st
Meeting of the 9
thSession of the Board of Directors
The 21
st Meeting of the 9
thSession of the Board of Directors of ADAMA Ltd.(hereinafter referred to as the “Company”) was held via circulation of the resolution onApril 2, 2023 following notifications sent to all the directors by email of March 31,2023. Five directors were entitled to participate in the circulation and five directorsparticipated.The meeting complies with all relevant laws and regulations as well as the Articles ofAssociation of the Company. The following resolution was deliberated and adopted:
1. Proposal on Change of the Senior Executive of the CompanyOn April 2, 2023, the Board received notice from Mr. Ignacio Dominguez informingthe Company of his resignation as the President and CEO (legal representative of theCompany) due to resignation from the Company. Mr. Ignacio Dominguez’s resignationwill come into effect upon the appointment of the new President and CEO entering intoeffect on May 1, 2023. Following his resignation, Mr. Ignacio Dominguez will cease tohold any position in the Company and its wholly-owned subsidiary, ADAMAAgricultural Solutions Ltd. ("Solutions”). The Board hereby approved, the separationarrangement between Solutions and Mr. Ignacio Dominguez, as detailed to the Board.The Board highly values and deeply appreciates the significant contribution Mr. IgnacioDominguez made to the Company during his tenure.
The Company and all members of its board of directors hereby confirm that allinformation disclosed herein is true, accurate and complete with no false ormisleading statement or material omission.
Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2023-16
The Board approved the appointment of Mr. Steve Hawkins as the President and CEOof the Company also acting as legal representative of the Company and hisremuneration. The above appointment will be effective from May 1, 2023. For details,please refer to the Announcement on the Change of the Senior Executive(Announcement No.2023-17) disclosed on the same day.This proposal was passed with 5 affirmative votes, 0 negative votes and 0 abstentions.The Company’s independent directors provided independent opinions on the aboveproposal. The detailed opinions were disclosed on the website of Juchao Information(http://www.cinfo.com.cn) on April 4, 2023.
It is hereby announced.
Board of Directors of ADAMA Ltd.
April 4, 2023