安道麦B:关于自愿披露涉及诉讼的进展公告(英文版)
公告时间:2025-08-05 16:55:38
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
The Company and all members of its board of directors hereby confirm that all
information disclosed herein is true, accurate and complete with no false or misleading
statement or material omission.
Special Notice:
1. Litigation stage of the case: the Intermediate People's Court of Wuhan, Hubei
Province (hereinafter abbreviated as “Wuhan Intermediate Court”) issued the first
instance judgement.
2. Status of the listed company as a party: ADAMA Ltd. (hereinafter referred to
as "the Company" or "ADAMA") is one of the defendants.
3. Value involved: The plaintiff requested that the three defendants (China
National 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 of
the litigation.
4. Impact on the profits and losses of the Company: The Wuhan Intermediate
Court 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”) filed
a lawsuit against China National Chemical Corporation Limited (ChemChina,
Defendant I), Syngenta Group Co., Ltd. (Syngenta Group, Defendant II) and the
Company (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 a
long-term investment in the Company's shares. Defendants I and II failed to fulfil the
obligations set forth in the Announcement of Response to Restructuring Queries from
Shenzhen Stock Exchange, Sanonda Restructuring Report, and ADAMA Acquisition
Report, including not resolving horizontal competition and failing to perform
obligations in accordance with the promised manner and timeline. Information
disclosed by the Company on HuDongYi, the interaction platform of Shenzhen Stock
Exchange that the performance capability analysis contained in Sanonda Restructuring
Report did not constitute specific commitments made by ChemChina is inconsistent
with the committed matters, constituting false and misleading statements. And the
Company failed to fulfill its information disclosure obligations. The plaintiff argued
that the actions of the three defendants had a direct causal relation with his investment
losses and requested that the three defendants jointly compensate his investment losses
of RMB 916,135 yuan and litigation costs.
For above information, please refer to the Announcement on Voluntary Disclosure
of the Company’s Involvement in Litigation (Announcement No. 2025-5) disclosed at
www.cninfo.com.cn on February 15th, 2025.
II. Judgment
On August 4th, 2025, Wuhan Intermediate Court issued its first instance judgment
on this litigation. After reviewing the case, the court ruled that the plaintiff's claim
lacked factual and legal basis and was not validated. Therefore, the court dismissed the
plaintiff's claim. The litigation costs shall be borne by the plaintiff.
III. Other Undisclosed Litigation and Arbitration Matters
As of the date of this announcement, the Company and its subsidiaries have no
other litigation or arbitration matters that should be disclosed but have not been
disclosed.
IV. Potential Impact of the Litigation on the Company's Current or Future
Profits
Wuhan IntermediateCourtdismissedtheplaintiff'sclaimsandorderedtheplaintiff
to bear the litigation costs for this case. The judgement will not generate any impact on
theCompany's current or futureprofits. TheCompanywill closelymonitortheprogress
of the case, take necessary measures to protect the legitimate rights and interests of
itself and its shareholders, and timely fulfill its information disclosure obligations in
accordance with the progress of the case.
The media designated by the Company for information disclosure are China
Securities Journal, Securities Times and www.cninfo.com.cn. All information
disclosed bythe Company is subject to the information disclosed in the aforementioned
media.
V. Other Matters to Note
Iftheplaintiffisdissatisfiedwiththisfirstinstancejudgment,hemayfileanappeal
with Wuhan Intermediate Court within fifteen days from the date of receipt of the
judgment. 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 its
information disclosure obligations. Investors are advised to make decisions with
caution and pay attention to investment risks.