StockCode:000553(200553)StockAbbreviation:ADAMAA(B)NO.2025-42
ADAMALtd.AnnouncementonExpectedRelated-PartyTransactionsintheOrdinary
CourseofBusinessin2026
I.BasicInformationonRelatedPartyTransactionsintheordinarycourseofbusiness
(1)Overviewofrelated-partytransactionsintheordinarycourseofbusiness
TheCompanyexpectsthattheaggregatedamountofrelatedpartytransactionsbetweenitand/oritssubsidiaries(togetherthe"GroupCompanies")andthesubsidiariesofSinochemHoldingsCorporationLtd.(“SinochemHoldings”,theactualcontrolleroftheCompany)in2026shallnotexceedRMB3,152.93million.Suchaggregatedamountconsistsof(1)expectedtransactionsoftheGroupCompaniesforthepurchaseofrawmaterials/productsandthereceiptofcertainservicesfromsubsidiariescontrolledbySinochemHoldings,inatotalamountthatshallnotexceedRMB1,844.35million;and(2)expectedtransactionsoftheGroupCompaniesforthesaleofproducts,inatotalamountthatshallnotexceedRMB1,308.58million,tosubsidiariescontrolledbySinochemHoldings.Suchtransactionshereinafterreferredasthe"Related-partytransactions".TheestimatedamountofRelated-partytransactionsoftheabovetypeperformedbytheCompanyin2025intheordinarycourseofbusinessisRMB2,393.18million(unaudited).Theseestimationswereperformedbasedonthecurrentavailabledataandmaychange,interalia,asaresultofchangestotheGroupCompanies’businessand/orduetomarketconditionsandthecontinuedalignmentandcooperationbetweenthecompaniesofSyngentaGroupCo.,Ltd.(“SyngentaGroup”),comprisingtheCompany,SyngentaAGandSinochemHoldings’agriculture-relatedactivities,whichwillfurthercapitalizeonthevaluecreationandsynergyopportunitiesidentified.Therelated-partytransactionsmatterhasbeenreviewedandapprovedatthe17
thMeetingofthe10
thSessionoftheBoardofDirectorsoftheCompany.AmongthesevendirectorsoftheCompany,therewerefouraffirmativevotes,zeronegativevotesandzeroabstentions,whilethethreerelated-partydirectors(Mr.QinHengde,Mr.AnLiruandMr.LiuHongsheng)refrainedfromvoting.Therelated-partytransactionsmattershallbefurtherapprovedbytheShareholdersMeeting.SyngentaGroupwillrefrainfromvoting.
TheCompanyandallmembersofitsboardofdirectorsherebyconfirmthatallinformationdisclosedhereinistrue,accurateandcompletewithnofalseormisleadingstatementormaterialomission.
(2)Thetypesandamountsofexpectedrelated-partytransactionsintheordinarycourse
ofbusinessin2026
RMB’0000
Typeofrelated-partytransaction
| Typeofrelated-partytransaction | Relatedparty | Contentofrelated-partytransaction | Thepricingprincipleofrelated-partytransaction | Contractamountorestimatedamountnottoexceed | Amountoccurredin2025(unaudited) |
| Purchasingrawmaterialsandproductsfromrelatedparties | SyngentaAGanditssubsidiaries | Purchaseofrawmaterials/products | Marketprice | 134,212 | 95,425 |
| JiangsuYoujiaPlantProtectionCo.,Ltd. | Purchaseofrawmaterials/products | Marketprice | 19,598 | 16,535 | |
| JiangsuYangnongChemicalCo.,Ltd. | Purchaseofrawmaterials/products | Marketprice | 17,132 | 1,021 | |
