Stock Code: 000553(200553) Stock Abbreviation: Sanonda A(B)
                             Announcement No. 2018-46




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



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




The 8th Meeting of the 8th Session of the Board of Directors 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 directors by email. Six
directors were entitled to attend the meeting and six directors 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

This proposal was passed with 6 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

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.
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This proposal was passed with 6 affirmative votes, 0 negative votes, and 0 abstentions.

It is hereby noticed.



                                       Board of Directors of Hubei Sanonda Co., Ltd.

                                                                     October 30, 2018




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