安道麦B:关于控股子公司所涉业绩承诺相关仲裁事项的进展公告(英文版)

Stock Code：000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.: 2025-16
ADAMALtd.
Announcement on the Progress of theArbitration
Matters about Fulfillment of Performance
Commitments Related to a Controlled Subsidiary
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 recording,
misleading statement or material omission.
I. Key Points
1. Progress of the Arbitration Case: Shanghai International Economic and Trade
Arbitration Commission (Shanghai International Arbitration Centre) has issued the award.
2. The Standing of the Listed Company in the Case: theApplicant
3. Value Involved in the Case: TheApplicant requested the payment of price adjustment
of RMB 64,535,827 yuan, compensation for corresponding losses and all costs incurred
for initiating the arbitration, including fees for the attorney and the arbitration.
4. Compensation Amount supported by Award: According to the award made by
Shanghai International Arbitration Centre, the respondent shall pay to the applicant the
price adjustment amount of RMB45,000,000, the compensation for corresponding losses
and a proportion of the costs incurred for initiating the arbitration, including fees for the
attorney and the arbitration.
5. Impact on the Profit and Losses of the Listed Company: The Company will make
accounting treatment in accordance with the relevant provisions of the Accounting
Standards for Business Enterprises, and the specific results of the treatment and the impact
on the Company's profits for the current and the following periods shall be subject to the
final audit results of the accounting firm. The Company does not expect material impact
on its profits or losses.
II. Basic Information of theArbitration Matter
Due to the disputes betweenADAMALtd. (hereinafter referred to as the “Company”
or the “Applicant”) and Jiangsu Huifeng Bio-agriculture Co., Ltd. (hereinafter referred to
as the “Respondent”) regarding the price adjustment payment in relation to the Equity
Purchase Agreement (6.11.2019), the Supplemental Agreement to the Equity Purchase
Agreement (26.2.2020) and theSupplementalAgreement to theEquity PurchaseAgreement
(II) (28.10.2020), the Company applied for arbitration with Shanghai International
Arbitration Center (hereinafter referred to as the ‘Arbitration’).
For details, please refer to the Announcement on the Fulfillment of Performance
Commitments Related to a Controlled Subsidiary (No. 2024-9) disclosed on 27 March,
2024 and the Announcement on the Arbitration Matters about Fulfillment of Performance
Commitments Related to a Controlled Subsidiary of ADAMA Ltd. (No. 2024-28) disclosed
on 10 May, 2024, respectively on the website of www.cninfo.com.cn.
III. Award Results
On 1 April, 2025, Shanghai International Arbitration Center rendered an award in
respect of the arbitration, according to which the Respondent shall pay the Applicant the
price adjustment payment of RMB45,000,000 yuan, the damage compensation for failure
to pay the price adjustment amount on time (calculated on the basis of the payable amount
of RMB45,000,000 and the LPR for one-year loan according to the National Interbank
Offered Rate announced by China National Interbank Funding Center for the same period
starting from 23 February 2024 to the date of actual payment of the entire price adjustment
amount), and a certain proportion of fees for the attorney and the arbitration as well as
other expenses incurred by the Applicant for initiating the case.
IV. Other Litigation andArbitration Matters Not Disclosed
As of the date of disclosure of this announcement, the Company and its controlled
subsidiaries have litigations and arbitrations whose value involved do not meet the
disclosure threshold for material litigation and arbitration matters set out in the Rules
Governing the Listing of Stocks on the Shenzhen Stock Exchange. The Company doesn’t
have litigations and arbitrations that should be disclosed but have not been disclosed.
V. Possible Impact of this Arbitration on the Company's Profits for the Current and
Subsequent Periods
The Company will make accounting treatment in accordance with the relevant
provisions of the Accounting Standards for Business Enterprises, and the specific results
of the treatment and the impact on the Company's profit for the current and the following
periods shall be subject to the final audit results of the accounting firm.The Companydoes
not expect material impact on its profit or loss.
VI. Documents for Reference
1. the Arbitration Award [File No.1292(2024) of Shanghai International Arbitration
Center]
It is hereby announced.
Board of Directors ofADAMALtd.
April 4th, 2025