th
Meeting of the 8
thSession of the Board of Supervisors
The 10
th Meeting of the 8
th
Session of the Board of Supervisors of ADAMA Ltd.(hereinafter referred to as the “Company”) was held via on-site and video conferencemeeting on August 21, 2019 following notifications to all the supervisors by email.Three supervisors were entitled to attend the meeting and three supervisors attended.The meeting complied 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 2019 Semi-Annual Report and its Abstract
After reviewing, the Board of Supervisors confirm that the preparing and reviewingprocedures of the 2019 Semi-Annual Report adopted by the Board of Directors are inline with the requirements of the laws, the regulations, and the provisions of CSRC. Thecontents of the 2019 Semi-Annual Report are true, accurate and complete with no falseor misleading statement or material omission.
This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
2. Proposal on the Changes in the Accounting Policy
The Changes are based on the requirements of the Notice of the Ministry of Finance and arein line with the relevant regulations of the Ministry of Finance. No interests of theCompany and its shareholders will be harmed by the Changes.
Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2019-46The 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.
This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
3. Proposal on the Special Report on the Deposit and Actual Usage of the RaisedFunds in the First Half-Year of 2019This proposal was passed with 3 affirmative votes, 0 negative votes, and 0 abstentions.It is hereby announced.
Board of Supervisors of ADAMA Ltd.
August 22, 2019