The board of directors of First Tractor Company Limited received letters of resignations from Mr. Liu Jiguo, Mr. Zhang Zhiyu and Mr. Zhang Bin. Mr. Liu Jiguo has applied for resignation as the chairman of the ninth session of the board of directors of the Company, a director, the chairman of the Strategy, Investment and Sustainable Development Committee, and a member of the Nomination Committee of the Company due to age reason. Mr. Zhang Zhiyu has applied for resignation as a director of the Company and a member of the Audit Committee due to age reason.

Mr. Zhang Bin has applied for resignation as a director of the Company and a member of the Remuneration Committee due to work re-arrangement. Mr. Liu Jiguo, Mr. Zhang Zhiyu and Mr. Zhang Bin will no longer hold any position in the Company after their resignations. The resignations of all three directors become effective from the date on which their letters of resignations are received by the board of directors of the Company (4 July 2024).