Election of Li Peng as the employee representative director of the Tenth Board of Directors.

First Tractor (00038) announced that the company held a joint meeting of the Workers' Congress and Democratic Management Committee on December 16, 2025. Mr. Li Peng (Mr. Li) was elected as the employee director of the tenth board of directors for a term of three years, from December 16, 2025 to December 15, 2028. The Board of Directors is pleased to announce that the re-election and appointment of the following eight directors have been approved by shareholders at an extraordinary general meeting through a regular resolution: Executive Directors: Mr. Zhao Weilin, Mr. Wei Tao; Non-executive Directors: Mr. Fang Xianfa, Mr. Yang Jianhui, Mr. Sun Feng; Independent Non-executive Directors: Mr. Wang Shumao, Mr. Xu Liyou, Ms. Huang Qiwen. Mr. Miao Yu, a non-executive director of the ninth board of directors, retired at the end of the extraordinary general meeting due to the expiration of his term as a director.