Stock Code: 000553(200553) Stock Abbreviation: Sanonda A(B)
                             Announcement No. 2018-47




                       Hubei Sanonda Co., Ltd.
            Announcement of Resolutions of the 7th
Meeting of the 8th Session of the Board of Supervisors

 The Company and all members of its board of directors hereby confirm that the
 content of information disclosure is true, accurate, complete and without any false
 record, misleading statements or major omissions.




The 7th Meeting of the 8th Session of the Board of Supervisors of Hubei Sanonda Co.,
Ltd. (hereinafter referred to as “Company”) was held via on-site and video conference
meeting on October 30, 2018 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, regulations and the Articles of
Association of the Company. The following resolutions were deliberated and adopted:

1. Proposal on the Q3 2018 Report

After review, the Board of Supervisors hereby confirms that the preparing and
reviewing procedures of the Q3 2018 Report adopted by the Board of Directors are in
line with the requirements of the laws, the regulations, and the provisions of the CSRC.
The content of the Q3 2018 Report is true, accurate, complete and without any false
record, misleading statements or major omissions.


This proposal was passed with 3 affirmative votes, 0 negative votes, and 0 abstentions.

2. Proposal on the Application of Designated Raised Funds by Way of
   Investment in Wholly Owned Subsidiaries of the Company


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For facilitating the implementation of the designated projects included in the Project of
Share Issuance for Assets Purchase and Supporting Finance, the Company will inject
RMB 69,000,000 of the designated raised funds into Adama Agricultural Solutions Ltd.
(“Solutions”), a wholly owned subsidiary of the Company. Thereafter, Solutions will
invest RMB 34,500,000, into each of Adama Agan Ltd., and Adama Makhteshim Ltd.,
the entities that will implement the relevant designated projects. The above funds shall
be used on the projects of R&Ds and registrations, fixed-assets investment of Adama.

This proposal was passed with 3 affirmative votes, 0 negative votes, and 0 abstentions.

It is hereby noticed.



                                     Board of Supervisors of Hubei Sanonda Co., Ltd.

                                                                      October 30, 2018




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