ADAMALtd.
InformationDisclosureManagement
Policy
(October,2025)
ChapterIGeneralProvisionsArticle1TheInformationDisclosureManagementPolicy(hereinafterreferredtoas“thisManagementPolicy”)areenactedinaccordancewiththeCompanyLaw,theSecuritiesLaw,theAdministrativeMeasuresfortheDisclosureofInformationofListedCompanies,StockListingRulesofShenzhenStockExchange,theSelf-regulatorySupervisionGuidelinesforListedCompaniesofShenzhenStockExchangeNo.5–ManagementofInformationDisclosureandotherlawsandadministrativeregulations,aswellastheprovisionsoftheArticlesofAssociationsoftheCompany,forthepurposeofregulatingtheinformationdisclosuremadebyADAMALtd.(hereinafterreferredtoas“theCompany”)andotherinformationdisclosureobligors,strengtheningthemanagementofinformationdisclosuremattersandprotectingthelegitimaterightsandinterestsofinvestors.Article2The"informationdisclosureobligors"relevanttothisManagementPolicyreferstotheCompany,itsdirectorsoftheboard,seniorexecutives,shareholders,ultimatecontrollers,acquirers,aswellasnaturalpersons,entitiesandtheirrelatedpersonsinvolvedinmajorassetrestructuring,refinancingandmaterialtransactions,bankruptcyadministratorsandtheirmembersaswellasothersubjectswhohaveinformationdisclosureobligationsasstipulatedbylaws,administrativeregulationsandChinaSecuritiesRegulatoryCommittee(hereinafterabbreviatedas“CSRC”).Article3AninformationdisclosureobligorshallcomplywiththeprovisionsofthisManagementPolicywhenperformingtheinformationdisclosureobligation.WheretheCSRCprovidesotherwiseontheinformationdisclosureofinitialpublicofferingsandlistingofstocksandtheissuanceofsecuritiesbylistedcompanies,suchprovisionsshallprevail.Article4Aninformationdisclosureobligorshallperformitsinformationdisclosureobligationinatimelymannerinaccordancewiththelaw.Theinformationdisclosedshallbeauthentic,accurate,complete,concise,clearandeasytounderstand,andshallnotcontainanyfalserecord,misleadingstatementormaterialomission.Anyinformationdisclosedbyaninformationdisclosureobligorshallbedisclosedtoallinvestorsatthesametimeandshallnotbedisclosedtoanyentityorindividualinadvance.However,ifitisotherwiseprovidedforinanylaworadministrativeregulation,suchprovisionsshallprevail.
Priortothedisclosureofinsiderinformationinaccordancewiththelaw,anyinsiderwhohasaccesstoanyinsiderinformationoranypersonwhohasillegallyobtainedanyinsiderinformationmaynotpublicizeordivulgesuchinformationorconductanyinsidertradingbytakingadvantageofsuchinformation.Noentityorindividualmayillegallyrequireaninformationdisclosureobligortoprovideanyundisclosedinformationwhichshallbedisclosedinaccordancewiththelaw.Article5ThedirectorsoftheboardandseniorexecutivesoftheCompanyshallperformtheirdutiesfaithfullyanddiligently,andensurethattheinformationwillbedisclosedtruthfully,accurately,completely,fairlyandintime.Article6Inadditiontotheinformationthatshallbedisclosedinaccordancewiththelaw,aninformationdisclosureobligormayvoluntarilydiscloseinformationrelatedtothevaluejudgmentandinvestmentdecisionmadebytheinvestors,whichshallnotconflictwiththeinformationdisclosedinaccordancewiththelawandmaynotmisleadtheinvestors.Theinformationvoluntarilydisclosedbytheinformationdisclosureobligorshallbeauthentic,accurateandcomplete.Thevoluntaryinformationdisclosureshallbesubjecttotheprincipleoffairness,andthecontinuityandconsistencyoftheinformationdisclosureshallbekept.Noselectivedisclosureshallbemade.AninformationdisclosureobligorshallnotimproperlyaffectthetradingpricesoftheCompany'ssecuritiesaswellasthederivativesthereofbytakingadvantageoftheinformationvoluntarilydisclosed,orengageinanyillegalornon-compliantactionssuchasmarketmanipulationbytakingadvantageofthevoluntaryinformationdisclosure.Article7IftheCompanyanditsactualcontroller,shareholders,relatedparties,boarddirectors,seniorexecutives,acquirers,assettransactioncounterparties,bankruptcyrestructuringinvestorsandotherrelevantpartiesmakeanypubliccommitments,suchcommitmentsshallbetimelydisclosedandfullyimplemented.Article8Theinformationdisclosuredocumentsincludeperiodicandinterimreports,IPOprospectuses,fundraisingprospectuses,listingannouncements,acquisitionreports,etc.Article9Theinformationdisclosedinaccordancewiththelawshallbepublishedonthewebsiteofthestockexchangeandthemediathatmeetstheconditionsprescribed
