The board of directors of First Tractor Company Limited recently received the written resignation from Mr. Su Ye, in which Mr. Su Ye applied to resign as the Financial Controller of the Company due to job adjustment. The resignation took effect from the date of delivery of the letter to the Board. Upon his resignation, Mr. Su Ye will no longer hold any position in the company.

The resignation of Mr. Su Ye as the Financial Controller will not affect the daily operation of the Company. The company will appoint a new Financial Controller as soon as possible in accordance with relevant regulations. During his tenure of service as the Financial Controller of the Company, Mr. Su Ye had always been diligent and committed to his work.

The Board of the Company would like to express its sincere gratitude to Mr. Su Ye for his contribution during his term of office.