安道麦B:第十届董事会第七次会议决议公告(英文版)

Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2024-50
ADAMALtd.
Announcement of the Resolutions of the 7th
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 7th 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 November 6, 2024 following notifications sent to all the directors by email on
November 2, 2024. Five directors were entitled to attend the meeting and five 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:
1. Proposal on the Renewal of the Financial Service Agreement with Sinochem
Finance Co., Ltd.
In order to continuously optimize financial management, improve capital efficiency,
and reduce financing costs and risks, on January 13, 2022 the Company signed a
FinancialServiceAgreement(hereinafterreferredtoas"theOriginalAgreement")with
Sinochem Finance Co., Ltd. (hereinafter referred to as the "Finance Company"),
according to which the Finance Company would provide relevant financial services to
the Company and its subsidiaries for a three-year term ending on January 12, 2025. For
details, please refer to the Announcement on the Signing of a Financial Service
Agreement with Sinochem Finance Co., Ltd., constituting a related-party transaction
(Announcement No.2021-50) disclosed on December 24, 2021.

The Company wishes to continue to receive financial services from the Finance
Company, including deposits, clearance, credit and additional financial services
approved bythe National Financial RegulatoryAdministration, and therefore wishes to
renew the Financial Service Agreement with the Finance Company. The Transaction
constitutes a related party transaction.
For details, please refer to theAnnouncement on the Intended Renewal of the Financial
Service Agreement with Sinochem Finance Co., Ltd., constituting a related-party
transaction disclosed on the same day.
The related director, Mr. Liu Hongsheng, refrained from voting. This proposal was
passed with 4 affirmative votes, 0 negative vote and 0 abstention. This proposal is
subject to the approval of the shareholders’ meeting.
The Company’s Specialized Meeting of Independent Directors was held to consider
this proposal and issued approval opinion.
2. Proposal on the Risk Appraisal Report of Sinochem Finance Co., Ltd.
ForthepurposeofsecuringthefundsoftheCompanydepositedwith SinochemFinance
Co., Ltd., the Company evaluated the business, qualifications, and the risk status of
Sinochem Finance Co., Ltd., and issued a RiskAppraisal Report.
For details, please refer to the Risk Appraisal Report of Sinochem Finance Co., Ltd.
disclosed on the same day.
The related director, Mr. Liu Hongsheng, refrained from voting. This proposal was
passed with 4 affirmative votes, 0 negative vote and 0 abstention.
The Company’s Specialized Meeting of Independent Directors was held to consider
this proposal and issued approval opinion.
3. Proposal on the Contingency Plan for Deposits at Sinochem Finance Co., Ltd.
ForthepurposeofsecuringthefundsoftheCompanydepositedwith SinochemFinance
Co., Ltd., the Company has formulated the ContingencyPlan for Deposits at Sinochem
Finance Co., Ltd..

For details, please refer to the ContingencyPlan for Deposits at Sinochem Finance Co.,
Ltd. disclosed on the same day.
The related director, Mr. Liu Hongsheng, refrained from voting. This proposal was
passed with 4 affirmative votes, 0 negative vote and 0 abstention.
The Company’s Specialized Meeting of Independent Directors was held to consider
this proposal and issued approval opinion.
4. Proposal to Change the Business Scope, Adjust the Members on the Board of
Directors and Amend the Articles of Association of the Company
（1）To change the business scope of the Company
According to the needs of business development and the regulatory requirements for
the registration and management of the business scope of all enterprises, it is proposed
to change the business scope of the Company. The specific changes are as follows:
Business scope before this change: manufacture and sale of pesticides, chemical
products (including hazardous chemicals and industrial gases), import and export of
pesticides, chemical products and intermediates, chemical machinery and equipment
and spare parts; manufacture and sale of chemical machinery and equipment;
production and installation of steel structures; installation for chemical engineering;
cargo handling and warehousing services (excluding haz