The board of directors of First Tractor Company Limited announced that the net profit attributable to the shareholders estimated to be RMB 222 million to RMB 332 million for the year ended December 31, 2020, representing an increase of RMB 161 million to RMB 271 million as compared with the corresponding period last year, or a year-on-year increase of 261.12% to 440.05%.