General Announcement::RESTRUCTURING BETWEEN SINOCHEM GROUP AND CHEMCHINA

HALCYON AGRI CORPORATION LIMITED

Company Registration No. 200504595D

(Incorporated in the Republic of Singapore)

RESTRUCTURING BETWEEN SINOCHEM GROUP AND CHEMCHINA

Where capitalised terms are used in this announcement and not otherwise defined, such capitalised terms shall bear the same meanings as ascribed to them in the announcement of the Company dated 1 April 2021 (the "Announcement") in relation to the restructuring between Sinochem Group and ChemChina.

The Board of Directors (the "Board") of Halcyon Agri Corporation Limited (the "Company") refers to the Announcement and wishes to inform the shareholders that based on the notification form for substantial shareholder 1 received from Sinochem Holdings Corporation Ltd. ("Sinochem Holdings"):

1. the transfer of equity interest of Sinochem Group Co., Ltd from State-owned Assets Supervision and Administration Commission of the State Council of China to Sinochem Holdings had been completed on 10 September 2021; and
2. Sinochem Holdings has become a substantial shareholder of the Company and it is deemed to be interested in the 877,056,655 ordinary shares held by the Company's major shareholder, Sinochem International (Overseas) Pte. Ltd..

Shareholders of the Company and potential investors should exercise caution when trading in the shares of the Company, and where in doubt as to the action they should take, they should consult their financial, tax or other advisors.

By Order of the Board

Liew Guat Yi

Company Secretary

13 September 2021

1 Notification form for substantial shareholder(s)/ unitholder(s) in respect of interest in securities under Part VII of the Securities and Futures Act, Chapter 289 of Singapore.