公告日期:2024-11-07
Stock Code: 000553(200553) Stock Abbreviation: ADAMA A (B) NO. 2024-51
ADAMA Ltd.
Announcement on the Intended Renewal of the Financial
Service Agreement with Sinochem Finance Co., Ltd.,
constituting a related-party transaction
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.Basic Information on the Transaction
In order to continuously optimize financial management, improve capital efficiency, and
reduce financing costs and risks, on January 13, 2022 ADAMA Ltd. (hereinafter referred to
as “the Company”) signed a Financial Service Agreement (hereinafter referred to as " the
Original Agreement") with Sinochem Finance Co., Ltd. (hereinafter referred to as the
"Finance Company"), according to which the Finance Company would provide relevant
financial services to the Company and its subsidiaries for a three-year term ending on January
12, 2025. For details, please refer to the Announcement on the Signing of a Financial Service
Agreement with Sinochem Finance Co., Ltd., constituting a related-party transaction
(Announcement No.2021-50) disclosed on December 24, 2021.
The Company wishes to continue to receive financial services from the Finance Company,
including deposits, clearance, credit and additional financial services approved by the
National Financial Regulatory Administration, and therefore wishes to renew the Financial
Service Agreement with the Finance Company (hereinafter referred to as “the Transaction”
and the “Renewed Agreement”).
The Finance Company is a subsidiary controlled by Sinochem Holdings Corporation Ltd.
(hereinafter referred to as “Sinochem Holdings”), the indirect controlling shareholder of the
Company through Syngenta Group Co., Ltd.. According to the Listing Rules of the Shenzhen
StockExchange, theFinanceCompanyis therefore arelatedpartyto theCompanydue……
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