December 28, 2012,China Securities Regulatory Commission ("CSRC") approved First Tractor Company Limited’s issuing corporate bonds of CNY 1.5 billion.

Founded in 1955, First Tractor is the one and only Hong Kong listed company which is engaged in manufacturing and selling agricultural machines in mainland China. It was one of the 156 national key projects during the "First Five-Year Plan" period and the only extra large enterprise in the agricultural machines industry. Marketing its products in more than 50 countries and regions it has made significant contribution to the agricultural modernization of China.

Jingtian& Gongcheng acted as the issuer's lawyer.