YTO Group Corporation  

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YTO Group Corporation** (hereinafter referred to as “YTO” or “the Company”) is a subsidiary of **China National Machinery Industry Corporation (SINOMACH)**. Its predecessor, the **First Tractor Manufacturing Plant**, was founded in 1955 and was one of the 156 key construction projects during China’s First Five-Year Plan. Its core enterprise, **First Tractor Company Limited** (“First Tractor”), is an “A+H” listed company on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.

After nearly 70 years of development, YTO has become a large equipment manufacturing enterprise centered on agricultural equipment and developing related manufacturing service businesses through innovation. It has a complete agricultural equipment industrial chain system covering tractors, harvesting machinery, implements and other agricultural machinery products, as well as core components such as diesel engines, drivetrains, cabs, and castings and forgings. By the end of 2023, YTO had cumulatively supplied nearly 3.8 million tractors and more than 3.4 million diesel engines to society. Its market share and installed base of large and medium-sized tractors rank first in the industry, making outstanding contributions to China’s agricultural mechanization.

As a national brand, “Dongfanghong” has a broad mass base and a large number of loyal users in China’s agricultural machinery market. It has won honors such as “Most Influential Brand,” “Innovative Product Brand,” and “National Agricultural Machinery User Satisfied Brand” for many consecutive years, and the “Dongfanghong” trademark was recognized as one of the first batch of “China Well-known Trademarks.” YTO is a tractor industrial chain “chain leader” enterprise and a manufacturing single champion (large and medium-sized tractors) named by the Ministry of Industry and Information Technology (MIIT). First Tractor was selected by SASAC of the State Council as a demonstration enterprise for building a world-class specialized, refined, distinctive and innovative enterprise, and is a manufacturing “head goose” enterprise in Henan Province.

In recent years, YTO has strengthened its mission of “leading the development of agricultural machinery and equipment and safeguarding national food security.” It adheres to the YTO spirit of “staying true to the original aspiration, remaining loyal to the mission, forging ahead in unity, and daring to be first” and the management philosophy of “quality first, efficiency priority; customer first, employees valued.” It firmly seizes opportunities from building China into an agricultural powerhouse and a manufacturing powerhouse and from industrial transformation and upgrading, adheres to the strategic development approach of “innovation-driven development, structural optimization, reducing consumption, and environmental protection,” continuously enhances core functions and improves core competitiveness, accelerates the cultivation of leadership in scientific and technological innovation in agricultural machinery and equipment, plays the role of the main force in controlling the agricultural machinery and equipment industry, builds a supporting force for safeguarding national food security, and strives to become a world-class enterprise with “excellent products, outstanding brands, innovation leadership, and modern governance.”