th
Meeting of the 9
th
Session of the Board of Directors
The 12
th
Meeting of the 9
th
Session of the Board of Directors of ADAMA Ltd.(hereinafter referred to as the “Company”) was held via circulation of the resolution onApril 27, 2022 following notifications sent to all the directors on April 19, 2022. Beforethe meeting, the Company’s 11th Meeting of the 9th Session of the Board of Directorsdiscussed the relevant proposals by video conference. Five directors were entitled toparticipate in the circulation and five directors participated.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 Q1 2022 Report
This proposal was passed with 5 affirmative votes, 0 negative votes and 0 abstentions.For details, please refer to the Q1 2022 Report disclosed on April 28, 2022.
2. Proposal on the Management Measures for the Delegation of Certain Powers
of the Board of Directors to the Chief Executive Officer of ADAMA Ltd.In order to deepen the reform of the State-Owned Enterprise and improve the efficiencyof decision-making, the Board of Directors formulated the Management Measures forthe Delegation of Certain Powers of the Board of Directors to the Chief ExecutiveOfficer of ADAMA Ltd. according to the Articles of Association, the Rules of Procedureof the Board of Directors of the Company, and other relevant laws, administrativeregulations and normative documents and based on the Company’s managementpractice. For details, please refer to the Measures disclosed on the same day.
Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2022-19The 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.
This proposal was passed with 5 affirmative votes, 0 negative votes and 0 abstentions.It is hereby announced.
Board of Directors of ADAMA Ltd.
April 28, 2022