ChemChina to Acquire the Major Agricultural Assets from Sinochem Group

Syngenta Group Co., Ltd. (whose current name is China Chemical (Shanghai) Agricultural Technology Corporation Ltd., hereinafter referred to as “Syngenta Group”), a subsidiary of China National Chemical Corporation Ltd. (“ChemChina”), intends to acquire major agricultural assets from Sinochem Group. Meanwhile, the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina will also be transferred to Syngenta Group. This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. This is also an important measure for Sinochem Group and ChemChina to further strengthen cooperation.