bytheCSRC,andshallalsobesimultaneouslymadeavailableforpublicreferenceatboththeCompany’sdomicileandthestockexchange.ThefulltextoftheinformationdisclosuredocumentsshallbepresentedonthewebsitesofthestockexchangeandofthenewspaperandmagazinesthatmeettheconditionsprescribedbyCSRCinaccordancewiththelaw.Theabstractofperiodicreportsandacquisitionreports,etc.,shallalsobedisclosedonthewebsiteofthestockexchangeandonthenewspaperandmagazinesthatmeettheconditionsprescribedbyCSRC.NoinformationdisclosureobligormayreplacetheduereportingorannouncementobligationswithanyformssuchaspressconferenceorQ&Awithjournalistsorreplacethedueadhocreportingobligationswiththeformofperiodicreports.Article10TheinformationdisclosureobligorshallsubmitthemanuscriptoftheinformationdisclosureannouncementsandrelevantdocumentsforfuturereferencetotheProvincialBureauofCSRCinHubeiProvince.Article11TheinformationdisclosuredocumentsshallbeinChinese.Incaseofaversioninaforeignlanguageatthesametime,theinformationdisclosureobligorshallensurethatthecontentofthetwotextsisconsistent.Incaseofanydiscrepancybetweenthetwoversions,theChineseversionshallprevail.
ChapterIIDisclosureofPeriodicReportsArticle12TheperiodicreportsthattheCompanyshalldiscloseincludeannual,semi-annualreportsandbasedontherequirementoftheShenzhenStockExchange,quarterlyreports.Anyinformationthatmaysignificantlyaffectinvestorsinmakingvaluejudgmentsandinvestmentdecisionsshallbedisclosed.ThefinancialstatementsintheannualreportshallbeauditedbyanaccountingfirmthatcomplieswiththeprovisionsoftheSecuritiesLaw.Article13Theannualreportshallbecompletedanddisclosedwithinfour(4)monthsfromtheendofeachfiscalyear,thesemi-annualreportwithintwo(2)monthsfromtheendofthefirsthalfofeachfiscalyear,andquarterlyreportswithinonemonthfromtheendofthefirstthreemonthsandthefirstninemonthsofeachfiscalyear.
Article14Theannualreportshallcontainthefollowinginformation:
(I)BasicinformationoftheCompany(II)Mainaccountingdataandfinancialindicators(III)InformationonissuanceofCompany'ssharesandbondsandchangesthereto;thetotalamountofsharesandbondsandthetotalnumberofshareholdersattheendofthereportingperiod;aswellasinformationontheshareholdingoftheCompany'stopten(10)shareholders.(IV)Informationonshareholdersholdingfivepercent(5%)ormoreoftheshares,thecontrollingshareholdersandtheultimatecontrollers(V)Appointmentofdirectorsandseniorexecutives,theirchangesandannualremuneration(VI)Reportsoftheboardofdirectors(VII)Managementdiscussionandanalysis(VIII)MaterialeventsoccurringwithinthereportingperiodandtheirimpactontheCompany(IX)Fulltextoffinancialreportsandauditreports;and(X)OthermattersasstipulatedbytheCSRC.Article15Thesemi-annualreportshallcontainthefollowinginformation:
(I)BasicinformationoftheCompany(II)Mainaccountingdataandfinancialindicators(III)InformationonissuanceoftheCompany'ssharesandbondsandchangesthereto;thetotalnumberofshareholdersaswellasinformationontheshareholdingoftheCompany'stopten(10)shareholders;changesofcontrollingshareholderandultimatecontroller(IV)Managementdiscussionandanalysis(V)Materialeventsoccurringwithinthereportingperiod,suchasmateriallawsuitsandarbitrationsandtheirimpactontheCompany(VI)Financialreports;and
