Termination of sale of the 0.8827% stake held by FIRST TRACTOR in ZYBANK Diesel Engine Company.

22:16 27/12/2024

First Tractor Co., Ltd. (00038) issued an announcement that its holding subsidiary Yituo (Luoyang) Diesel Engine Co., Ltd. (...)

FIRST TRACTOR (00038) announced that its controlling subsidiary, YTO (Luoyang) Diesel Engine Co., Ltd. (YTO Diesel Engine Company), publicly listed its 0.8827% equity stake in ZYBANK Co., Ltd. (ZYBANK) on the Beijing Property Exchange. This constitutes a major asset sale as stipulated by the "Regulations on the Management of Major Asset Restructuring of Listed Companies". As of December 27, 2024, the deadline for disclosing the public listing of the transfer has expired, and no qualified prospective transferees have been solicited. The Ninth Board of Directors' thirtieth meeting and the Ninth Board of Supervisors' fifteenth meeting approved the termination of this major asset sale transaction.

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Huai Long Securities: The "price recovery mode" of fiberglass has started, and the profitability of the building materials industry is expected to continue to improve.

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