| LiaochengLuxiPolyolNewMaterialTechnologyCo.,Ltd./LiaochengLuxiMethylamineChemicalCo.,Ltd. | Purchaseofrawmaterials/products | Marketprice | 5,438 | 4,555 | |
| SinochemAgroCo.,Ltd. | Purchaseofrawmaterials/products | Marketprice | 2,634 | 2,380 | |
| SinochemPetrochemicalSalesCo.,Ltd. | Purchaseofrawmaterials/products | Marketprice | 1,875 | 1,174 | |
| SinochemHebeiCo.,Ltd. | Purchaseofrawmaterials/products | Marketprice | 1,254 | 208 | |
| Bluestar(Beijing)ChemicalMachineryCo.,Ltd. | Purchaseofrawmaterials/products | Marketprice | 1,161 | 734 | |
| SinochemInternationalCropCare(Overseas)Pte.Ltd. | Purchaseofrawmaterials/products | Marketprice | 799 | 313 | |
| NingxiaRuitaiTechnologyCo.,Ltd. | Purchaseofrawmaterials/products | Marketprice | 63 | 7 | |
| ChinaBluestarChengrandResearchInstituteChemicalIndustry | Purchaseofrawmaterials/products | Marketprice | 3 | 1 | |
| Sub-total | - | - | 184,169 | 122,353 | |
| Sellingrawmaterialsandproductstorelatedparties | SyngentaAGanditssubsidiaries | Sellingproducts | Marketprice | 112,644 | 84,504 |
| SinofertHoldingsLimited | Sellingproducts | Marketprice | 6,406 | 5,878 | |
| JiangsuYoushiChemicalCo.,Ltd. | Sellingproducts | Marketprice | 5,000 | 2,277 | |
| SinoMAP | Sellingproducts | Marketprice | 3,888 | 3,246 | |
| SyngentaNantongCropProtectionCo.,Ltd. | Sellingproducts | Marketprice | 1,670 | 378 | |
| SinochemAgro | Sellingproducts | Market | 750 | 571 |
Co.,Ltd.
| Co.,Ltd. | price | ||||
| SinochemCropProtectionProductsCo.,Ltd. | Sellingproducts | Marketprice | 500 | 9 | |
| Sub-total | - | - | 130,858 | 96,863 | |
| Receivingservicesfromrelatedparties | SinochemInformationTechnologyCo.,Ltd. | ITservices | Marketprice | 113 | 132 |
| ShenyangShenhuaInstituteTestingTechnologyCo.Ltd. | FieldTrialsexpense | Marketprice | 46 | 41 | |
| TaicangZhonglanEnvironmentalProtectionTechnologyServiceCo.,LTD | Wastedisposalfee | Marketprice | 38 | 30 | |
| BeijingCenturyChemsunnyPropertyManagementCo.,Ltd. | Propertyandmaintenanceservice | Marketprice | 23 | - | |
| ShenyangChemicalResearchInstituteCo.,Ltd. | Technicalservice | Marketprice | 19 | - | |
| ShenyangSinochemAgrochemicalsR&DCo.,Ltd. | Regularservice | Marketprice | 13 | - | |
| SinoMAP | Regularservice | Marketprice | 7 | 3 | |
| SinochemZhoushanHazardousChemicalsEmergencyRescueBaseCo.,Ltd. | Trainingexpense | Marketprice | 4 | 1 | |
| SinochemSharedFinancialServices(Shanghai)Co.,LTD | ITservice | Marketprice | 3 | 2 | |
| Sub-total | - | - | 266 | 209 |
(3)Actualrelated-partytransactionsintheordinarycourseofbusinessperformedinthe
previousyear(2025)
RMB’0000
| Typeofrelated-partytransaction | Relatedparty | Contentofrelated-partytransaction | Actuallyoccurredamount | Estimatedamountnottoexceed | Percentageofactuallyoccurredamounttotransactionsofthesamekind | Differenceproportion |
| Purchasing | SyngentaAG | Purchaseof | 95,425 | 118,797 | 5.79% | -19.67% |
rawmaterialsandproductsfromrelated
parties
| rawmaterialsandproductsfromrelatedparties | anditssubsidiaries | rawmaterials/products | ||||
