The subsidiary of First Tractor (601038.SH) plans to sell tractor products to related parties and provide related technical documents and training services.

First Tractor (601038.SH) announced that its controlling subsidiary, CNAICO, has signed a "Tractor Equipment Procurement Contract" with China Camc Engineering for the agricultural mechanization center project in Nigeria. China Camc Engineering, as the contractor for the project, plans to purchase the necessary tractor equipment, related technical documents, and domestic training services from CNAICO for a transaction amount of 22.1577 million yuan (including taxes). China Camc Engineering is a subsidiary controlled by the actual controlling shareholder of the company, China National Machinery Industry Corporation (referred to as Sinomach). This transaction constitutes a related party transaction. Through cooperation with Sinomach's internal enterprises in overseas markets, this transaction is beneficial for accelerating the company's pace in promoting agricultural machinery equipment internationally.