BRIEF-First Tractor updates letter of acceptance in respect of the painting line project

April 18 (Reuters) - First Tractor Co Ltd:

* Announcement in relation to letter of acceptance in

respect of the painting line project

* Letter confirms that China Automotive becomes successful

bidder for general contracting of painting line project

* Issued letter of acceptance to china automotive, confirms

china automotive becomes successful bidder for general

contracting of painting line project

* Co will enter into second general contracting agreement

with China Automotive to engage it as general contractor for

painting line project

* Consideration offered by China Automotive at open tender

for painting line project, is rmb71.5 million

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