StockCode:000553(200553) StockAbbreviation:SanondaA(B)NO.2019-1
ADAMALtd.
PreliminaryAnnouncementontheIntendedAcquisitionof100%oftheEquityInterestsinJiangsuAnponElectrochemicalCo.,Ltd.,ina
Related-PartyTransaction
TheCompanyandallmembersoftheCompany’sBoardofDirectorsconfirmthatallinformationdisclosedhereinistrue,accurateandcomplete,withnofalseormisleadingstatementormaterialomission.
Pleasebeaware:
1.Allrelevantpartieshavereachedinitialunderstandingsregardingthisintendedtransaction.TheseunderstandingshavenotyetbeensubmittedtotheBoardofDirectorsfordeliberation.Thedetails(includingthepurchaseprice)ofthisTransactionarestillsubjecttothedefinitiveequitypurchaseagreementtobesignedbyallparties.
2.ThisTransactionissubjecttorequisitedecision-makingandcustomaryapprovalprocedures.Therefore,thisTransactionremainssubjecttouncertainty.
I.OverviewoftheTransaction
ADAMALtd.(“Company”)intendstoacquire100%oftheequityinterests(“TargetEquities”)inJiangsuAnponElectrochemicalCo.,Ltd.(“Anpon”)fromCNACInternationalCompanyLimited(“Seller”or“CNACInternational”)(“Transaction”).TheSellerisawhollyownedsubsidiaryofChinaNationalAgrochemicalCorporation(“SellerParent”or“CNAC”)anditisdeemedasarelatedpartyoftheCompany.Therefore,theTransactionwillbearelated-partytransaction.
ThisTransactionwillnotconstituteamaterialassetsrestructuringasstipulatedbytheAdministrativeMeasuresonSignificantAssetRestructuringofListedCompanies.
II.Basicinformationofthecounterparties
(I)CNACInternationalCompanyLimited
(1)Companyname:CNACInternationalCompanyLimited
(2)Natureofenterprise:Privatelimitedcompany
(3)Registeredaddress:17/F,SHINGLEECOMMERCIALBUILDING,6-12WINGKUTSTREET,CENTRAL,HK
(4)Director:ChenHongbo
(5)Registeredcapital:RMB7,178,289,345.11
(6)BusinessregistrationcertificateNo.:53630355-000-01-18-9
(7)Mainbusiness:holdingandinvestment
(8)Controllingshareholder:CNAC
(9)Creditstatus:AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,theSellerisnotadishonestpartysubjecttoenforcement.
2.Related-partyrelationship:TheSellerisawhollyownedsubsidiaryofCNAC,thecontrollingshareholderoftheCompany.TheSellerandtheCompanyareundercommoncontrolofCNAC,inwhichcasetheSellerisarelatedpartyoftheCompany.(II)ChinaNationalAgrochemicalCorporation
1.Basicinformation
(1)Companyname:ChinaNationalAgrochemicalCorporation
(2)Natureofenterprise:Limitedliabilitycompany(soleproprietorshipbylegalperson)
(3)Registeredaddress:No.62,BeisihuanWestRoad,HaidianDistrict,Beijing
(4)Legalrepresentative:ChenHongbo
(5)Registeredcapital:RMB3,338,219,564.48
(6)Unifiedsocialcreditcode:91110000100011399Y
(7)Businessscope:Agrochemicalandchemicalproductsandchemicalraw
materials (excluding hazardous chemicals); procurements and sales of
electromechanicalequipment,electricalequipment,automaticcontrolsystem,instrument,constructionmaterials,industrialsalt,naturalrubberandproducts,
materials;salesoffertilizer;cargowarehousing;importandexportbusiness;technicalconsultant,service,developmentandtesting;productionofgeneticallymodifiedcropseeds(excludingthesixcentralareasofBeijingcity);salesofcropseeds,grassseedsandediblefungusstrains.(Thecompanyshalllawfullyandindependentlyselectitsbusinessprojectsandconductbusinessactivities;thebusinessactivitieswhichrequireapprovalsshallbeconductedafterobtainingsuchapprovalsfromrelevantauthoritiesinaccordancewiththeapprovedscopes;andthecompanyisprohibitedtoinvolveinthebusinessactivitieswhichisprohibitedorrestrictedbythecity’sindustrypolicies.)(8)Controllingshareholder:ChinaNationalChemicalCorporation(“ChemChina”)(9)Creditstatus:AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,CNACisnotadishonestpartysubjecttoenforcement.
2.Related-partyrelationship:CNACisthecontrollingshareholderoftheCompany,whichisdeemedasarelatedpartyoftheCompany.
III.Basicinformationofthetargetassets
1.Companyname:JiangsuAnponElectrochemicalCo.,Ltd.
2.Shareholdingstructure:TheSellerholdsandowns100%oftheequityinterestsinAnpon.
3.Businessscope:Producingchemicalmaterialsandchemicalproducts(ifbusinessactivitiesinvolvehazardouschemicals,precursorchemicalsorcontrolledchemicalswhichrequirelicenses,suchactivitiesarelimitedtothepermittedscopeasindicatedinrelevantlicensessuchasSafetyProductionLicense);producingchemicalproducts(preparation);wholesalinghazardouschemicals(limitedtothescopeasindicatedinBusinessLicenseofHazardousChemicals);exploitingundergroundrocksalt;exportingself-producedpesticidesandchemicalproducts;inspectingweldedgascylinder;producingsteamandgeneratingelectricitywithwasteheat;producingandsellingpackagedgoods;printinglabelsofcarton;exportbusinessofself-producedproductsandtechnology;importbusinessofrawmaterials,machineryequipment,componentsandtechnologywhichareneededforproducingandresearch;supplyingself-producedhotwater(excludingdrinkingwater);pesticidebusiness(excluding
requireregulatoryapprovalsshallbeoperatedafterobtainingsuchapprovalsfromrelevantauthorities).
4.Registeredca
