公告日期:2024-11-07
Stock Code:000553(200553) Stock Abbreviation: ADAMA A (B) NO. 2024-52
ADAMA Ltd.
Announcement on New Credit Facility from the
Related Party
The Company and all members of the Company’s Board of Directors confirm that all
informationdisclosedhereinistrue, accurateandcomplete,withnofalseor misleadingstatementor material omission.
I. Overview of the RelatedParty Transaction
The 33rd meeting of the 9th session of the Board of Directors of ADAMA Ltd.
(hereinafter referred to as the “Company”) and the 1st Interim Shareholders Meeting
in 2024 approved the Proposal on Credit Facility from the Related Party, according to
which Adama Fahrenheit B.V. (hereinafter referred to as "ADAMA NL"), an
indirectly wholly-owned subsidiary of the Company signed an Facility Agreement
with Syngenta Group (NL) B.V. (hereinafter referred to as "SG NL"), a subsidiary of
the Company's controlling shareholder, Syngenta Group Co., Ltd. (hereinafter
referred to as "SG"), and SG NL provided an amount of USD 200 million in favor of
ADAMANL. Fordetails, pleasereferto theAnnouncementonCredit FacilityofUSD
200 million from a Related Party (Announcement No.2024-24) disclosed on April 26,
2024 (the "Previous Credit Facility").
In order to meet the capital requirements for its operation and development, ADAMA
NL intends to apply to SG NL for a new credit line with an estimated amount of no
more than USD 200 million and sign a new facility agreement (the "Transaction").
Since SG NL and ADAMA NL are both controlled by Sinochem Holdings
Corporation Ltd. (hereinafter referred to as " Sinochem Holdings”), the Transaction
constitutes a related party transaction.
Among the fivedirectors of the Company, the related-party directors, Mr. Qin Hengde
and Mr.Liu Hongsheng refrained from voting, while among the remaining votes of the
three direct……
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