th
Meeting of the 9
thSession of the Board of Supervisors
The 4
th
Meeting of the 9
th
Session of the Board of Supervisors of ADAMA Ltd.(hereinafter referred to as the “Company”) was held via an on-site and video conferencemeeting on March 29, 2022 following notifications sent to all the supervisors by emailof March 25, 2022. Three supervisors were entitled to attend the meeting and threesupervisors attended.The meeting complies with all relevant laws and regulations as well as the Articles ofAssociation of the Company. The following resolutions were deliberated and adopted:
1. Proposal on the 2021 Working Report of the Board of SupervisorsThis proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.This proposal is subject to the approval of the Shareholders.In 2021, the Board of Supervisors of the Company (hereinafter referred to as “BOS”)strictly abided by the laws, regulations, Articles of Association of the Company, and Rulesof Procedures of the BOS to perform the fiduciary and diligence duty, and gave a full playto its role.I. Meetings in the Reporting PeriodDuring the reporting period, there were five BOS meetings.
Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2022-11The Company and all members of its board of supervisors hereby confirm that allinformation disclosed herein is true, accurate and complete with no false ormisleading statement or material omission.
1. The 16
th meeting of the 8
th
session of the BOS on March 29, 2021 approved 2020 BOSWorking Report, 2020 Annual Report and other five proposals.
2. The 17
th meeting of the 8
th
session of the BOS on April 28, 2021 approved the Q1 2021Report and the Proposal on the Nomination of Non-employee Supervisors to Compose the9th Session of the BOS.
3. The 1
st
meeting of the 9
thsession of the BOS on June 28, 2021 approved the Proposal onElection of the Chairman of the 9th Session of the Board of Supervisors.
4. The 2
nd
meeting of the 9
th
session of the BOS on August 24, 2021 approved the 2021Semi-Annual Report and the Special Report on the Deposit and Actual Usage of the RaisedFunds in the First Half of 2021.
5. The 3
rd meeting of the 9
th
session of the BOS on October 27, 2021 approved Q3 2021Report.II. Supervisory Opinions of BOSThe members of the BOS attended all the BOD meetings and the Shareholders Meeting in2021, discussed the major issues of the Company, and fully expressed their independentopinions.BOS of the Company has no disagreement on the matters of the Company in 2021.
2. Proposal on the 2021 Annual Report and its Abstract
After reviewing, the Board of Supervisors confirm that the preparing and reviewingprocedures of the 2021 Annual Report adopted by the Board of Directors are in linewith the requirements of the laws, the regulations, and the provisions of CSRC. Thecontents of the 2021 Annual Report and its Abstract are true, accurate and completewith no false or misleading statement or material omission.This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
3. Proposal on the 2021 Financial Statements
This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
4. Proposal on the Pre-Plan of the 2021 Dividend Distribution
This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
5. Proposal on the Self-Assessment Report on the 2021 Internal Control of theCompanyThe Board of Supervisors are of the opinion that the Company has established aninternal control system, which meets the requirements of relevant laws and regulationsand the actual needs of the Company’s production and operation management, and canbe effectively implemented, ensuring the normal development of the Company’sbusiness activities, and protecting the safety and integrity of the Company’s assets. TheCompany’s Assessment Report on Internal Control meets the requirements of the BasicStandards of Enterprise Internal Control. The report truly and objectively evaluates theestablishment and implementation of the Company’s internal control system.This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
6. Proposal on the Engagement with an Audit Firm for the Audit of the FinancialStatements and Internal Control of the Company for 2022This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
7. Proposal on the Special Report on the Deposit and Actual Use of the RaisedFunds in 2021This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
It is hereby announced.
Board of Supervisors of ADAMA Ltd.
March 31, 2022