(VII)OthermattersasstipulatedbytheCSRC.Article16ThequarterlyreportshallcontaintheinformationrequiredbytheShenzhenStockExchange.Article17AllperiodicreportsshallbedeliberatedandapprovedbytheboardofdirectorsoftheCompany.Anyperiodicreportthathasnotbeendeliberatedandadoptedbytheboardofdirectorsshallnotbedisclosed.ThefinancialinformationpresentedinperiodicreportsshallbereviewedbytheAuditCommitteeandsubmittedtotheboardofdirectorsforconsiderationuponapprovalbyamajorityofallmembersoftheAuditCommittee.Incaseanyofthedirectorsareunabletoensurethetruthfulness,accuracyorcompletenessofanyperiodicreportorhaveanyobjections,theyshallvoteagainstorabstainfromvotingduringthedeliberationoftheboardofdirectors.IfanymemberoftheAuditCommitteeisunabletoensurethetruthfulness,accuracyorcompletenessofthefinancialinformationinanyperiodicreportorhasanyobjection,heorsheshallvoteagainstorabstainduringthereviewoftheperiodicreport.Theboardofdirectorsandseniorexecutivesshallsignwrittenconfirmationopinionsonperiodicreportsandstatewhetherthepreparationanddeliberationproceduresoftheboardofdirectorsareincompliancewiththelaws,administrativeregulationsandprovisionsoftheCSRCandwhetherthecontentsofthereportcantruthfully,accuratelyandcompletelyreflecttheactualsituationoftheCompany.Ifanyofthedirectorsandseniorexecutivesisunabletoensuretheauthenticity,accuracyorcompletenessofthecontentofanyperiodicreportorhasanyobjectionagainstthecontent,theyshallexpresstheiropinionsandstatetheirreasonsinwriting,andtheCompanyshalldisclosesuchopinions.IftheCompanyrefusestodoso,thedirectorsandseniorexecutivesmayapplyfordisclosuredirectly.Thedirectorsandseniorexecutivesshallfollowtheprincipleofprudenceinexpressingtheiropinionsinaccordancewiththeprecedingparagraph,andtheirresponsibilitytoensuretheauthenticity,accuracyandcompletenessofthecontentsofanyperiodicreportshallnotbeexemptedbythatveryact.Article18IftheCompanyforeseesalossoranysubstantialalterationofitsperformances,itshallmakeatimelypre-announcement.
Article19Ifthereisaleakoranyhearsayaboutthefinancialperformance,oranyabnormalfluctuationinthetradingofsecuritiesandderivativesoftheCompanybeforethedisclosureofitsperiodicreports,theCompanyshalldisclosethepreliminaryfinancialresultsinatimelymanner.Article20Ifanon-standardauditopinionisissuedonthefinancialreportsintheperiodicreport,theboardofdirectorsoftheCompanyshallmakeaspecialreportontherelateditems.
Chapter3DisclosureofInterimReportsArticle21WheretheoccurrenceofanymaterialeventislikelytohaveasignificantimpactonthetradingpriceoftheCompany'ssecuritiesanditsderivatives,andtheinvestorshaveyettobeinformed,theCompanyshallpromptlydiscloseitsoccurrenceandexplainthecause,thecurrentstatusandthelikelyeffect.Amaterialeventreferredtointheprecedingparagraphshallinclude:
(I)MaterialeventasstipulatedinParagraph2ofArticle80oftheSecurities
Law;(II)Occurrenceofliabilityforanysignificantsumofcompensation;(III)Provisionforanysignificantamountofassetimpairment;(IV)Occurrenceofnegativevalueofshareholders’equity;(V)TheCompany'smaindebtorbecomesinsolventorentersbankruptcy,and
theCompanyhasnotmadefullprovisionforbaddebtsforthe
correspondingcredits;(VI)Anynewlypromulgatedlaw,regulation,rules,orindustrialpolicythat
maymateriallyaffecttheCompany;(VII)TheCompanycarriesoutanyequityincentiveprogram,repurchaseofits
shares,majorassetrestructuring,spin-off,orlisting;(VIII)Thecontrollingshareholderisprohibitedbytheruleofanycourtfrom
transferringitsshares;
Sharesofanyshareholderaccountingforfivepercent(5%)ormoreofthe
Company'stotalequitybeingpledged,frozen,judiciallyauctioned,heldincustody,placedintrust,orrestrictedinvotingrightsinaccordancewiththelaw,orforcedtransferofownership;(IX)TheCompany'smainassetsareseized,impoundedorfrozen;orthemain
bankaccountsarefrozen;(X)TheCompanyanticipatesalossorsubstantialchangeinitsbusiness
performance;(XI)Themainorallofitsbusinesscomestoahalt;(XII)TheCompanyreceivesextraneousincomethathasamaterialimpacton
thecurrentprofitorloss,whichmayhaveamaterialeffectonitsassets,
liabilities,equity,oritsbusinessperformance;(XIII)Theappointmentordismissaloftheaccountingfirmasanauditorofthe
Company;(XIV)Significantautonomouschangesinaccountingpoliciesandaccounting
estimation;(XV)TheCompanyisorderedbytherelevantauthoritiesortheboardof
directorsdecidestomakecorrectionstopreviousdisclosedinformation
duetoerrors,failuretodiscloseinformationasrequiredorfalse