| JiangsuYoujiaPlantProtectionCo.,Ltd. | Purchaseofrawmaterials/products | 16,535 | 25,235 | 1.00% | -34.48% | |
| JiangsuHuaiheChemicalCo.,Ltd. | Purchaseofrawmaterials/products | 6,916 | 16,500 | 0.42% | -58.08% | |
| LiaochengLuxiPolyolNewMaterialTechnologyCo.,Ltd./LiaochengLuxiMethylamineChemicalCo.,Ltd. | Purchaseofrawmaterials/products | 4,555 | 3,750 | 0.28% | 21.47% | |
| SinochemOil(Hainan)Co.,Ltd. | Purchaseofrawmaterials/products | 2,914 | 6,250 | 0.18% | -53.38% | |
| SinochemAgroCo.,Ltd. | Purchaseofrawmaterials/products | 2,380 | 4,253 | 0.14% | -44.04% | |
| SinochemPetrochemicalSalesCo.,Ltd. | Purchaseofrawmaterials/products | 1,174 | 1,000 | 0.07% | 17.40% | |
| JiangsuYangnongChemicalCo.,Ltd. | Purchaseofrawmaterials/products | 1,021 | 17,088 | 0.06% | -94.03% | |
| Bluestar(Beijing)ChemicalMachineryCo.,Ltd. | Purchaseofrawmaterials/products | 734 | 1 | 0.04% | 73300.00% | |
| ZhonglanInternationalChemicalCo.,Ltd. | Purchaseofrawmaterials/products | 454 | 566 | 0.03% | -19.79% | |
| SinochemInternationalCropCare(Overseas)Pte.Ltd. | Purchaseofrawmaterials/products | 313 | - | 0.02% | - | |
| ELKEMSILICONES | Purchaseofrawmaterials/products | 233 | - | 0.01% | - | |
| SinochemHebeiCo.,Ltd. | Purchaseofrawmaterials/products | 208 | 902 | 0.01% | -76.94% | |
| Shandong | Purchaseof | 140 | - | 0.01% | - |
DachengAgrochemicalCompanyLimited
| DachengAgrochemicalCompanyLimited | rawmaterials/products | |||||
| SinofertHoldingsLimited | Purchaseofrawmaterials/products | 63 | 125 | 0.00% | -49.60% | |
| ShenyangSciencreatChemicalsCo.,Ltd. | Purchaseofrawmaterials/products | 56 | - | 0.00% | - | |
| NingxiaRuitaiTechnologyCo.,Ltd. | Purchaseofrawmaterials/products | 7 | 125 | 0.00% | -94.40% | |
| Hangzhou(Torch)XidouDoorFilmIndustryCo.,Ltd. | Purchaseofrawmaterials/products | 3 | 6 | 0.00% | -50.00% | |
| ChinaBluestarChengrandResearchInstituteChemicalIndustry | Purchaseofrawmaterials/products | 1 | - | 0.00% | - | |
| SinochemCropProtectionProductsCo.,Ltd. | Purchaseofrawmaterials/products | - | 3,719 | 0.00% | -100.00% | |
| SinochemNengkeCarbonAssetsOperationCo.,Ltd. | Purchaseofrawmaterials/products | - | 1,250 | 0.00% | -100.00% | |
| Sub-total | - | 133,132 | 199,567 | 8.08% | -33.29% | |
| Purchasingfixedassetsfromrelatedparties | HuaxiaHanhuaChemicalEquipmentCo.,LTD | Purchaseofintangibleassets | 5 | - | 0.00% | - |
| BluestarEngineeringCo.,Ltd. | Purchaseoffixedassets | - | 3,375 | 0.00% | -100.00% | |
| Bluestar(Beijing)ChemicalMachineryCo.,Ltd. | Purchaseoffixedassets | - | 313 | 0.00% | -100.00% | |
| Sub-total | - | 5 | 3,688 | 0.00% | -99.86% | |
| Sellingrawmaterialsandproductstorelatedparties | SyngentaAGanditssubsidiaries | Sellingproducts | 84,504 | 114,794 | 2.88% | -26.39% |
| JiangsuHuaiheChemicalCo.,Ltd. | Sellingproducts | 8,101 | 19,488 | 0.28% | -58.43% | |
| SinofertHoldingsLimited | Sellingproducts | 5,878 | 14,825 | 0.20% | -60.35% | |
| SinoMAP | Sellingproducts | 3,246 | - | 0.11% | - |
JiangsuYoushiChemicalCo.,Ltd.
