Stock Code:000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No. 2021-37
ADAMA Ltd.
Special Report on the Deposit and Actual Usage of the Raised Funds
in the First Half of 2021
The Company and all members of the Company’s Board of Directors confirm that all information
disclosed herein is true, accurate and complete, with no false or misleading statement or material
omission.
This Special Report on the Deposit and Actual Usage of the Raised Funds inthe First Half of 2021
was prepared in accordance with the 'Regulatory Guidelines for Listed Companies No.2-
Regulatory Requirements for the Management and Use of Funds Raised by Listed Companies' of
China Securities Regulatory Commission(CSRC Notice [2012] No.44) and the 'Guidelines for the
Standard Operation of the Companies Listed in Shenzhen Stock Exchange' issued by the Shenzhen
Stock Exchange. Below is an explanation regarding the deposit and actual use of the raised funds
inthe first half of 2021 ( (the “Reporting Period”).
1. General informationabout the raisedfunds
(1) Amount and date of receiving the raised funds
After receiving the approval of China Securities Regulatory Commission for the issuance of
shares to China National Agrochemical Co., Ltd. acquire assets and raise supporting funds
(CSRC Permits [2017] No.1096), the Company issued 104,697,982 ordinary A shares in
December 2017, at the price of RMB14.90 per share, raising a total amount of RMB
1,559,999,931.80. After deducting the underwriting fees of RMB 28,079,998.78, the net amount
actually received was RMB 1,531,919,933.02. The net amount was received on 27 December
2017 and was verified by Deloitte Touche Tohmatsu Certified Public Accountant LLP w hich
issued a capital verification report (De Shi Bao (Yan) Zi (17) No.00540).
(2) The used amount of the raised funds inthe Reporting Period
As at 30 June 2021, the Company has utilized a cumulative amount of RMB 1,618,081,782.44 of
the raised funds, including RMB 993,372,647.40 used in previous year, and RMB 624,709,135.04
for acquisition of a 51% equity stake in ADAMA Huifeng (Jiangsu) Co., Ltd. ( Former name：
Jiangsu Kelinong Agrochemical Co., Ltd. hereninafter: “Adama Huifeng”) from Jiangsu Huifeng
Agrochemical Co., Ltd. (“Huifeng”).
The balance as at 30 June, 2021, that hasn’t been used was RMB 890,781.48, According to
'Guidelines for the Standard Operation of the Companies Listed in Shenzhen Stock Exchange', if
the remai ning raised funds (includi ng interest income) are less than RMB 5 million or less than 1%
of the net raised funds, they can be exempted from the corresponding examination and approval
procedures, and the use of the funds shall be disclosed in the annual report. The balance of the
raised funds (RMB 890,781.48 as of June 30, 2021, i ncludi ng i nterest income, and the actual
amount transferred out shall be subject to the balance of bank settlement on the date of transfer),
will be transferred into other general bank account of the Companywhen the account of the raised
funds is closed, for the permanent supplement of workingcapital.
2. Deposit and management of the raisedfunds
In order to standardize the management and use of the raised funds and prote ct the rights of
investors, the Company made a Management and Utilization Policy for the Raised Funds in
accordance with the laws and regulations and regulatory documents, such as the Management
Measures for Initial Public Offering of Shares and Listing, the Notice on Further Standardization
of the Use of Raised Funds for Listing Companies and the Listing Rules of Shenzhen Stock
Exchange etc. The management policy, which was approved at the 25th Meeting of the Seventh
Board of Directors, provides detailed regulations on the deposit, use, change of designated
projects and the management and supervisionof the raised funds.
The Company signed the Trilateral Supervision Agreement on the Special Account of Raised
Funds with Sanwan sub-branch Jingzhou Branch China Construction Bank Co. Ltd. and Guotai
Junan Securities Co., Ltd. on 22 January, 2018, and the four party Supervision Agreement on the
Special Account of Raised Funds with Guotai Junan Securities Co., Ltd. , Shanghai branch of
HSBC Bank (China) Company Limited, ADAMA AGAN LTD and ADAMA MAKHTESHIM
LTD on 25 June, 2018. All the parties were in strict compliance with the agreements mentioned
above during the Reporting Period.
As at 31 December 2020, the special accounts of the raised funds are as follows:
Bank Account number B al ance (RMB)
Sanwan sub-branch Jingzhou Branch China Construction 42050162610109000999 890,781.48
Bank Co. Ltd.
Shanghai branch of HSBC Bank(China) Company Limited 715-039582-001 -
Shanghai branch of HSBC Bank(China) Company Limited 715-039574-001 -
3. Actual use of the raisedfunds inthe Reporti
查看PDF原文