statements;(XVI)TheCompanyoritscontrollingshareholder,theultimatecontroller,any
directororseniorexecutiveissubjecttocriminalpenalties,under
investigationoradministrativepenaltiesbytheCSRCduetosuspicionof
violatingthelaw,orsubjecttosignificantadministrativepenaltiesbyother
authoritiesentitledtodoso;(XVII)Thecontrollingshareholder,theultimatecontroller,directorsandsenior
executivesoftheCompanyaresuspectedofseriousdisciplinaryoffences
orduty-relatedcrimes,oraredetainedbythedisciplinaryinspectionand
supervisionauthorities,whichconsequentiallyaffectstheirperformanceof
duties;(XVIII)Anyofthedirectorsseniorexecutivesotherthanthechairmanofthe
board,ortheCEOoftheCompanyareunabletonormallyperformtheirdutiesformorethanthree(3)monthsduetohealthissues,workarrangementsandotherreasons,oraresubjecttomandatorymeasuresadoptedbythecompetentauthoritiesforallegedviolationofthelaw,whichconsequentiallyaffecttheperformanceoftheirduties;(XIX)OthermattersasprescribedbytheCSRCIfthecontrollingshareholderortheultimatecontrolleroftheCompanyhasasignificantinfluenceontheoccurrenceorprogressofanymajorevent,heorsheshallpromptlyinformtheCompanyinwritingoftherelevantcircumstancestowhichheorsheisawareandcooperatewiththeCompanyinfulfillingtheinformationdisclosureobligations.Article22AnychangetotheCompany'sname,stockabbreviation,ArticlesofAssociations,registeredcapital,registeredaddress,mainofficeaddressandcontactnumbershallbedisclosedimmediately.Article23TheCompanyshallperformtheinformationdisclosureobligationofamaterialeventinatimelymanneratanyofthefollowingpointsoftimewhenitfirstoccurs:
(I)theboardofdirectorsformsaresolutiononthematerialevent;(II)thepartiesconcernedsignaletterofintentoragreementinrespectoftheevent;(III)thedirectorsorseniorexecutivesbecomeorshouldbecomeawareoftheoccurrenceofthematerialevent.Ifanyofthefollowingcircumstancesoccurspriortotheeventsmentionedintheprecedingparagraph,theCompanyshalltimelydisclosethestatusofallrelevantmattersandtheriskfactorsthatmayaffectthedevelopmentofthesignificantevent:
(I)Thematerialeventisdifficulttokeepconfidential(II)Thematerialeventhasbeendivulgedorrumorsemergeinthemarket;(III)ThesecuritiesoftheCompanyandthederivativesthereofareabnormallytradedArticle24IfthedisclosureofanymaterialeventbytheCompanyleadstoanydevelopmentorchangethatmaysignificantlyaffectthetradingpriceofitssecuritiesandderivatives,itshalldisclosethedevelopmentorchangeandthelikelyimpactina
timelymanner.Article25IncaseamaterialeventasstipulatedinArticle21ofthisManagementPolicyoccursinanyoftheCompany'scontrolledsubsidiaries,whichmaysignificantlyaffectthetradingpriceofitssecuritiesandderivatives,itshallfulfillitsobligationofinformationdisclosure.IfaneventoccursinasubsidiaryinwhichtheCompanyholdsequityandmayresultinasignificantimpactonthetradingpriceoftheCompany’ssecuritiesandderivatives,itshallfulfillitsinformationdisclosureobligations.Article26Whereanyacquisition,merger,division,issuanceofshares,repurchaseofshares,etc.inwhichtheCompanyisinvolvedresultsinsignificantchangestoitstotalequity,shareholdersortheultimatecontroller,theinformationdisclosureobligorshallperformtheobligationtoreportandannouncetheequitychangesinaccordancewiththelaw.Article27TheCompanyshallkeeptrackonanyabnormaltradingofitssecuritiesandderivativesaswellasrelevantmediacoverage.IfanyabnormaltradingormediareportmaymateriallyaffectthetradingoftheCompany'ssecuritiesandderivatives,itshallpromptlyascertainthefactsfromrelevantparties,inquireinwritingandclarifyinpublicifnecessary.TheCompany'scontrollingshareholder,ultimatecontrollerandpartiesactinginconcertshalltimelyandaccuratelynotifytheCompanywhetherthereisanyproposedsharetransfer,assetrestructuringorothersignificanteventandcooperatewiththeCompanyinthedisclosureofinformation.Article28IfthetradingoftheCompany'ssecuritiesandderivativesisidentifiedasabnormaltradingbytheCSRCortheShenzhenstockexchange,itshalltimelyassesstheactorstriggeringtheabnormalfluctuationsintradinganddisclosetheminatimelymanner.
