FIRST TRACTOR (00038): Xue Lipin resigns as independent director and Chairman of the Board's Audit Committee.

FIRST TRACTOR (00038) announced that Mr. Xue Lipin, the current independent director, will end his term on April 12, 2025, after six years of continuous service. Therefore, Mr. Xue Lipin has applied to resign from the positions of independent director, chairman of the board's audit committee, chairman of the board's remuneration committee, and member of the board's nomination committee, effective from April 10, 2025. The company held its 34th meeting of the ninth board of directors on April 10, 2025, and approved the "Proposal on Adjusting the Members of the Special Committees of the Ninth Board of Directors of the Company." They agreed to appoint Ms. Huang Qiwen as a member of the board's audit committee and nomination committee, and as chairman of the board's audit committee; they also agreed to appoint Mr. Xu Liyou as a member of the board's remuneration committee, and as its chairman. The term of office for the above-mentioned individuals will last until the completion of the ninth board of directors' term. Apart from these adjustments, the members of the special committees of the ninth board of directors will remain unchanged.