安道麦B: 第十届董事会第八次会议决议公告（英文版）

Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2024-59
                                     ADAMA Ltd.
             Announcement of the Resolutions of the 8th
      Meeting of the 10th Session of the Board of Directors
      The Company and all members of its board of directors hereby confirm that all
      information disclosed herein is true, accurate and complete with no false or
      misleading statement or material omission.
     The 8th Meeting of the 10th Session of the Board of Directors of ADAMA Ltd.
     (hereinafter referred to as the “Company”) was held via video and on-site conference
     on December 18, 2024 following notifications sent to all the directors by email on
     December 15, 2024. Six directors were entitled to attend the meeting and six directors
     attended.
     The meeting complies with all relevant laws and regulations as well as the Articles of
     Association of the Company. The following resolutions were deliberated:
     This proposal was passed with 6 affirmative votes, 0 negative votes and 0 abstentions.
        and Management Agreement on Anhui Petro & Chemical
     On December 31, 2021, an Entrusted Operation and Management Agreement
     (hereinafter as “Agreement”) was signed by and between the Company and China
     National Agrochemical Co., Ltd. (hereinafter as “CNAC”), according to which, during
     the entrustment period, the Company shall be entrusted with the management rights
     held by CNAC over Anhui Petroleum & Chemical Group Co., Ltd. (hereinafter as
     “Anhui Petro & Chemical”). The Company shall receive entrustment fees from CNAC,
     the entrustment period under the Agreement shall be two years (as detailed in the
     Announcement on Signing of an Entrusted Operation and Management Agreement with
     a Related Party disclosed by the Company on January 4th, 2022).
On December 29, 2023, the Company, Adama (China) Investment Co., Ltd. (hereinafter
referred to as "ADAMA China") and CNAC signed the Supplemental Agreement to the
Entrusted Operation and Management Agreement (hereinafter as the “Supplemental
Agreement”), in which all parties agreed to extend the entrustment period under the
Agreement for one year until December 31, 2024 (as detailed in the Announcement of
the Resolutions of the 29th Meeting of the 9th Session of the Board of Directors
disclosed by the Company on December 30, 2023).
Given that the entrustment period under the Agreement and the Supplemental
Agreement is about to expire, the Board approves the Company and ADAMA China to
sign Supplemental Agreement II to the Entrusted Operation and Management
Agreement (“Supplemental Agreement II”) with CNAC (“Transaction”). The
Transaction constitutes related-party transaction.
Main contents of the Supplemental Agreement II are as follows:
（1）CNAC and the Company unanimously agree to extend the entrustment period
under the Agreement and the Supplemental Agreement for one year until December 31,
（2） The entrustment fees shall be paid by CNAC to ADAMA China.
（3）The Agreement and the Supplemental Agreement shall, except as amended by the
Supplemental Agreement II, remain in full force and effect.
The related directors, Mr. Qin Hengde and Mr. An Liru, refrained from voting. This
proposal was passed with 4 affirmative votes, 0 negative votes and 0 abstentions.
The Company’s Specialized Meeting of Independent Directors was held to consider
this proposal and issued approval opinion.
   Subsidiaries
The Board of Directors approves that its wholly-owned subsidiary Adama Agricultural
Solutions Ltd. will provide joint and several liability guarantees to relevant banks for
the financial accommodation and bank activities of its indirectly wholly-owned
subsidiaries Adama Ukraine LLC and Adama Brasil S.A.
For details, please see the Announcement on Providing Guarantees by a Wholly-owned
Subsidiary to its Subsidiaries published on www.cninfo.com.cn on the same day.
This proposal was passed with 6 affirmative votes, 0 negative votes and 0 abstentions.
This proposal subjects to the approval of shareholders of the Company.
The Board of Directors calls for the 1st interim shareholders meeting to be held on
January 3, 2025, at which a vote will be conducted by a combination of on-site votes
and online votes, to consider the abovementioned proposal 3.
This proposal was passed with 6 affirmative votes, 0 negative votes, and 0 abstentions.
It is hereby announced.
                                                  Board of Directors of ADAMA Ltd.
                                                                   December 19, 2024