Chapter4ManagementoverInformationDisclosureAffairs
Section1ProceduresforInformationDisclosureArticle29Proceduresforthepreparation,deliberationanddisclosureofperiodic
reportsareasfollows:
(I)ThedivisionsoftheheadquarteroftheCompanyandeachsubsidiaryshall
providebasicinformationdiligently.TheCEO,theCFO,andthesecretaryoftheboardofdirectorsshallorganizeandleadtherelevantteamstodraftperiodicreportsinatimelymannerandsubmitthefinancialinformationcontainedintheperiodicreportstotheAuditCommitteeforreviewandtotheBoardofDirectorsfordeliberation.(II)Thechairmanoftheboardshallberesponsibleforconveningandchairing
themeetingoftheboardofdirectorstoreviewanddeliberatetheperiodicreports.(III)ThedirectorsandseniorexecutivesoftheCompanyshallsignawritten
confirmationregardingtheperiodicreports.(IV)Aftertheboardmeetingapprovestheperiodicreports,thesecretaryofthe
boardshallberesponsibleforarrangingtherelevantdepartmentsto
disclosetheperiodicreports.Article30Proceduresforthepreparation,deliberationanddisclosureofinterimreportsareasfollows:
(I)Whenthedirectorsandseniorexecutivesbecomeawareofamaterial
event,theyshallimmediatelyreporttothechairmanoftheboardand
informthesecretaryoftheboard.Headsofalldepartmentsand
subsidiariesoftheCompanyshallimmediatelynotifytheboardsecretary
uponbecomingawareoforpreparinganymaterialmatter,soastohelpto
promptlyassessifthedisclosureobligationshouldbefulfilled.The
secretaryoftheboardwillarrangeandcoordinatetherelevantpartiesof
theCompanytodraftthedisclosureoftheinterimreports.(II)Foreventsthatrequireresolutionoftheboardofdirectorsandthegeneral
meetingofshareholders,thesecretaryoftheboardshallarrangeand
coordinatetherelevantpartiesoftheCompanyprepareaninterimreport
basedontheinstructionsandresolutionsoftheboardofdirectorsandthe
generalmeetingofshareholders.
ForinformationdisclosureofanymaterialeventprescribedinArticle21
ofthisManagementPolicyandnotsubjecttotheapprovaloftheboardofdirectorsandthegeneralmeetingofshareholders,thesecretaryoftheboardshallarrangeandcoordinatetherelevantpartiesoftheCompanypreparethecorrespondinginterimreports.(III)Thedraftinterimreportshallbereviewedbythesecretaryoftheboardand
shallbeapprovedforreleasebythechairmanoftheboard(ortheCEOauthorizedbythechairmanoftheboard).(IV)Thesecretaryoftheboardshallsubmittheapprovedinterimreportstothe
ShenzhenStockExchangeinatimelymanner.Article31TheinformationdisclosedbytheCompanyshallbepublishedintheformoftheannouncementoftheboardofdirectors.Directorsandotherseniorexecutivesotherthanthesecretaryoftheboardshallnotreleaseundisclosedinformationtothepublicwithoutauthorizationinwritingbytheboardofdirectors.
Article32TheCompanyformulatesandimplementstheInvestorRelationsManagementPolicy,whichconstitutestheframeworkforinformationcommunicationbetweentheCompanyandinvestors,securitiesserviceproviders,medias,andotherrelevantparties.TheCompanyshallnotprovideinsiderinformationwhenitcommunicateswithanyentityorindividualregardingitsoperation,financialstatusandotherissuesthroughperformancepresentation,analysts’meeting,roadshowsorinvestors’inquiries.
Section2ResponsibilitiesofInformationDisclosureArticle33TheboardofdirectorsshallleadtheinformationdisclosureoftheCompanyandimplementtherulesstipulatedinthisManagementPolicy.
