First Tractor unit signs RMB 25 million factoring deal with Sinomach Factoring

• First Tractor Company Limited entered into a factoring business agreement on Aug. 25, 2026.
• Under the agreement, Sinomach Commercial Factoring will provide factoring services for certain accounts receivable tied to YTO International’s sales to Sinomach Group.
• The annual cap for receivables to be purchased under the arrangement is RMB 25 million for the year ending Dec. 31, 2026.
• No service fees will be charged to YTO International.
• Financing interest will be borne by the Sinomach Group debtors under separate interest payment agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Tractor Company Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260826-12299358), on August 25, 2026, and is solely responsible for the information contained therein.