The board of directors of First Tractor Company Limited (the "Company") received a written resignation on 9 June 2021 from Mr. Cai Jibo, an executive Director and the vice chairman of the Company. Mr. Cai Jibo has applied for the resignation from positions as the vice chairman, the executive Director, a member of the Strategy, Investment Committee and Sustainable Development Committee and a member of the Remuneration Committee of the board of directors the Company due to the change in work arrangements.