(I)Thechairmanoftheboardshallbetheprimarypersonresponsibleforthe
managementoverinformationdisclosureaffairsoftheCompany.(II)Thesecretaryoftheboardshallberesponsibleforthearrangementand
coordinationofinformationdisclosureaffairs.(III)Asthestandinginstitutionforinformationdisclosure,thedepartmentof
securitiesandlegalaffairs,ledbythesecretaryoftheboard,shall
specificallyhandlerelevantaffairs,contactswithinvestorsandshareholders,receivingvisitors,answeringinquiries,providinginvestorswithinformationpubliclydisclosedbytheCompanyandotherdailyfunctioningaffairs.OtherrelevantfunctionaldepartmentsoftheCompanyanditssubsidiariesshallcloselycooperatewiththedepartmentofsecuritiesandlegalaffairsandthesecretaryoftheboardofdirectorstoensurethatthedisclosureofinformationinalltheperiodicandinterimreportscanbecarriedoutinatimelymanner.Article34Theinformationdisclosureobligorholdstheresponsibilitytoprovidethematerialandinformationrequiredfortherelevantinformationdisclosuretothesecretaryoftheboardinatimelymanner.Article35ThedirectorsandseniorexecutivesoftheCompanyshalldiligentlyfulfilltheirduties,paycarefulattentiontothepreparationanddraftingofinformationdisclosuredocumentsandensurethatperiodicandinterimreportsaredisclosedwithintheprescribedperiod.Article36DirectorsoftheboardshallbeawareofandpaycontinuousattentiontothebusinessoperationandfinancialstatusoftheCompanyandanysignificanteventoftheCompanythathasoccurredormayoccuraswellastheimpactsandtaketheinitiativetoinvestigateandobtaintheinformationrequiredfordecision-making.Article37TheAuditCommitteeshallmonitortheCompany'sdirectorsandseniorexecutivesintheperformanceoftheirinformationdisclosureduties;payattentiontotheinformationdisclosure,andifidentifyinganyviolationofinformationdisclosureinvestigateandsuggestproperhandling.Article38SeniorexecutivesshallreporttotheboardofdirectorsinatimelymanneronsignificantissuesrelatedtothebusinessoperationorfinancialstatusoftheCompany,anydevelopmentoforchangesinadisclosedeventandotherrelevantinformation.Article39ThesecretaryoftheboardshallberesponsibleforcollectingtheinformationtobedisclosedbytheCompany,analyzingandjudginginformationsignificance.IfitisnecessarytofulfilltheobligationofinformationdisclosureinaccordancewithrelevantlawsandregulationsaswellasprovisionsofthisManagementPolicy,the
secretaryoftheboardshallreporttotheboardofdirectorsinatimelymannerandrequesttogothroughthecorrespondingproceduresanddisclosetothepublic.ThesecretaryoftheboardshallalsocontinuouslypayattentiontothemediacoverageontheCompanyandtaketheinitiativetoseekverification.Thesecretaryoftheboardhastherighttoattendthegeneralmeetingofshareholders,themeetingoftheboard,themeetingoftheAuditCommitteeandrelevantmeetingsoftheseniorexecutivestounderstandthefinancialandoperationalsituationoftheCompanyandconsultalldocumentsrelatedtoinformationdisclosurematters.ThesecretaryoftheboardisresponsibleforhandlingmattersrelatedtotheannouncementoftheCompany'sinformationtothepublic.TheCompanyshallfacilitatethesecretaryoftheboardtoperformone’sduties,andtheCFOshallcooperatewiththesecretaryoftheboardintheworkrelatedtofinancialinformationdisclosure.Article40Whenthefollowingeventsoccur,theshareholdersortheultimatecontrolleroftheCompanyshalltaketheinitiativetoinformtheboardofdirectorsandcooperatewiththeCompanyinfulfillingitsinformationdisclosureobligations:
(I)Asubstantialchangeintheshareholdingofashareholderwhoholdsfive
percent(5%)ormoreofthetotalequity,ortotheshareholdingproportionorcontrolovertheCompanyofthepersonineffectivecontrol,orasubstantialchangetotheultimatecontrollerandotherenterprisesunderone’scontrolwhichareengagedinthesameorsimilarbusinessastheCompany.(II)Acourtrulestoprohibitthetransferofsharesheldbythecontrolling
shareholder;orfivepercent(5%)ormoreofthetotalsharesoftheCompanyheldbyanyshareholderarepledged,frozen,judiciallyauctioned,entrusted,setupintrustorrestrictedinvotingrightsinaccordancewiththelaw;orthereisariskofforcedtransferofownership.(III)ProposedmajorassetorbusinessrestructuringoftheCompany.(IV)OthercircumstancesasprescribedbytheCSRC.Where,priortotheinformationdisclosureinaccordancewiththelaw,relevant
informationhasbeencirculatinginthemedia,orifthereareabnormaltradefluctuationsinthesecuritiesandderivativesoftheCompany,theshareholderortheultimatecontrollersshallsubmitatimelyandaccuratewrittenreporttotheCompanyandcooperatetomaketimelyandaccurateannouncementaccordingly.TheshareholdersorultimatecontrollersoftheCompanyshallneitherabusetheirrightsordominantpositionnorrequesttoprovidethemwithinsiderinformation.Article41WhentheCompanyissuessharestoqualifiedinvestors,itscontrollingshareholders,ultimatecontrollersandtherecipientshallproviderelevantinformationtotheCompanyinatimelymannerandcooperateinfulfillingitsinformationdisclosureobligations.Article42Thedirectors,seniorexecutives,shareholdersholdingfivepercent(5%)ormoreoftheshares,partiesactinginconcertandtheultimatecontrollershallsubmittotheboardofdirectorsalistofrelatedpartiesandindicatetheassociatedrelationshipsconcernedinatimelymanner.TheCompanyshallfulfillthedeliberationproceduresforrelated-partytransactionsandstrictlyimplementthevotingabstentionrulesinrelatedpartytransactions.ThepartiestothetransactionshallnotcircumventtheCompany'sprocedurestoreviewtherelated-partytransactionsandinformationdisclosureobligationsbyconcealingtheconnectedrelationshiporadoptingothermeans.Article43Ashareholderwhoholdsfivepercent(5%)ormoreofthetotalequityoftheCompanyorapersonineffectivecontrolbyacceptingacommissionortrustshallpromptlyinformtheCompanyofinformationabouttheprincipalandcooperatewiththeCompanyinfulfillingtheinformationdisclosureobligations.
