First Tractor Company Limited announced that the Board and the board of supervisors of the Company recently received letters of resignation from Mr. Wu Yong, Mr. Zhang Jiaxin and Mr. Xu Weilin, respectively. Due to work rearrangement, Mr. Wu Yong applied to resign as an executive director of the Company. Due to work rearrangement, Mr. Zhang Jiaxin applied to resign as a supervisor and the chairman of the board of supervisors of the Company and Mr. Xu Weilin applied to resign as a supervisor of the Company. The letters of resignation tendered by Mr. Wu Yong, Mr. Zhang Jiaxin and Mr. Xu Weilin came into effect upon the same being delivered to the Board and the board of supervisors of the Company, i.e. Mr. Wu Yong's resignation has taken effect on 12 July 2019, and the resignations of Mr. Zhang Jiaxin and Mr. Xu Weilin have taken effect on 15 July 2019.