Syngenta announces withdrawal of IPO application and will restart in future at  opportune time

On 29 March, 2024, Syngenta Group released a statementon the company's website, saying that Syngenta Group has decided to withdrawits application for initial public offering (IPO) on the Main Board afterprudent study based on comprehensive consideration of its own developmentstrategy and the global industry environment. The Company will use adiversified portfolio of strategies to continue to consolidate and enhance itsleading position in the global agro-technology sector, and will restart thelisting process at an appropriate time in the future.

After the close of trading in the afternoon of 29March, 2024, the Shanghai Stock Exchange stated that it had legally acceptedthe application documents of Syngenta's initial public offering and listing onthe Main Board on 19 May 2023 and reviewed them in accordance with theregulations. A few days ago, Syngenta and the sponsor respectively submittedapplications to the Shanghai Stock Exchange to withdraw the applicationdocuments. In accordance with the relevant regulations, the Shanghai StockExchange has decided to terminate the examination and approval of the initialpublic offering and listing on the Main Board of the Company.