StockCode:000553(200553) StockAbbreviation:ADAMAA(B) AnnouncementNo.2019-16
ADAMALtd.
AnnouncementontheAcquisitionof100%oftheEquityInterestsinJiangsu
AnponElectrochemicalCo.,Ltd.,inaRelated-PartyTransaction
TheCompanyandallmembersoftheCompany’sBoardofDirectorsconfirmthatallinformationdisclosedhereinistrue,accurateandcomplete,withnofalseormisleadingstatementormaterialomission.
I.Overviewofrelated-partytransaction
ADAMALtd.(“Company”)intendstoacquire100%equityinterests(“TargetEquities”)inJiangsuAnponElectrochemicalCo.,Ltd.(“Anpon”)fromCNACInternationalCompanyLimited(“Seller”or“CNACInternational”).On[March19,2019],theCompanysignedtheEquityInterestTransferAgreementwiththeSellerandChinaNationalAgrochemicalCorporation(“SellerParent”or“CNAC”).
TheSellerParentisthecontrollingshareholderoftheCompany.TheSellerisawhollyownedsubsidiaryoftheSellerParent.ThereforebothpartiesaredeemedasrelatedpartiesoftheCompany,andthisTransactionisarelated-partytransaction.
AccordingtotheListingRulesofShenzhenStockExchangeandtheArticlesofAssociationoftheCompany,thisTransactionshallbeapprovedbytheBoardofDirectorsoftheCompanyanddoesnotrequireshareholder’sapproval.The12thMeetingofthe8thsessionoftheBoardofDirectorsoftheCompanyhasapprovedthistransaction.AmongthefivedirectorsoftheCompany,thetworelated-partydirectors(Mr.YangXingqiangandMr.AnLiru)refrainedfromvoting,whilefromtheremainingthreedirectors,therewerethreeaffirmativevotes,zeronegativevotesandzeroabstentions.
TheIndependentDirectorshaveissuedtheirpriorwrittenconsentandindependentopinionsonthisTransaction.
ThisTransactiondoesnotconstituteaMaterialAssetsrestructuringasstipulatedby
ThisTransactionisnotsubjecttotheapprovalofshareholders’meeting.ChinaNationalChemicalCorporationLtd.,asthesupervisingauthorityofthestate-ownedassets,itsworkingmeetingofthegeneralmanagerhasapprovedthisTransaction.Ithasalsocompletedthefillingprocedureoftheassetsappraisal.
TheCompanywilltimelydisclosetherelevantinformationaccordingtotheprogressofthisTransaction.
II.Basicinformationoftherelatedparties
(I)CNACInternationalCompanyLimited
1.Basicinformation
(1)Companyname:CNACInternationalCompanyLimited
(2)Natureofenterprise:Privatelimitedcompany
(3)Registeredaddress:17/F,SHINGLEECOMMERCIALBUILDING,6-12WINGKUTSTREET,CENTRAL,HK
(4)Mainoffice:17/F,SHINGLEECOMMERCIALBUILDING,6-12WINGKUTSTREET,CENTRAL,HK
(5)Director:ChenHongbo
(6)Registeredcapital:RMB7,178,289,345.11
(7)BusinessregistrationcertificateNo.:53630355-000-01-18-9
(8)Mainbusiness:holdingandinvestment
(9)Controllingshareholder:CNAC
2.Keyfinancialfiguresofthelatestfinancialyear(Unaudited):
(1)Revenue:RMB0
(2)Netprofit:RMB-1,576.95million
(3)Netasset:RMB3,727.74million
Parent,thecontrollingshareholderoftheCompany.TheSellerandtheCompanyareundercommoncontroloftheSellerParent,andthereforetheSellerisarelatedpartyoftheCompany.
4.Creditstatus:AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,theSellerisnotadis-honestpartysubjecttoenforcement.
(II)ChinaNationalAgrochemicalCorporation
1.Basicinformation
(1)Companyname:ChinaNationalAgrochemicalCorporation
(2)Natureofenterprise:Limitedliabilitycompany(soleproprietorshipbylegalperson)
(3)Registeredaddress:No.62,BeisihuanWestRoad,HaidianDistrict,Beijing
(4)Mainoffice:No.62,BeisihuanWestRoad,HaidianDistrict,Beijing
(5)Legalrepresentative:ChenHongbo
(6)Registeredcapital:RMB3,338,219,564.48
(7)Unifiedsocialcreditcode:91110000100011399Y
(8)Businessscope:Agrochemicalandchemicalproductsandchemicalraw
materials (excluding hazardous chemicals); procurements and sales of
electromechanicalequipment,electricalequipment,automaticcontrolsystem,instrument,constructionmaterials,industrialsalt,naturalrubberandproducts,computersoftwareandhardware,officeautomationequipmentandtextilerawmaterials;salesoffertilizer;cargowarehousing;importandexportbusiness;technicalconsultant,service,developmentandtesting;productionofgeneticallymodifiedcropseeds(excludingthesixcentralareasofBeijingcity);salesofcropseeds,grassseedsandediblefungusstrains.(Thecompanyshalllawfullyandindependentlyselectitsbusinessprojectsandconductbusinessactivities;thebusinessactivitieswhichrequireapprovalsshallbeconductedafterobtainingsuchapprovalsfromrelevantauthoritiesinaccordancewiththeapprovedscopes;andthecompanyisprohibitedtoinvolvein
(9)Controllingshareholder:ChinaNationalChemicalCorporation
2.Keyfinancialfiguresofthelatestfinancialyear(Unaudited):
(1)Revenue:RMB 31,650.09million
(2)Netprofit:RMB500.60million
(3)Netasset:RMB25,569.92million
3.Related-partyrelationship:CNACisthecontrollingshareholderoftheCompany,whichisdeemedasarelatedpartyoftheCompany.
4.Creditstatus:AftersearchingonthewebsiteofdisclosureofenforcementinformationofChina,CNACisnotadis-honestpartysubjecttoenforcement.
III.Basicinformationofthetargetoftherelated-partytransaction
(I)Overviewofthetargetassets
1.Targetassets:100%equityinterestsinAnponownedbytheSeller
2.Assetcategory:equityinvestme
