First Tractor (601038.SH) plans to increase its capital by 85.71 million yuan to Guoji Financial Company.

First Tractor (601038.SH) announced that in order to promote the business development of China National Machinery Financial Corporation and further increase its capital strength, all shareholders of the company plan to increase its capital by 600 million yuan in cash in proportion. The company will contribute 85.716 million yuan. After this capital increase, the registered capital of China National Machinery Financial Corporation will increase from 1.75 billion yuan to 2.35 billion yuan, and the amount of capital contributed by First Tractor to the registered capital of China National Machinery Financial Corporation will increase from 250 million yuan to 336 million yuan. The shareholding ratios of the shareholders will remain unchanged, and the company will continue to hold 14.286% equity in China National Machinery Financial Corporation. China National Machinery Financial Corporation operates steadily. This capital increase will help further enhance the capital strength of China National Machinery Financial Corporation, strengthen its risk resistance, and better provide financial services to the company, ensuring support and assistance for the company's production, operation, and market development.