Section3SuspensionandExemptionofInformationDisclosureArticle44IftheCompanyorotherinformationdisclosureobligorpossessesconclusiveandsufficientevidencedemonstratingthattheinformationproposedfordisclosureinvolvesnationalsecretsorothermatterswhosedisclosuremayresultinbreachesofnationalconfidentialityregulationsormanagementrequirements,suchdisclosureshallbeexemptedinaccordancewiththelaw.WhereinformationproposedfordisclosurebytheCompanyorotherinformationdisclosureobligorinvolvescommercialsecretsorconfidentialcommercial
information(hereinaftercollectivelyreferredtoas“commercialsecrets”)andmeetsanyofthefollowingcircumstanceswhileremainingundisclosedoruncompromised,disclosuremaybesuspendedorexemptedinaccordancewithrelevantCSRCregulations,(I)Wheretheinformationconstitutescoretechnologicalinformation,etc.,anddisclosuremayleadtounfaircompetition.(II)WheretheinformationpertainstotheCompany'sownbusinessdetailsorthebusinessdetailsofclients,suppliers,orotherparties,anddisclosuremayinfringeupontheCompany'sorsuchparties'commercialsecretsorcausesubstantialdetrimenttotheirinterests.(III)WheredisclosuremayotherwisecausesubstantialdetrimenttotheinterestsoftheCompanyorotherparties.Article45Incaseoftheoccurrenceoftheanyofthefollowingcircumstancesafteraninformationdisclosureobligorhassuspendedorbeenexemptedfromdisclosingcommercialsecrets,disclosureshallbemadepromptly.(I)Thecausesforsuspensionorexemptionhaveceasedtoexist;(II)Therelevantinformationhasbecomedifficulttokeepconfidential;(III)Therelevantinformationhasbeendisclosedorspreadoutinthemarket.Article46WheretheCompanysuspendsorexemptsdisclosureofrelevantinformation,thesecretaryoftheboardshallpromptlyrecordsuchmatters,whichshallbedulysignedoffbythechairmanoftheboardbeforebeingproperlyarchivedforsafekeeping.Article47TheCompanyshallestablishpoliciesforthesuspensionandexemptionofinformationdisclosure.
Section4ManagementonInformationDisclosureFilingArticle48ThedocumentsandinformationrelatedtothedisclosureaccordingtoprovisionsofthisManagementPolicyshallbefiledbythedepartmentofsecuritiesandlegalaffairsandmanagedinaccordancewiththeCompany'sfilemanagementpolicy.Article49TheperformanceofdutiesbydirectorsoftheCompanyshallberecorded
bythedepartmentofsecuritiesandlegalaffairs.Theperformanceofdutiesbyseniorexecutivesshallberecordedbythegeneralofficeoftheheadquarter.RecordspertainingtotheperformanceofdutiesbyboarddirectorsandseniorexecutivesshallbemanagedinaccordancewiththeCompany'sarchivemanagementsystem.
