Stock Code: 000553(200553)      Stock Abbreviation: ADAMA A(B) Announcement No.2019-35



                                       ADAMA Ltd.
                 Announcement of Resolution of the 15th
       Meeting of the 8th 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 15th Meeting of the 8th Session of the Board of Directors of ADAMA Ltd.
     (hereinafter referred to as the “Company”) was held via circulation of the resolution
     and the related documents on May 17, 2019 following notifications to all the directors
     by email. Five directors were entitled to participate in the circulation and five directors
     participated.


     The meeting complies with all relevant laws and regulations as well as the Articles of
     Association of the Company. The following resolution was deliberated and adopted:


     1. Proposal on Providing Guarantees in Favor of a Subsidiary


        The Board of Directors approves to provide joint liability guarantees for the loans of
     Jiangsu Anpon Electrochemical Co., Ltd. For details, please see the Announcement on
     the Guarantees to be Provided by the Company in Favor of a Subsidiary (No. 2019-36)
     published on www.cninfo.com.cn on the same day.


     This proposal was passed with 5 affirmative votes, 0 negative vote and 0 abstention.

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This proposal subjects to the approval of shareholders of the Company.


It is hereby announced.




                                                 Board of Directors of ADAMA Ltd.

                                                                         May 18, 2019




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