcement, the Board comprises Mr. Liu Jiguo (Chairman) as the executive Director; Mr. Zhang Zhiyu, Mr. Fang Xianfa, Mr. Ma Zhihui as the non-executive Directors; and Mr. Edmund Sit, Mr. Wang Shumao and Mr. Xu Liyou as the independent non-executive Directors.

APPENDIX:

Mr. Liu Jiguo, Chairman and General Manager, born in December 1964, professor level senior engineer and currently serves as the Chairman and the General Manager of the Company, secretary to Party Committee and deputy chairman of YTO Group Corporation* ("YTO"). Mr. Liu joined YTO in 1987, and served as the General Manager Assistant, Deputy General Manager and Safety Director of YTO, and General Manager and Director of the Company. Mr. Liu studied in Northeast Heavy Machinery College and Jiangsu University with a Bachelor degree in Engineering and a Master degree in Engineering. Mr. Liu has extensive experience in corporate management, production and management, financial operation, etc.

Mr. Su Wensheng, Deputy General Manager, born in August 1968, senior engineer, and currently serves as a Deputy General Manager of the Company and a deputy secretary to the Party Committee of YTO. Mr. Su joined YTO in 1991, and served as the General Manager Assistant of the Company, etc. Mr. Su studied in Gansu University of Technology, Jiangsu University, Henan University of Science and Technology with a Bachelor degree in engineering and a Master degree in Engineering. Mr. Su has extensive experience in production operation, enterprise management, etc.

Ms. Yu Lina, Deputy General Manager and Secretary to the Board, born in August 1970, economist, level two corporate legal adviser, with the qualification of lawyer, currently serves as a Deputy General Manager and Secretary to the Board of the Company and a member of the Standing Committee of the Party Committee of YTO, director of SINOMACH Capital Holdings Ltd., director of Brilliance China Machinery Holdings Limited. Ms. Yu joined YTO in 1992, and served as the Director of Investor Relations and other positions of the Company. Ms. Yu studied in the Zhongnan University of Economics and Law and China University of Political Science and Law with a Bachelor degree in Law and a Master degree in Law. Ms. Yu has extensive experience in investment and capital operation, corporate governance, human resource management, assets management, etc.

Mr. Xue Wenpu, Deputy General Manager, born in February 1973, senior engineer, currently serves as a Deputy General Manager of the Company and a member of the Standing Committee of the Party Committee of YTO. Mr. Xue joined YTO in 1994 and successively served as deputy director, director, deputy secretary of the party committee (concurrently) of the Third Assembly Plant, director of the First Assembly Plant, director and deputy secretary of the party committee (concurrently) of the High-powered Tractors Assembly Plant. Mr. Xue studied in Zhengzhou University of Technology (ቍψʈኪ৫) and holds a Bachelor's degree in engineering. Mr. Xue has profound experience in production, operation and management and marketing.

Mr. Su Ye, Financial Controller, born in October 1973, senior accountant, currently serves as the Financial Controller of the Company and a member of the standing committee of the Party Committee of YTO. Mr. Su served as the general manager of the Asset and Financial Department, general manager of the Asset Operational Department, assistant to general manager and employee representative director of SINOMACH Asset Management Corporation (਷ዚ༟ପ၍ଣϞࠢʮ̡); an executive director (chairman) and general manager of SINOMACH Times Estate (Chengdu) Co., Ltd.* (਷ዚࣛ˾ໄุϓேϞࠢʮ̡); an executive director and general manager of SINOMACH Investment Management (Chengdu) Co., Ltd.* (਷ዚҳ༟၍ଣϓேϞ ࠢʮ̡); and the financial controller of China Geological Equipment Group Co., Ltd. (ʕ਷ήሯༀ௪ණྠϞࠢʮ̡). Mr. Su studied in Capital University of Economics and Business and University of International Business and Economics, and holds a Bachelor degree in Economics and a Master of Business Administration degree. Mr. Su has extensive experience in financial management and enterprise operation management.

Mr. Wei Tao, Deputy General Manager, born in October 1980, senior engineer, currently serves as a Deputy General Manager of the Company and a member of the standing committee of the Party Committee of YTO. Mr. Wei joined YTO in 2003, successively served as deputy director of the Third Assembly Plant, the deputy head of Quality Engineering Center, the head of the Quality Department and the deputy head of the Technology Development Department of YTO and the General Manager Assistant of the Company. Mr. Wei graduated from Northeast Agricultural University with a Bachelor degree in engineering. Mr. Wei has extensive experience in production and manufacturing, technical quality management, cadre and human resource management, etc.

Mr. Yang Guangjun, Deputy General Manager, born in February 1983, engineer, currently serves as a Deputy General Manager of the Company and a member of the standing committee of the Party Committee of YTO. Mr. Yang joined YTO in 2009, and served as the secretary of the Party Committee and the deputy general manager of YTO (Luoyang) Diesel Engine Co., Ltd. and the General Manager Assistant of the Company. Mr. Yang graduated from Henan University of Science and Technology with a Bachelor degree in engineering. Mr. Yang also has extensive experience in marketing, production and manufacturing and procurement management, etc.

Mr. Peng Qiang, representative of securities affairs, born in September 1983, holds a Juris Master (LL.M.) degree and professional qualification for lawyers, and currently serves as the representative of securities affairs of the Company, the head of Securities Affairs Section of the Office of the Board. Mr. Peng joined YTO in 2011, and has extensive experience in listed companies' information disclosure, securities affairs, etc.

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First Tractor Company Limited published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 22:14:10 UTC.