Stock Code: 000553(200553) Stock abbreviation: ADAMA A(B) Announcement No.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 Hubei High People’s Court (hereinafter
referred to as “Hubei High Court”) has issued the second-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 in the first instance and
one of the appellees in the second instance.
3. Value Involved: the three appellees (China National Chemical Corporation
Limited Syngenta Group Co. Ltd. and ADAMA Ltd.) are requested to be jointly
liable for the plaintiff's investment losses of RMB 916135 and the costs of the
litigation.
4. Impact on the Company's profits and losses: The Hubei High Court in its
second-instance judgement dismissed the plaintiff’s appeal affirmed the original
judgement and ordered the plaintiff to bear the litigation costs. The judgement is final
and binding and the outcome is not expected to have any impact on the Company’s
profit for the current or future periods.
1I. 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 or Appellee I) Syngenta Group Co. Ltd. (Syngenta Group Defendant II
or Appellee II) and the Company (Defendant III or Appellee 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 916135 yuan and litigation costs.On August 4th 2025 the Intermediate People's Court of Wuhan Hubei
Province (hereinafter as “Wuhan Intermediate Court”) issued its first instance
judgment on this litigation. After reviewing the case Wuhan Intermediate Court ruled
that the plaintiff's claim lacked factual and legal basis and was not validated.
2Therefore the court dismissed the plaintiff's claim and the litigation costs should be
borne by the plaintiff.Subsequently the Company received a Civil Appeal Notice. The plaintiff who
was dissatisfied with the Civil Judgment [(2025) E’01 No.67 of the First Instance for
Civil Case] issued by Wuhan Intermediate Court filed an appeal with the Hubei High
Court and requested that the first-instance judgement be repealed and the case
remanded for retrial or a new judgement be issued and that the respondent be ordered
to bear the costs of the proceedings.For above information please refer to the Announcement on Voluntary
Disclosure of the Company’s Involvement in Litigation (Announcement No. 2025-5)
disclosed on February 15th 2025 the Announcement on Voluntary Disclosure of the
Progress of the Company’s Involvement in Litigation (Announcement No. 2025-25)
disclosed on August 6th 2025 and the Announcement on Voluntary Disclosure of the
Progress of the Company’s Involvement in Litigation (Announcement No. 2025-27)
disclosed on August 20th 2025 at www.cninfo.com.cn.II. Progress of Litigation
On June 29th 2026 the Hubei High Court made its second-instance judgment in
this case. The Court found the plaintiff’s appeal not validated and dismissed it
accordingly. The Hubei High Court affirmed the original first-instance judgment
concluding that the facts were clearly established and the law was correctly applied.The plaintiff was ordered to bear the costs of both instances. This judgment is final
and binding.III. Other Undisclosed Litigation and Arbitration Matters
3As 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
The Hubei High Court in its second-instance judgement dismissed the
plaintiff’s claims and ordered the plaintiff to pay the litigation costs. As final and
binding as it is the judgement is expected to have no impact on the Company’s profit
for the current or future periods.The media designated by the Company for information disclosure are China
Securities Journal Securities Times and www.cninfo.com.cn. All information
disclosed by the Company is subject to the information disclosed in the
aforementioned media. Investors are advised to make decisions with caution and pay
attention to investment risks.V. Reference Documents
1. Civil Judgement of the Hubei Provincial High People’s Court [No. (2025) E Min
Zhong 406].It is hereby announced.Board of Directors of ADAMA Ltd.July 2 2026
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