| JiangsuYoushiChemicalCo.,Ltd. | Sellingproducts | 2,277 | 5,000 | 0.08% | -54.46% | |
| Syngenta(China)InvestmentCompanyLimited | Sellingproducts | 857 | - | 0.03% | - | |
| SinochemAgroCo.,Ltd. | Sellingproducts | 571 | 420 | 0.02% | 35.95% | |
| SyngentaNantongCropProtectionCo.,Ltd. | Sellingproducts | 378 | - | 0.01% | - | |
| BeijingGuangyuanYinongChemicalCo.,Ltd. | Sellingproducts | 36 | 59 | 0.00% | -38.98% | |
| SinochemAgriculturalEcologicalTechnology(Hubei)Co.,Ltd. | Sellingproducts | 19 | 75 | 0.00% | -74.67% | |
| Bluestar(Beijing)ChemicalMachineryCo.Ltd. | Sellingproducts | 19 | - | 0.00% | - | |
| SinochemCropProtectionProductsCo.,Ltd. | Sellingproducts | 9 | - | 0.00% | - | |
| JiangsuYoujiaPlantProtectionCo.,Ltd. | Sellingproducts | 7 | 84 | 0.00% | -91.67% | |
| Sub-total | - | 105,902 | 154,745 | 3.61% | -31.56% | |
| Receivingservicesfromrelatedparties | SinochemInformationTechnologyCo.,Ltd. | ITservices | 132 | 379 | 0.01% | -65.17% |
| SyngentaAGanditssubsidiaries | Regularservice | 52 | 63 | 0.00% | -17.46% | |
| ShenyangShenhuaInstituteTestingTechnologyCo.,Ltd. | FieldTrialsexpense | 41 | - | 0.00% | - | |
| TaicangZhonglanEnvironmentalProtectionTechnologyServiceCo.,LTD | Wastedisposalfee | 30 | - | 0.00% | - | |
| SyngentaGroupModernAgriculturalTechnologyCo.,Ltd. | Regularservice | 17 | - | 0.00% | - |
Notes:1.PleaserefertotheannouncementsonMarch14,2025,forthe2025expectedrelated-partytransactionsoftheCompany(AnnouncementNo.2025-11).
2.RegardingtheCompany'sactualamountofroutinerelated-partytransactionsfor2025,thefiguresforthefirstthreequartersof2025areunaudited.Thefourth-quarter2025dataisbasedonanassessmentandestimationoftheCompany'sbusinessoperations.Theactualamountfor2025shallbesubjecttothefinalauditedresults.
II.IntroductiontoRelatedPartiesandTheirRelationshipswiththeCompany
1.SyngentaAG,acompanyregisteredinSwitzerlandwithitsregisteredofficeatRosentalstrasse67,4058Basel,Switzerland,withthesharecapitalofCHF9,257,814.9,mainlyundertakesthe
SinoMAP
| SinoMAP | Regularservice | 3 | 3 | 0.00% | 0.00% | |
| SinochemSharedFinancialServices(Shanghai)Co.,LTD | ITservice | 2 | - | 0.00% | - | |
| SinochemZhoushanHazardousChemicalsEmergencyRescueBaseCo.,Ltd. | Trainingservice | 1 | 13 | 0.00% | -92.31% | |
| BeijingGuangyuanYinongChemicalCo.Ltd. | Regularservice | 1 | - | 0.00% | - | |
| SinochemInsuranceBrokers(Beijing)Co.,Ltd. | Insuranceservice | - | 500 | 0.00% | -100.00% | |
| SinochemFertilizerCo.,Ltd. | Regularservice | - | 26 | 0.00% | -100.00% | |
| ShenyangChemicalResearchInstituteCo.,Ltd. | Technicalservice | - | 13 | 0.00% | -100.00% | |
| Sub-total | - | 279 | 997 | 0.02% | -72.02% | |
| Aggregated | 239,318 | 358,997 | - | -33.34% | ||
| Anexplanationbytheboardofdirectorsforthemajordifferencebetweentheactualoccurredamountofdailyrelatedtransactionsandtheestimatedamount | Theactualtotalamountofrelatedtransactionsintheordinarybusinesscoursein2025doesnotexceedthetotalamountexpected,butitdidnotreach80%ofthetotalamount.ThemainreasonisduetorelatedimpactsfromthechangingmarketconditionsandtheactualneedsfluctuationoftheCompany. | |||||
| Anexplanationbytheindependentdirectorsforthemajordifferencebetweentheactualoccurredamountofdailyrelatedtransactionsandtheexpectedamount | Thegapbetweentheactualamountandtheestimationsoftherelatedpartytransactionsinthecourseofroutinebusinessin2025isduetotherelatedimpactsfromthechangingmarketconditionsandtheactualneedsfluctuationoftheCompany.Suchgapwillneithertriggeranymajorimpactonproductionandoperation,norharmtheinterestsoftheCompanyanditsminorityshareholders,aswellaswillnotcompromisetheindependencyoftheCompany. | |||||
businessesrelatedtocropprotection,seeds.ThemainfinancialdataasofthedateJune30,2025are:operatingrevenueUSD7,936million,totalassetsUSD33,846million,netassetsUSD8,111million,netincomeUSD581million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:SyngentaAGproducesandoperatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
2.SinofertHoldingsLimited(Non-executiveDirector&Chairman:SuFu;registeredoffice:
