th
Meeting of the 8
th
Session of the Board of Directors
The 16
th Meeting of the 8
th
Session of the Board of Directors of ADAMA Ltd.(hereinafter referred to as “Company”) was held via on-site and video meeting onAugust 21, 2019 following notifications to all the Directors by email. Five directorswere entitled to attend the meeting and five directors 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
This proposal was passed with 5 affirmative votes, 0 negative votes, and 0 abstentions.
2. 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 5 affirmative votes, 0 negative votes, and 0 abstentions.
3. Proposal on the Change in Accounting Policy
This proposal was passed with 5 affirmative votes, 0 negative votes and 0 abstentions.For details, please refer to the Announcement on the Change in Accounting Policy.
4. Proposal on the Risk Appraisal Report of ChemChina Finance Co., Ltd.For the purpose of securing the funds of the Company deposited in ChemChina FinanceCo., Ltd., the Company evaluated the business, qualifications, and the status of the riskof ChemChina Finance Co., Ltd., and issued a Risk Appraisal Report.
Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No. 2019-41The Company and all members of its Board of Directors confirm that all theinformation disclosed herein is true, accurate and complete with no false ormisleading statement or material omission.
The related-director Yang Xingqiang refrained from voting. This proposal was passedwith 4 affirmative votes, 0 negative votes, and 0 abstentions.
5. Proposal on Providing Guarantees in Favor of Certain Subsidiary’s LoansThe Board of Directors approved providing joint liability guarantees for certain loansof Jiangsu Anpon Electrochemical Co., Ltd. For details, please see the Announcementon the Guarantees to be Provided by the Company in Favor of Certain Subsidiary’sLoans published on www.cninfo.com.cn on the same day.This proposal was passed with 5 affirmative votes, 0 negative vote and 0 abstention.
It is hereby announced.
Board of Directors of ADAMA Ltd.
August 22, 2019