Section5ConfidentialityMeasuresforUndisclosedInformationArticle50ApersonwhogetstoknowanyundisclosedandmaterialinformationoftheCompanybeforeitisdisclosedshallberesponsibleforkeepingitconfidential.Article51Theboardofdirectorsshalltakenecessarymeasurestominimizethenumberofinsidersbeforethedisclosureofanymaterialinformation.Article52TheCompanyshallimplementaregistrationmanagementsystemforthosewhoholdinsiderinformation.Beforethedisclosureofanyinsiderinformationinaccordancewiththelaw,theCompanyshallpreparefilesaboutrelevantinsidersandreporttotheShenzhenStockExchangewithinfive(5)tradingdaysafterthefirstpublicannouncementoftheinsiderinformationinaccordancewiththelawasmaybechangedfromtimetotime.Article53Incarryingoutbusinessactivities,ifvariousdepartmentsoftheCompanyareinactualneedtoprovidenon-publicmaterialinformationtocounterparties,agents,otherinstitutionsandrelevantpersonnelwhoareunderconfidentialityobligationstotheCompanyduetospecialcircumstanceswhilepromotingbusinessactivities,theyshallrequiretherelevantinstitutionsandpersonneltosignconfidentialityagreements,otherwisetheyshallnotprovidetherelevantinformation.Article54TherelevantdepartmentsoftheCompanyshallcarefullyreviewthecontentsofreportsatlargeandimportantinternalmeetingsaswellasspeechesandwrittenmaterialspreparedformeetingsheldbythecontrollingshareholders.Regardinganyrelevantundisclosedandmaterialinformation,thescopeofcommunicationshallbelimited,andconfidentialityrequirementsshallbemadetothereportdraftersandparticipantsofthosemeetings.TheparticipantsofnormalworkingmeetingsoftheCompanyhavetheresponsibilityofconfidentialityoftherelevantimportantinformationstipulatedinthisManagementPolicy.Section6ManagementandReportingonInformationDisclosureAffairsof
DepartmentsandSubsidiaries
Article55TheheadsofdepartmentsandsubsidiariesoftheCompanyshallbetheprimarypersonresponsibleforthemanagementandreportingofinformationdisclosurerelatingtoitsaffairs.TheheadsofdepartmentsandsubsidiariesshallappointadesignatedpersonresponsibleforthemanagementofrelevantinformationdisclosuredocumentsandmaterialsandreportingtothesecretaryoftheboardoftheCompanyinatimelymanneranymaterialinformationrelatedtothedepartment(orthesubsidiary).Article56TheCompany'scontrolledsubsidiariesshallrefertomaterialeventsprescribedbythisManagementPolicyandreportinwritingtothesecretaryoftheboardoftheCompanyinatimelymannerthecorrespondingeventsoccurringintheircompanies,andthesecretaryshallberesponsibleforthedisclosureofinformationinaccordancewiththeprovisionsofthisManagementPolicy.Section7StandingInstitutionandContactsforInformationDisclosureArticle57ThedepartmentofsecuritiesandlegalaffairsoftheCompanyisitsstandinginstitutionforinformationdisclosureandinvestorreceptionwiththefollowingcontactdetails.
Tel：010-56718110E-mail：
IRChina@adama.com
Chapter5InternalControlandSupervisionofFinancialManagementand
AccountingArticle58TheCompanyestablishesandimplementsaninternalcontrolsystemforfinancialmanagementandaccounting.TheinternalauditdepartmentshouldconductregularoradhocoversightsandreportperiodicallytotheAuditCommitteeoftheboardofdirectorsasrequired.
Chapter6LegalLiabilitiesArticle59ThedirectorsandseniorexecutivesoftheCompanyshallberesponsibleforthetruthfulness,accuracy,completeness,timelinessandfairnessofinformationdisclosure,exceptcaseswithsufficientevidencefortheirdiligencetohaveperformed
theirduties.Thechairman,theCEO,andsecretaryoftheboardshallbeprimarilyresponsibleforthetruthfulness,accuracy,completeness,timelinessandfairnessoftheinformationdisclosedinanyinterimreportoftheCompany.Thechairman,theCEOandtheCFOoftheCompanyshallbeprimarilyresponsibleforthetruthfulness,accuracy,completeness,timelinessandfairnessofthedisclosedfinancialstatementsoftheCompany.Article60IfanynegligenceofthepartiesrelatedtotheinformationdisclosurecoveredbythisManagementPolicycausesviolationoflawsofinformationdisclosureandconsequentiallytriggersseriousimpactorlosstotheCompany,thepersonresponsibleshallbecriticized,warned,orevendismissedfromhisorherposition.Article61TheCompanyreservestherighttopursuetheresponsibilityofconsultants,staffofagentsandassociateshiredbytheCompanyifanyofthesedisclosestheCompany'sinformationwithoutauthorizationandcauselosses.
Chapter7SupplementaryProvisionsArticle62ThisManagementPolicyshallbeinterpretedandamendedbytheboardofdirectorsoftheCompany.Article63IncaseofanymattersnotcoveredbythisManagementPolicyoranyconflictbetweenthisManagementPolicyandrelevantlaws,administrativeregulations,regulatorydocumentsandotherrelevantprovisions,thelattershallprevail.Article64ThisManagementPolicyshalltakeeffectfromthedateofapprovalbytheboardofdirectorsoftheCompany,replacingthe"InformationDisclosureAffairsManagementPolicy"(revisedinMarch2022)adoptedattheNinthMeetingoftheNinthSessionoftheBoardofDirectors.
BoardofDirectorsofADAMALtd.
October28,2025