First Tractor Company Limited announced that board of directors of company recently received a letter of resignation from Mr. Ma Zhihui. Mr. Ma Zhihui has applied for resignation as a non-executive director and a member of the remuneration committee of the board of directors of the Company due to work rearrangement, and will no longer hold any position in the Company after his resignation. The resignation of Mr. Ma Zhihui will be effective from 19 October 2022. Mr. Ma Zhihui confirmed that he does not have any disagreement with the board of directors of the Company and there is no matter that needs to be notified to the shareholders of the Company. During his tenure, Mr. Ma Zhihui performed his duties with due diligence and played an active role in promoting the standardized operation and scientific decision-making of the Company. The board of directors of the Company would like to express its sincere gratitude to
Mr. Ma Zhihui for his contribution to the Company during his tenure.