Stock Code: 000553(200553) Stock abbreviation: ADAMA A(B) Announcement No. 2025-25
ADAMA Ltd.Announcement on Voluntary Disclosure of the Progress of
the Company’s Involvement in Litigation
Special Notice:
1. Litigation stage of the case: the Intermediate People's Court of Wuhan, HubeiProvince (hereinafter abbreviated as “Wuhan Intermediate Court”) issued the firstinstance judgement.
2. Status of the listed company as a party: ADAMA Ltd. (hereinafter referred toas "the Company" or "ADAMA") is one of the defendants.
3. Value involved: The plaintiff requested that the three defendants (ChinaNational Chemical Corporation Limited, Syngenta Group Co., Ltd. and ADAMA Ltd.)be jointly liable for the plaintiff's investment losses of RMB 916,135 and the costs ofthe litigation.
4. Impact on the profits and losses of the Company: The Wuhan IntermediateCourt dismissed the plaintiff's claims and ordered the plaintiff to bear the court fees.The judgment will not generate any impact on the Company's current or future profits.
I. Basic Information on the Litigation
In February 2025, a natural person (hereinafter referred to as the “Plaintiff”) fileda lawsuit against China National Chemical Corporation Limited (ChemChina,Defendant I), Syngenta Group Co., Ltd. (Syngenta Group, Defendant II) and theCompany (Defendant III) on the grounds of liability for securities misrepresentation(hereinafter referred to as “this lawsuit”).
The Plaintiff alleged that, based on the trust on the Company and its shareholders(Defendants I and II) to fulfill their commitment and disclosure obligations, he made along-term investment in the Company's shares. Defendants I and II failed to fulfil theobligations set forth in the Announcement of Response to Restructuring Queries fromShenzhen Stock Exchange, Sanonda Restructuring Report, and ADAMA AcquisitionReport, including not resolving horizontal competition and failing to performobligations in accordance with the promised manner and timeline. Informationdisclosed by the Company on HuDongYi, the interaction platform of Shenzhen StockExchange that the performance capability analysis contained in Sanonda RestructuringReport did not constitute specific commitments made by ChemChina is inconsistentwith the committed matters, constituting false and misleading statements. And theCompany failed to fulfill its information disclosure obligations. The plaintiff arguedthat the actions of the three defendants had a direct causal relation with his investmentlosses and requested that the three defendants jointly compensate his investment lossesof RMB 916,135 yuan and litigation costs.
For above information, please refer to the Announcement on Voluntary Disclosureof the Company’s Involvement in Litigation (Announcement No. 2025-5) disclosed at
www.cninfo.com.cn on February 15
th
, 2025.
II. Judgment
On August 4
th
, 2025, Wuhan Intermediate Court issued its first instance judgmenton this litigation. After reviewing the case, the court ruled that the plaintiff's claimlacked factual and legal basis and was not validated. Therefore, the court dismissed theplaintiff's claim. The litigation costs shall be borne by the plaintiff.
III. Other Undisclosed Litigation and Arbitration MattersAs of the date of this announcement, the Company and its subsidiaries have noother litigation or arbitration matters that should be disclosed but have not beendisclosed.IV. Potential Impact of the Litigation on the Company's Current or FutureProfitsWuhan Intermediate Court dismissed the plaintiff's claims and ordered the plaintiffto bear the litigation costs for this case. The judgement will not generate any impact onthe Company's current or future profits. The Company will closely monitor the progressof the case, take necessary measures to protect the legitimate rights and interests ofitself and its shareholders, and timely fulfill its information disclosure obligations inaccordance with the progress of the case.The media designated by the Company for information disclosure are ChinaSecurities Journal, Securities Times and www.cninfo.com.cn. All informationdisclosed by the Company is subject to the information disclosed in the aforementionedmedia.V. Other Matters to NoteIf the plaintiff is dissatisfied with this first instance judgment, he may file an appealwith Wuhan Intermediate Court within fifteen days from the date of receipt of thejudgment. If he doesn’t do so, the first-instance judgment shall take effect. The
Company will strictly comply with relevant laws and regulations and timely fulfill itsinformation disclosure obligations. Investors are advised to make decisions withcaution and pay attention to investment risks.
VI. Reference Documents
1. Civil Judgment of the Intermediate People's Court of Wuhan City, HubeiProvince [File No. 67 First-instance Judgement of Civil Case (2025) E 01]
It is hereby announced.
Board of Directors of ADAMA Ltd.
August 6
th, 2025