First Tractor Sets 2025 AGM to Approve Results, Profit Plan and Governance Measures

An update from First Tractor Co ( (HK:0038) ) is now available.

First Tractor Company Limited has convened its 2025 annual general meeting for 2 June 2026 in Luoyang, Henan Province, where shareholders will review the board report, audited financial statements and the profit distribution plan for the year ended 31 December 2025. The agenda also authorises the board to set the 2026 interim profit distribution plan, considers reappointing ShineWing Certified Public Accountants as auditor with specified fees, and seeks approval for new remuneration measures for directors and senior management, while setting record and closure dates for H-shareholders entitled to attend and vote.

The proposed auditor mandate would extend ShineWing’s engagement through the 2026 financial year, underlining continuity in First Tractor’s financial oversight and internal control review amid a normalised governance cycle. The detailed audit fee structure and the introduction of formal remuneration management measures signal an effort to reinforce transparency and modernise corporate governance, developments that will be closely watched by institutional investors and minority shareholders focused on payout policy and oversight quality.

The most recent analyst rating on (HK:0038) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on First Tractor Co stock, see the HK:0038 Stock Forecast page.

More about First Tractor Co

First Tractor Company Limited is a mainland Chinese manufacturer in the agricultural machinery sector, best known for producing tractors and related equipment for domestic and international markets. Listed in Hong Kong, the company operates under a board comprising executive, non-executive, independent non-executive and employee representative directors, reflecting a standard state-linked industrial governance structure in the PRC.

YTD Price Performance: 7.06%

Average Trading Volume: 4,276,233

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$14.94B

Learn more about 0038 stock on TipRanks’ Stock Analysis page.