First Tractor Company Limited — Earnings Release 1999

May 2, 2000

Listed Company Information

FIRST TRACTOR<0038> - Results Announcement First Tractor Company Limited announced on 28/4/2000: (stock code: 38) Year end date: 31/12/1999 Currency: RMB (Audited) (Audited) Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 31/12/1999 to 31/12/1998 ('000) ('000) Turnover - Continuing : 2,865,137 2,703,563 - Discontinued : N/A N/A Operating Profit/(Loss) - Continuing : 130,717 222,887 - Discontinued : N/A N/A Total Operating Profit/(Loss) : 130,717 222,887 Share of Profit/(Loss) of Associated Companies : 2,101 387 Share of Profit/(Loss) of Jointly Controlled Entities : 5,191 4,170 Profit/(Loss) after Tax & MI : 80,121 132,439 % Change over Last Period : -39.50% EPS/(LPS)-Basic : RMB10.21 cents RMB16.87 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 80,121 132,439 Final Dividend per H Share : RMB5.3 cents RMB5.2 cents (HK4.87 cents) (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : 29/5/2000 to 27/6/2000 bdi. Payable Date : 30/6/2000 B/C Dates for Annual General Meeting : 29/5/2000 to 27/6/2000 bdi. Other Distribution for Current Period : NIL B/C Dates for Other Distribution : NIL For more details, please refer to the press announcement today.