Zhongnong Group Agricultural Equipment Co., Ltd. (referred to as Zhongnong Equipment) is a wholly-owned subsidiary of China Agricultural Means of Production Group Corporation (referred to as Zhongnong Group), with a registered capital of RMB 200 million. Zhongnong Equipment is a specialized agricultural machinery business platform created by Zhongnong Group under the strategic deployment of building the entire industry chain of "serving agriculture, rural areas, and farmers", in order to ensure the rapid development of the agricultural machinery business sector, enhance the market competitiveness of agricultural machinery manufacturing, circulation, agricultural machinery and parts trading, and agricultural machinery import and export business, and follow the "dual engine" investment and development model of "agricultural machinery manufacturing and circulation integration". The company combines capital operation and industrial creation through mergers and acquisitions, investment in new construction, and cooperative research and development of agricultural machinery manufacturing enterprises, agricultural machinery research institutes, etc., to quickly achieve the goal of manufacturing advanced agricultural machinery equipment, developing new agricultural machinery technologies, promoting new agricultural machinery products, exploring new fields of agricultural machinery, and leading new thinking in agricultural machinery manufacturing. The company gathers high-quality agricultural machinery, agricultural materials, vehicles, construction machinery, and various accessories through a comprehensive layout, investment, and construction of agricultural machinery and accessories trading markets, agricultural trade complexes, and other agricultural machinery trading platforms. It provides users with all-round and integrated high-quality services, drives the rapid and healthy development of agricultural machinery circulation and agricultural machinery service industry in various regions, and promotes the process of rural urbanization in China through investment in the construction of agricultural commercial urban complexes. The company integrates the relevant resources of its controlling subsidiaries through unified integration, while rapidly improving its export business capabilities, relying on the technical strength, sales network, and circulation platform of domestic holding enterprises to act as agents and introduce advanced foreign agricultural machinery products, and carry out deeper international cooperation in the field of agricultural machinery. At present, through mergers and acquisitions and capital operations, the agricultural machinery manufacturing enterprises invested and acquired by Zhongnong Equipment - Hebei Zhongnong Boyuan Agricultural Equipment Co., Ltd., Henan Zhongnong Fu'an Agricultural Equipment Co., Ltd., and the agricultural machinery circulation enterprise - Zhongnong Group Shaanxi Industrial Development Co., Ltd. - are all operating better and have a stronger development momentum than before the investment and acquisition. With the successive investment, construction, and operation of the "Zhongnong Boyuan Agricultural Equipment R&D and Manufacturing Base" project located in Shijiazhuang Economic and Technological Development Zone, the "Zhongnong Fu'an Agricultural Equipment R&D and Manufacturing Base" project located in Zhoukou, Henan, and the "Zhongnong Western Agricultural Expo City" project located in Fuping, Shaanxi, Zhongnong Equipment's agricultural machinery manufacturing and R&D capabilities, circulation platform construction, and business scale will all be rapidly expanded and developed. As an important business unit of Zhongnong Group, Zhongnong Equipment will fully utilize the group's brand, channel, policy, and financial advantages, seize the good opportunities of the development of the agricultural machinery industry, accelerate the layout of the entire agricultural machinery industry chain, vigorously explore both international and domestic markets, continuously expand the breadth and depth of services for agriculture, rural areas, and farmers, and strive to build a billion dollar enterprise in the agricultural machinery industry, becoming the "most influential leading enterprise in the agricultural machinery industry".