Syngenta Group Co., Ltd. signed a share transfer agreement to acquire 36.17% stake in Jiangsu Yangnong Chemical Co., Ltd. (SHSE:600486) from Jiangsu Yangnong Chemical Group Co., Ltd. for CNY 10.2 billion on November 6, 2020. As per the terms, within 5 working days from the date of signing the supplemental agreement Syngenta Group shall pay 30% of the asset sale transaction price to Yangnong Group and within 3 working days after all the prerequisites for delivery of this transaction are met, Syngenta Group shall pay the asset sale transaction price to Yangnong Group in full within the same period. After the acquisition, Syngenta Group Co., Ltd. holds 36.17% and Jiangsu Yangnong Chemical Group Co., Ltd. will not hold any stake directly in Jiangsu Yangnong Chemical Co., Ltd. and other necessary approvals of the stock exchange. The transaction is subjected to approval from board of directors and shares holders of Syngenta Group Co., Ltd. The transaction is subjected to approval from domestic and foreign antitrust review agencies. The transaction is subject to The authorized state-owned assets supervision and administration agency. The transaction has been reviewed and approved at the fifth meeting of the fourth board of directors of Yangnong Group held on November 6, 2020. The transaction has been reviewed and approved at the tenth meeting of the first board of directors of Syngenta Group and the fifth extraordinary general meeting of shareholders in 2020 on October 30, 2020. As of February 9, 2021, Sinochem International recently received "Approval on Matters Related to the Asset Reorganization of JiangsuYangnong Chemical Group Co., Ltd." issued by the Sinochem Group for transaction. The asset reorganization still needs to be approved by the shareholders of Sinochem. As on June 21, 2021, Syngenta Group Co., Ltd. informed that the preconditions for the settlement involved in this transaction have been met. Ma Yan and Wang Lezhong of BOC International Securities Co., Ltd. acted as financial advisors to Syngenta Group Co., Ltd.

Syngenta Group Co., Ltd. completed the acquisition of 36.17% stake in Jiangsu Yangnong Chemical Co., Ltd. (SHSE:600486) from Jiangsu Yangnong Chemical Group Co., Ltd. on July 13, 2021.