StockCode:000553(200553)Stockabbreviation:ADAMAA(B)AnnouncementNo.2025-27
ADAMALtd.AnnouncementonVoluntaryDisclosureoftheProgressof
theCompany’sInvolvementinLitigation
SpecialNotice:
1.LitigationStageoftheCase:ReceiptoftheCivilAppeal.
2.Statusofthelistedcompanyasaparty:ADAMALtd.(hereinafterreferredtoasthe“Company”or“ADAMA”)isoneofthedefendantsinthefirstinstanceandoneoftheappelleesinthesecondinstance.
3.ValueInvolved:thethreeappellees(ChinaNationalChemicalCorporationLimited,SyngentaGroupCo.,Ltd.andADAMALtd.)arerequestedtobejointlyliablefortheplaintiff'sinvestmentlossesofRMB916,135andthecostsofthelitigation.
4.ImpactontheCompany'sprofitsandlosses:GiventhatthesecondinstanceofthelitigationhasnotyetcommencedasofthedateofthisAnnouncement,thereisuncertaintyastothedecisionandthusitsimpactontheCompany’sprofitsforthecurrentorfutureperiods.TheCompanywilltimelyfulfillitsinformationdisclosureobligationsinaccordancewiththelawasthelitigationprogress.
I.BasicInformationontheLitigation
InFebruary2025,anaturalperson(hereinafterreferredtoasthe“Plaintiff”)filedalawsuitagainstChinaNationalChemicalCorporationLimited(ChemChina,DefendantIorAppelleeI),SyngentaGroupCo.,Ltd.(SyngentaGroup,DefendantIIorAppelleeII)andtheCompany(DefendantIIIorAppelleeIII)onthegroundsofliabilityforsecuritiesmisrepresentation(hereinafterreferredtoas“thislawsuit”).ThePlaintiffallegedthat,basedonthetrustontheCompanyanditsshareholders(DefendantsIandII)tofulfilltheircommitmentanddisclosureobligations,hemadealong-terminvestmentintheCompany'sshares.DefendantsIandIIfailedtofulfiltheobligationssetforthintheAnnouncementofResponsetoRestructuringQueriesfromShenzhenStockExchange,SanondaRestructuringReport,andADAMAAcquisitionReport,includingnotresolvinghorizontalcompetitionandfailingtoperformobligationsinaccordancewiththepromisedmannerandtimeline.InformationdisclosedbytheCompanyonHuDongYi,theinteractionplatformofShenzhenStockExchangethattheperformancecapabilityanalysiscontainedinSanondaRestructuringReportdidnotconstitutespecificcommitmentsmadebyChemChinaisinconsistentwiththecommittedmatters,constitutingfalseandmisleadingstatements.AndtheCompanyfailedtofulfillitsinformationdisclosureobligations.TheplaintiffarguedthattheactionsofthethreedefendantshadadirectcausalrelationwithhisinvestmentlossesandrequestedthatthethreedefendantsjointlycompensatehisinvestmentlossesofRMB916,135yuanandlitigationcosts.
OnAugust4
th,2025,theIntermediatePeople'sCourtofWuhan,HubeiProvince(hereinafteras“WuhanIntermediateCourt”)issueditsfirstinstancejudgmentonthislitigation.Afterreviewingthecase,WuhanIntermediateCourtruledthattheplaintiff'sclaimlackedfactualandlegalbasisandwasnotvalidated.Therefore,thecourtdismissedtheplaintiff'sclaim.Thelitigationcostsshallbebornebytheplaintiff.
Foraboveinformation,pleaserefertotheAnnouncementonVoluntaryDisclosureoftheCompany’sInvolvementinLitigation(AnnouncementNo.2025-5)disclosedonFebruary15
th
,2025andtheAnnouncementonVoluntaryDisclosureoftheProgressoftheCompany’sInvolvementinLitigation(AnnouncementNo.2025-25)disclosedonAugust6
th,2025atwww.cninfo.com.cn.II.ProgressoftheLitigationTheCompanyreceivedacivilappealrecentlybecausetheplaintiffhasbeendissatisfiedwiththeCivilJudgment[(2025)E’01No.67oftheFirstInstanceforCivilCase]issuedbyWuhanIntermediateCourt.HehasfiledanappealwithHubeiProvincialHigherPeople'sCourtandrequestedthatthefirst-instancejudgmentberevoked,thecaseberemandedforretrial,orthejudgmentbeamended,andthattheappelleesbearthelitigationcosts.
III.OtherUndisclosedLitigationandArbitrationMattersAsofthedateofthisannouncement,theCompanyanditssubsidiarieshavenootherlitigationorarbitrationmattersthatshouldbedisclosedbuthavenotbeendisclosed.
IV.PotentialImpactoftheLitigationontheCompany'sCurrentorFutureProfitsGiventhatthesecondinstanceofthelitigationhasnotyetcommencedasofthedateofthisAnnouncement,thereisuncertaintyastothedecisionandthusitsimpactontheCompany’sprofitsforthecurrentorfutureperiods.Whilecloselymonitoringtheprogressofthecase,theCompanywillactivelytakenecessarymeasurestosafeguardthelegitimaterightsandinterestsofitsownanditsshareholdersandcomplywithlawsandregulationstofulfilitsinformationdisclosureobligationsinatimelymanneraccordingly.ThemediadesignatedbytheCompanyforinformation
disclosureareChinaSecuritiesJournal,SecuritiesTimesandwww.cninfo.com.cn.AllinformationdisclosedbytheCompanyissubjecttotheinformationdisclosedintheaforementionedmedia.Investorsareadvisedtomakedecisionswithcautionandpayattentiontoinvestmentrisks.V.ReferenceDocuments
1.TheCivilAppeal
Itisherebyannounced.
BoardofDirectorsofADAMALtd.
August20
th
,2025