First Tractor Co. Ltd. provided earnings guidance for the year ended December 31, 2014. Based on the preliminary calculations, it was estimated that the net profit attributable to the shareholders of the Company for the year ended December 31, 2014 would be approximately RMB 100,000,000 to RMB 180,000,000, decreasing by 18% to 55% as compared with that in the same period last year.

Due to business combination under common control occurred in 2014, retrospective adjustments would be made to the financial figures at the beginning of the period. It was estimated that the net profit attributable to the shareholders of the Company for the year ended December 31, 2014 would decrease by 22% to 57%, as compared with the restated figures in the same period last year.