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.