Prior approval opinions of independent directors on matters related to the seventh meeting of the ninth board of directors
In accordance with the company law of the people’s Republic of China, the guiding opinions on the establishment of independent director system in listed companies and other laws, regulations and normative documents, as well as the articles of association, independent director system and other relevant provisions, we, as an independent director of Adama Ltd(000553) (hereinafter referred to as the “company”), based on our independent judgment, The company has conducted a pre audit on matters related to the seventh meeting of the ninth board of directors and expressed the following opinions: 1 The company plans to sign the entrusted operation and management agreement of Anhui Petrochemical Group Co., Ltd. with China Chemical agrochemical Co., Ltd. (hereinafter referred to as “agrochemical company”), which is reasonable and conducive to solving the potential horizontal competition between companies.
The related party transaction arrangement including price is fair, and there is no behavior damaging the interests of the company, non related shareholders and minority shareholders. 2. We approved in advance that the company intends to sign the entrusted operation and management agreement of Anhui Petrochemical Group Co., Ltd. with agrochemical company and agreed to submit it to the board of directors for deliberation. When the board of Directors considers the connected transaction, the connected directors Mr. Erik fyrwald and Mr. Chen Lichtenstein must withdraw from voting.
(this page is the signature page of Adama Ltd(000553) independent directors’ prior approval opinions on matters related to the seventh meeting of the ninth board of directors) signature of independent directors:
Ge mingxizhen
December 29, 2021
