First Tractor (601038.SH) subsidiary YTO Diesel Engine Co. terminates the sale of 0.88% equity in ZYBANK.

First Tractor (601038.SH) announcement, the company's controlling subsidiary YTO (Luoyang) Diesel Engine Co., Ltd. (referred to as: YTO Diesel Engine Company) publicly listed on the Beijing Property Exchange to transfer its 0.88% equity in ZYBANK Co., Ltd. (referred to as: ZYBANK) (referred to as: Target Equity, the transaction referred to as this transaction or this major asset sale) constitutes a major asset sale as stipulated in the "Management Measures for Major Asset Restructuring of Listed Companies". As of December 27, 2024, the deadline for the public listing transfer disclosure expired, and no qualified potential buyers were solicited. The ninth meeting of the ninth board of directors and the fifteenth meeting of the ninth board of supervisors of the company agreed to terminate this major asset sale.