ClarendonHouse,2ChurchStreet,HamiltonHM11,Bermuda)isacompanylistedontheMainBoardoftheStockExchangeofHongKong(stockcode:00297),whichhasregisteredcapitalofHKD8,316,000,000andmainlyundertakestheproduction,importandexport,distributionandretailoffertilizerrawmaterialsandfinishedproducts,provisionoftechnologicalresearchanddevelopmentandservicesrelatingtothefertilizerbusinessandproducts,explorationandexploitationofphosphatemine,andproductionofmonocalcium/dicalciumphosphate(MCP/DCP).ThemainfinancialdataasofJune30,2025are:operatingrevenueofRMB14,714.81million,netprofitofRMB1,107.66million,totalassetsofRMB19,930.09million,netassetsofRMB11,298.43million.SinochemFertilizerCo.,Ltd.andSinochemAgriculturalEcologicalTechnology(Hubei)Co.,Ltd.mentionedinthisannouncementaresubsidiariesofSinofertHoldingsLimited.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,SinofertHoldingsLimitedproducesandoperatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
3.SinochemEnergyCo.,Ltd.(legalrepresentative:HuXuteng;registeredaddress:No.319
Xiong’anStreet,QibuDistrict,Xiong’anNewArea,Hebei)hasregisteredcapitalofRMB18,888.88millionandmainlyundertakestheoperationofthepetroleumandpetrochemicalindustry.ThemainfinancialdataasofSeptember30,2025are:operatingrevenueofRMB307,360.34million,netprofitofRMB-494.77million,totalassetsofRMB114,849.67million,netassetsofRMB40,793.62million.SinochemOil(Hainan)Co.,Ltd.,SinochemNengkeCarbonAssetsOperationCo.,Ltd.,SinochemPetrochemicalSalesCo.,Ltd.andSinochemZhoushanHazardousChemicalsEmergencyRescueBaseCo.,Ltd.mentionedinthisannouncementaresubsidiariesofSinochemEnergyCo.,Ltd.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.
Analysisofperformancecapability:TothebestknowledgeoftheCompany,SinochemEnergyCo.,Ltd.producesandoperatesnormallyandthushasaperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
4.SinochemHebeiCo.,Ltd.(legalrepresentative:RenJianpo;registeredaddress:SinochemBuilding,No.707LianmengRoad,Shijiazhuang)hasregisteredcapitalofRMB475,072,687andmainlyundertakesthebusinessesrelatedtoresearchanddevelopment,production,andmarketingoffinechemicalproducts.ThemainfinancialdataasofSeptember30,2025are:
operatingrevenueofRMB1,714.28million,netprofitofRMB9.67million,totalassetsofRMB1,045.88million,netassetsofRMB462.57million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofperformancecapability:TothebestknowledgeoftheCompany,SinochemHebeiCo.,Ltd.producesandoperatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
5.JiangsuYangnongChemicalCo.,Ltd.(legalrepresentative:WuXiaoju;registeredaddress:No.203-4,KaifaWestRoad,Yangzhou)hasregisteredcapitalofRMB405,398,884andmainlyundertakesthemanufactureofagrochemicalsandfinechemicals.ThemainfinancialdataasofSeptember30,2025are:operatingrevenueofRMB9,156.30million,netprofitofRMB1,055.80million,totalassetsofRMB18,619.36million,netassetsofRMB11,277.46million.JiangsuYoujia,JiangsuYoushi,SinochemAgroCo.,Ltd.,SinochemCropProtectionProductsCo.,Ltd.,SinochemInternationalCropCare(Overseas)Pte.Ltd.,ShenyangSciencreatChemicalsCo.,Ltd.andShenyangSinochemAgrochemicalsR&DCo.,Ltd.mentionedinthisannouncementasexpectedrelatedpartiesaresubsidiariesofJiangsuYangnongChemicalCo.,Ltd.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,JiangsuYangnongChemicalCo.,Ltd.producesandoperatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
6.LuxiChemicalGroupCo.,Ltd.(listedontheMainBoardofShenZhenStockExchange,legal
representative:WangYanji;registeredaddress:theheadquartersofLuxiChemicalinLiaochengHigh-techIndustrialDevelopmentZone)hasregisteredcapitalofRMB1,904,319,011andmainlyundertakesnewchemicalmaterials,basicchemicals,fertilizerproductsandotherbusinesses.ThemainfinancialdataasofSeptember30,2025are:operatingrevenueofRMB21,918.06million,netprofitofRMB1,019.05million,totalassetsofRMB35,974.52million,netassetsofRMB19,184.70million.LiaochengLuxiPolyolNewMaterialTechnologyCo.,Ltd.andLiaochengLuxiMethylamineChemicalCo.,Ltd.mentionedinthisannouncementasexpectedrelatedpartiesaresubsidiariesofLuxiChemicalGroupCo.,Ltd.
RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,LuxiChemicalGroupCo.,Ltd.producesandoperatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
7.SinochemInformationTechnologyCo.,Ltd.(legalrepresentative:ZhaoYang;registered
address:Room703,Floor7,No.28FuxingmenneiStreet,XichengDistrict,Beijing)hasregisteredcapitalofRMB50millionandmainlyundertakesthebusinessesrelatedtosoftwaredevelopment,technicalservice,technicaldevelopment,technicalconsultation,informationsystemintegrationserviceandcomputersystemservices.ThemainfinancialdataasofthedateSeptember30,2025are:operatingrevenueofRMB533.18million,netprofitofRMB3.23million,totalassetsofRMB327.84million,netassetsofRMB81.60million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,SinochemInformationTechnologyCo.,Ltd.operatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
8.SinochemAgricultureCo.,Ltd.(legalrepresentative:TangKepan;registeredaddress:Room
818,No.28Fuxingmenneistreet,Xichengdistrict,Beijing)hasregisteredcapitalofRMB4,000millionandmainlyundertakessalesofagriculturalproductionmaterials;grainpurchases;servicesforagriculture;technologydevelopmentandtechnologyconsultationonsoilimprovementandrestoration,etc.ThemainfinancialdataasofDecember31,2024are:
operatingrevenueofRMB22,111.51million,netprofitofRMB271.87million,totalassetsofRMB10,045.18million,netassetsofRMB875.75million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,SinochemAgricultureCo.,Ltd.producesandoperatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
9.ShenyangChemicalResearchInstituteCo.,Ltd.(LegalRepresentative:XuWeichang;
registeredaddress:No.8ShenliaoEastRoad,TiexiDistrict,Shenyang)hasregisteredcapitalofRMB1,426,333,532andmainlyundertakesresearchandindustrializationprojectsincludenewindustrialchemicals,eco-friendlyagriculture,industrialbiochemicals,chemicaltestingand
evaluation,chemicalreactionriskassessment,andwasteproducthazarddetermination.ThemainfinancialdataasofSeptember30,2025are:operatingrevenueofRMB249.88million,netprofitofRMB-82.20million,totalassetsofRMB2,094.56million,netassetsofRMB1,625.79million.ShenyangShenhuaInstituteTestingTechnologyCo.Ltd.mentionedinthisannouncementasexpectedrelatedpartyisthesubsidiaryofShenyangChemicalResearchInstituteCo.,Ltd.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,ShenyangChemicalResearchInstituteCo.,Ltd.operatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
10.BeijingGuangyuanYinongChemicalCo.,Ltd.(legalrepresentative:HanChunhua;registered
address:Room101,Floor3,Building24,Courtyard3,GaolizhangRoad,HaidianDistrict,Beijing)hasregisteredcapitalofRMB10.5millionandmainlyengagesintheresearchanddevelopment,production,salesofagriculturaladjuvantsandrelatedtechnicalservices.ThemainfinancialdataasofthedateSeptember30,2025are:operatingrevenueofRMB29.25million,netprofitofRMB3.90million,totalassetsofRMB56.23million,netassetsofRMB52million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,BeijingGuangyuanYinongChemicalCo.,Ltd.operatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
11.SyngentaNantongCropProtectionCo.,Ltd.(legalrepresentative:JiangHuiming;registered
