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

First Tractor Company Limited has called a 2026 first class meeting for holders of its H shares in Luoyang, Henan, to vote on a special resolution granting the board authority to repurchase up to 10% of the company’s H shares in issue, excluding any treasury stock. The proposed mandate would allow the board to set detailed buyback terms, handle cross-border fund transfers, cancel repurchased shares, reduce registered capital and amend the articles of association accordingly, signaling potential capital management measures that could affect share structure and investor value.

The buyback authority, if approved, would be effective during a defined period ending no later than the close of the company’s 2026 annual general meeting. This move underscores management’s flexibility in responding to market conditions and may support the share price or optimize capital structure, with implications for both domestic and international shareholders holding H shares.

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.