安道麦B：第八届董事会第二十四次会议决议公告（英文版）2020-03-31
Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2020-18
ADAMA Ltd.
Announcement of the Resolutions of the 24th
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 24th Meeting of the 8th Session of the Board of Directors of ADAMA Ltd.
(hereinafter referred to as the “Company”) was held via on-site and video conference
meeting on March 30, 2020 following notifications to all the directors by email on
March 27, 2020. 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 resolution was deliberated and adopted:
1. Proposal on the 2019 Full-Year Financial Preview
This proposal was passed with 5 affirmative votes, 0 negative votes, and 0 abstentions.
2. Proposal on Bank Loans
Based on the Company’s business and development plans, the Board of Directors
approved the Company to apply credit lines for the year 2020, including but not limited
to loans, trade finance and domestic letter of credit, from banks to meet the Company’s
operation demands.
Authorize any director, the President and CEO of the Company or anyone authorized
by him to deal with the issues related to the above loans and sign the relevant legal
documents.
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This proposal was passed with 5 affirmative votes, 0 negative votes, and 0 abstentions.
It is hereby announced.
Board of Directors of ADAMA Ltd.
March 31, 2020
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