安道麦B：2024年年度报告

ADAMA Ltd. is a global leader in crop protection, providing solutions to farmers across theworld to combat weeds, insects and disease. ADAMA has one of the widest and mostdiverse portfolios ofactive ingredients in the world, state-of-the art R&D, manufacturing andformulation facilities, together with a culture that empowers our people in markets aroundthe world to listen to farmers and ideate from the field. This uniquely positions ADAMA tooffer a vast array of distinctive mixtures, formulations and high-quality differentiated products,delivering solutions that meet local farmer and customer needs indozens ofcountriesglobally, with direct presence in all top 20 markets. For furtherimportant additional information and details, please refer to the Annex. Section I-ImportantNotice,Table ofContents and Definitions ▪TheCompany’sBoardofDirectors,Board ofSupervisors, directors, supervisors andsenior managersconfirmthat the content of the Report is true,accurateand complete and contains no false statements, misleadingpresentationsor material omissions,andassumejoint and severallegalliability arising therefrom. ▪GaëlHili,the person leading the Company(President and Chief Executive Officer)as well as its legalrepresentative,andEfrat Nagar-the personleadingthe accountingfunction(ChiefFinancial Officer),herebyassert and confirmthe truthfulness, accuracy and completeness ofthe Financial Report. ▪All of the Company’sdirectors attended the board meeting forthe review of this Report. ▪The forward-looking information described in the Report, such as future plans, development strategy etc., doesnot constitute, in any manner whatsoever, a substantialcommitmentof theCompanyto investors. Investors andotherrelevantpeopleare cautioned tobe sufficiently mindful ofinvestmentrisksas well as the difference betweenplans, forecasts andcommitments. ▪The Company has described its future development strategies, work plan for2025and possible risks in “XI.Outlook ofthe Company’sfuturedevelopment” inSection III.The major risks of the Company include, amongothers, exchange rate fluctuations; exposure to interest rate, Israel CPI and NIS exchange rate fluctuations;fluctuations in raw material inputs and prices, and in sales. Investors and other relevant people are cautioned tobe sufficiently mindful of investment risks. For the complete “Risk factors and countermeasures”of the Company,please see the relevant section below. ▪Pre-plan of dividend distribution or reserve transfer to equity capital approved for the reporting period by themeeting of the Board of Directors on March12, 2025□Applicable√Not applicableTheCompanydoesnotplan to distributecashorsharedividends,norplanto transfer capitalreserve to equitycapital. ▪This Report and its abstract have been prepared in both Chinese and English. Should there be any discrepanciesbetween the two versions, the Chinese versionshallprevail. Table of Contents Section I-Important Notice, Table of Contents and Definitions................................................2Section II-Corporate Profile and Financial Results.........................................................................6Section III-Performance Discussion and Analysis.........................................................................12Section IV-Corporate Governance...........................................................................................................51Section V-Environment and Social Responsibilities....................................................................78Section VI-Significant Events......................................................................................................................92Section VII-Change in Shares & Shareholders...............................................................................147Section VIII-PreferredStock.......................................................................................................................157Section IX-Corporate Bonds......................................................................................................................158Section X-Financial Report.........................................................................................................................159 Contents of DocumentsAvailablefor Reference (I) Duly signed Financial Statements by the Legal Representative and Accounting Principal as well as Head of theAccounting Organ. (II)Duly signedAuditor’s Report and sealsthecertified public accountants.(III) Originals of all Company’s documents previously disclosed in media designated by the CSRC as well as the originalsof all the public notices, were deposited in the Company’s office. Definitions In this Report, the following terms have the meaning appearing alongside them, unlessotherwise specified: Section II-Corporate Profile and Financial Results I.CorporateInformation II.ContactInformation III.InformationDisclosure IV.CompanyRegistration andAlteration V.OtherInformati