address:No.1CentralRoad,EconomicandTechnologicalDevelopmentZone,NantongCity,JiangsuProvince)hasregisteredcapitalofRMB598,761,873andmainlyengagesintheproduction,formulationprocessingandrepackagingofpesticides.ThemainfinancialdataasofthedateDecember31,2024are:operatingrevenueofRMB3,414.12million,netprofitofRMB-51.44million,totalassetsofRMB3,532.09million,netassetsofRMB1,282.56million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,SyngentaNantongCropProtectionCo.,Ltd.operatesnormallyandisingoodoperationalandfinancialconditionsandthushasagoodcontractperformancecapability.Aftersearchingonthewebsite
ofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
12.ChinaNationalBluestar(Group)Co.Ltd.(legalrepresentative:LiBo;registeredaddress:No.9BeituchengWestRoad,ChaoyangDistrict,Beijing)hasregisteredcapitalofRMB15,365,589,192andmainlyinvolvedinthefieldsofnewchemicalmaterials,animalnutritionandengineeringservices.ThemainfinancialdataasofthedateSeptember30,2025are:
operatingrevenueofRMB40,779.87million,netprofitofRMB333.51million,totalassetsofRMB81,503.65million,netassetsofRMB22,100.35million.Bluestar(Beijing)ChemicalMachineryCo.,Ltd.,BluestarEngineeringCo.Ltd.,ZhonglanInternationalChemicalCo.,Ltd.,Hangzhou(Torch)XidouDoorFilmIndustryCo.,Ltd.andChinaBluestarChengrandResearchInstituteChemicalIndustrymentionedinthisannouncementasexpectedrelatedpartiesaresubsidiariesofChinaNationalBluestar(Group)Co.Ltd.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,ChinaNationalBluestar(Group)Co.Ltd.operatesnormallyandthushasacontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
13.NingxiaRuitaiTechnologyCo.,Ltd.(legalrepresentative:TangQingshan;registeredaddress:
ZhongweiIndustrialParkFineChemicalIndustryZone)hasregisteredcapitalofRMB566,354,361andmainlyundertakesthebusinessesrelatedtothemanufactureofchemicalrawmaterialsandchemicalproducts.ThemainfinancialdataasofthedateSeptember30,2025are:
operatingrevenueofRMB1,767.13million,netprofitofRMB-19.01million,totalassetsofRMB3,096.68million,netassetsofRMB1,765.32million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,NingxiaRuitaiTechnologyCo.,Ltd.operatesnormallyandthushasacontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
14.BeijingCenturyChemsunnyPropertyManagementCo.,Ltd.(legalrepresentative:LiYulong;registeredaddress:B1Floor,No.28FuxingmenInnerStreet,XichengDistrict,Beijing)hasregisteredcapitalofRMB100millionandmainlyengagesinpropertymanagementandoperationservices.ThemainfinancialdataasofthedateSeptember30,2025are:operatingrevenueofRMB3,141.52million,netprofitofRMB280.54million,totalassetsofRMB6,476.69million,netassetsofRMB2,009.70million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.
Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,BeijingCenturyChemsunnyPropertyManagementCo.,Ltd.operatesnormallyandthushasacontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
15.SinochemSharedFinancialServices(Shanghai)Co.,Ltd.(legalrepresentative:ZhangJianfeng;
registeredaddress:Room208-022,2/F,Building1,No.666TongjiRoad,BaoshanDistrict,Shanghai)hasregisteredcapitalofRMB125millionandmainlyundertakesthebusinessescoveringbookkeepingagencyandfinancialservices.ThemainfinancialdataasofthedateSeptember30,2025are:operatingrevenueofRMB28.53million,netprofitofRMB370,000,totalassetsofRMB157.60million,netassetsofRMB130.79million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,SinochemSharedFinancialServices(Shanghai)Co.,Ltd.operatesnormallyandthushasacontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.
