th
Meeting of the 9
thSession of the Board of Supervisors
The 8
th Meeting of the 9
thSession of the Board of Supervisors of ADAMA Ltd.(hereinafter referred to as the “Company”) was held via an on-site and video conferencemeeting on March 17, 2023 following notifications sent to all the supervisors by emailof March 1, 2023. Three supervisors were entitled to attend the meeting and threesupervisors attended.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 2022 Working Report of the Board of SupervisorsThis proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.This proposal is subject to the approval of the Shareholders.In 2022, the Board of Supervisors of the Company (hereinafter referred to as “BOS”)strictly abided by the laws, regulations, Articles of Association of the Company, andRules of Procedures of the BOS to perform the fiduciary and diligence duty, and gave afull play to its role.I. Meetings in the Reporting PeriodDuring the reporting period, there were four BOS meetings.
Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2023-13The 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.
1. The 4
th meeting of the 9
thsession of the BOS on March 29, 2022 approved 2021 BOSWorking Report, 2021 Annual Report and other five proposals.
2. The 5
th meeting of the 9
thsession of the BOS on April 27, 2022 approved the Q1 2022Report.
3. The 6
th
meeting of the 9
thsession of the BOS on August 29, 2022 approved theproposal on the 2022 Semi-Annual Report and its Abstract.
4. The 7
th meeting of the 9
thsession of the BOS on October 26, 2022 approved Q3 2022Report.II. Supervisory Opinions of BOSThe members of the BOS attended all the BOD meetings and the Shareholders Meetingin 2022, discussed the major issues of the Company, and fully expressed theirindependent opinions.BOS of the Company has no disagreement on the matters of the Company in 2022.
2. Proposal on the 2022 Annual Report and its Abstract
After reviewing, the Board of Supervisors confirm that the preparing and reviewingprocedures of the 2022 Annual Report adopted by the Board of Directors are in linewith the requirements of the laws, the regulations, and the provisions of CSRC. Thecontents of the 2022 Annual Report and its Abstract are true, accurate and completewith no false or misleading statement or material omission.This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
3. Proposal on the 2022 Financial Statements
This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
4. Proposal on the Pre-Plan of the 2022 Dividend DistributionThis proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
5. Proposal on the Self-Assessment Report on the 2022 Internal Control of theCompany
The Board of Supervisors are of the opinion that the Company has established aninternal control system, which meets the requirements of relevant laws and regulationsand the actual needs of the Company’s production and operation management, and canbe effectively implemented, ensuring the normal development of the Company’sbusiness activities, and protecting the safety and integrity of the Company’s assets. TheCompany’s Assessment Report on Internal Control meets the requirements of the BasicStandards of Enterprise Internal Control. The report truly and objectively evaluates theestablishment and implementation of the Company’s internal control system.This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
6. Proposal on the Engagement with an Audit Firm for the Audit of the Financial
Statements and Internal Control of the Company for 2023This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
It is hereby announced.
Board of Supervisors of ADAMA Ltd.
March 21, 2023