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First Tractor Co. Proposes New Executive Director Appointment

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First Tractor Co. Proposes New Executive Director Appointment

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First Tractor Co ( (HK:0038) ) has issued an update.

First Tractor Co. Ltd. has announced the proposed appointment of Mr. Zhao Weilin as a non-independent executive director to fill the vacancy left by the resignation of Mr. Li Xiaoyu. Mr. Zhao, who is currently the chairman of YTO Group Corporation, brings extensive experience in international trade and large-scale corporate operations. This strategic appointment is expected to strengthen the company’s leadership, although Mr. Zhao will not receive remuneration from First Tractor Co. as he is compensated by YTO Group Corporation.

More about First Tractor Co

YTD Price Performance: -1.00%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.71B

For a thorough assessment of 0038 stock, go to TipRanks’ Stock Analysis page.

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