16.TaicangZhonglanEnvironmentalProtectionTechnologyServiceCo.,Ltd.(legalrepresentative:
SunJiabo;registeredaddress:No.18BinjiangSouthRoad,PetrochemicalZone,TaicangPortEconomic&TechnologicalDevelopmentZone)hasregisteredcapitalofRMB98.78million.Thecompany’scorebusinessscopecovershazardouswastedisposaltechnologydevelopmentandconsultingservices.ThemainfinancialdataasofthedateSeptember30,2025are:
operatingrevenueofRMB44.42million,netprofitofRMB-15.28million,totalassetsofRMB143.78million,netassetsofRMB-18.62million.RelationshipwiththeCompany:ItisalegalpersoncontrolledbySinochemHoldings,theactualcontrolholderoftheCompany.Accordingtoitem(2)ofparagraph2ofArticle6.3.3oftheRulesofShenzhenStockExchangefortheListingofStocks,itisarelatedpartyoftheCompany.Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,TaicangZhonglanEnvironmentalProtectionTechnologyServiceCo.,Ltd.operatesnormallyandthushasacontractperformancecapability.AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonestpartysubjecttoenforcement.III.MainContentofRelated-PartyTransactions
1.Maincontent
(1)Allrelated-partytransactionsbetweentheGroupCompaniesandtherelevant
relatedpartiesshouldbecarriedoutbasedonmarkettermsandaccordingtotheprinciplesofvoluntariness,equality,mutualbenefit,justiceandfairnessandwithoutprejudicetotheinterestsoftheCompany.
(2)Ifthereisanyavailablestatefixedprice,thenthestatefixedpriceshallprevail;if
thestatefixedpriceisinapplicableornotapplicableanymore,thenthemarketpriceshallprevail;ifthemarketpriceisinapplicableornotapplicableanymore,thenbothpartiesshalldeterminetheexactandfairpricingstandardstheybelievetobebasedonrelevantdata.
2.SigningoftransactionagreementTheGroupCompanieswillconcludecontractswiththerelevantrelatedpartiesaccordingtotheirproductionandoperationrequirementsandtheirordinarycoursebusinesspractices.IV.PurposeofRelated-PartyTransactionanditsImpactontheCompany
Theserelated-partytransactionsarenecessaryforthedailybusinessoperationoftheGroupCompanies.TheymainlyaimtocapitalizeontheGroupCompanies’uniquepositioningandprofile,includingaspartoftheSyngentaGroup,achievecostsavings,increasetheCompany’ssalesandmarketshareandtodriveitsprofitablegrowth.Basedontheunderstandingoftherelated-parties’businessperformance,creditstatusandperformancecapability,theGroupCompanieshaveselectedthemtoconducttransactionsintheordinarycourseofbusiness.Therelated-partytransactionactivitiesfollowtheprincipleoffairnessandjustice,theywillnotadverselyaffecttheCompanyanditsnon-relatedpartyshareholders.TheBoardofDirectorsoftheCompanyholdsthattherelated-partytransactionsbenefitthecontinuityandstabilityoftheCompany’sbusinessoperationsandhasapositiveimpactonthenormaloperationsoftheCompany.ThosetransactionswillnotimpacttheindependenceoftheCompany.V.IndependentDirectors’PriorApproval
TheCompany’sSpecializedMeetingofIndependentDirectorsapprovedtherelatedpartytransactionsandtheindependentdirectorshavegivenapprovalopinions:TheGroup'srelated-partytransactionsperformedintheordinarycourseofbusinessaremainlytopurchaseorsellgoods,materialsandservicesfrom/totherelatedpartiesbasedontheprinciplesofjusticeandfairnessandthepricingstandardsconsistentwiththoseofnon-relatedparties,inordertocapitalizeontheGroup’suniquepositioningandprofileincludingaspartoftheSyngentaGroup,achievecostsavings,increasetheCompany’ssalesandmarketshareandtodriveitsprofitablegrowth.Allsuchtransactionsshallconformtorelevantnationallawsandregulations,asapplicable,andmarket-orientedprinciples,andshallnotinfluencetheindependenceoftheCompanyordamagetheinterestsoftheGroupCompaniesandtheirothershareholders.Thedecision-makingproceduresfortheserelatedpartytransactionsshallconformtotheCompanyLawofthePeople’sRepublicofChina,theRulesofShenzhenStockExchangefortheListingofStocks,theArticlesofAssociationandotherlawsandregulations.AlltheindependentdirectorsagreeonthisproposalandsubmitittotheBoardfordeliberation.VI.DocumentsforFutureReference
1.Theresolutionsmadeatthe17
th
Meetingofthe10
th
SessionoftheBoardofDirectorsoftheCompany;
2.TheresolutionsoftheSpecializedMeetingofIndependentDirectors.
TheBoardofDirectorsofADAMALtd.
December23,2025