Summary

On 3 September 2024, the Group's lawyers advised that the Chinese Government has signed and executed a settlement agreement (the "Settlement Agreement") with the Company and its wholly owned subsidiary, Norwest Chemicals Pte Limited ("NWC") to formalise the settlement of the Legal Cost Award.

• AsiaPhos Limited and Norwest Chemicals Pte Ltd v People's Republic of China - ICSID Case No. ADM/21/1 - Award of the Tribunal incl. Dissenting Opinion Stanimir A. Alexandrov - 16 February 2023
• Schweizerisches Bundesgericht 4A-172-2023 - AsiaPhos Limited and Norwest Chemicals Pte Ltd v People's Republic of China - ICSID Case No ADM-21-1 - German - 11 January 2024