StockCode:000553(200553) StockAbbreviation:ADAMAA(B) AnnouncementNo.2019-24
ADAMALtd.
AnnouncementontheProgressoftheAcquisitionof100%ofthe
EquityInterestsinJiangsuAnponElectrochemicalCo.,Ltd.
TheCompanyandallmembersoftheCompany’sBoardofDirectorsconfirmthatallinformationdisclosedhereinistrue,accurateandcomplete,withnofalseormisleadingstatementormaterialomission.
1.OverviewofthisTransaction
ADAMALtd.(the“Company”)executedtheEquityInterestTransferAgreementinrelationtotheacquisitionof100%oftheEquityInterestsinJiangsuAnponElectrochemicalCo.,Ltd.(“Anpon”)withCNACInternationalCompanyLimited(the“Seller”)andChinaNationalAgrochemicalCo.Ltd.onMarch19,2019.PleaserefertotheAnnouncementontheAcquisitionof100%oftheEquityInterestsinJiangsu
AnponElectrochemicalCo.,Ltd.,inaRelated-PartyTransaction(No.2019-16)whichwasdisclosedonMarch21,2019,forthedetails.
2.TheProgressofthisTransaction
Asofthedatehereof,accordingtotheprovisionsoftheEquityInterestTransferAgreement,thepartiesofthisTransactionagreedthattheclosingdateofthisTransactionisMarch29,2019.TheCompanyandtherelevantpartieswillproceedwiththecommercefilingandAICregistrationprocedureswithregardtotheequityinteresttransferassoonaspossible.TheCompanywilltimelyfulfillitsinformationdisclosureobligationsinaccordancewiththefurtherprogressofthisTransaction.
Itisherebyannounced.
BoardofDirectorsofADAMALtd.
March30,2019
