The board of directors of First Tractor Company Limited recently received a letter of resignation from Mr. Li Kai, a non-executive Director of the company. Mr. Li Kai applied to resign as a non-executive Director and a member of the Remuneration Committee due to work requirement. On April 1, 2019, the company held the sixth meeting of the eighth session of the Board, at which the Resolution in relation to Nomination of Candidates for Executive Directors of the Eighth Board of the company was considered and approved, pursuant to which the nomination of Mr. Cai Jibo as a candidate for an executive Director of the eighth Board of the company for a term commencing from the date of approval of the Shareholders of the company at the relevant extraordinary general meeting of the company (that is 25 April 2019) until the expiry of the term of office of the current Board (that is 28 October 2021) was approved. The resignation of Mr. Li Kai as a non-executive Director and a member of the Remuneration Committee has taken effect on 30 March 2019. The appointment of Mr. Cai Jibo as an executive Director of the company is subject to the approval of the Shareholders of the company at an extraordinary general meeting of the company.