公告日期：2024-11-07

Stock Code: 000553(200553) Stock Abbreviation: ADAMA A (B) NO. 2024-55
ADAMA Ltd.

Announcement on the Signing of the Entrusted

Management Agreement with Related Parties

The Company and all members of the Company’s Board of Directors confirm that
all information disclosed herein is true, accurate and complete, with no false or
misleading statement or material omission.

I. Overview of the Related-party Transaction

PursuanttothecommitmentontheresolutionofhorizontalcompetitionissuedbyChina
National Chemical Corporation Limited (hereinafter referred to as “ChemChina”), the
indirect controlling shareholder of ADAMA Ltd. (hereinafter referred to as “the
Company”), and Syngenta Group Corporation Limited (hereinafter referred to as
“Syngenta Group”), the controlling shareholder, both ChemChina and Syngenta Group
shall adopt appropriate measures within the committed period to gradually resolve
horizontal competition amongSyngentaAG (hereinafter referredto as “SAG”), Jiangsu
YangnongChemical Co., Ltd.(hereinafterreferredtoas “Yangnong”)andtheCompany.
(Please refer to the Acquisition Report of ADAMA Ltd. disclosed on
www.cninfo.com.cn on 14 March 2020 and the Announcement on the Commitment
Made by the Controlling Shareholder disclosed on www.cninfo.com.cn on 7 April
2022.)

In order to resolve horizontal competition, the Company reached an agreement on the
specific arrangements for the entrusted management with SAG and Yangnong, and
intends to enter into entrusted management agreements with SAG and Yangnong
respectively. In respect of the overlapping products between the Company and SAG,
SAG will entrust the Company with the right and responsibility of managing the
entrusted business of overlapping products (i.e., the agreed aspects of sales of the
overlapping products, the same as below)- please refer to Section V of this
announcement. In respect of the overlapping products between the Company and
Yangnong, Yangnong entrusts the Company wi……
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