ADAMA Ltd.
Announcement on Providing Guarantees in favor of two
Wholly-owned Subsidiaries
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.
I．Overview
On December 21, 2020, the 30th Meeting of the 8th Session of the Board of Directors of
ADAMA Ltd. (hereinafter referred to as “the Company” and the “the Board”) approved a
Proposal on Providing Guarantees in Favor of a Wholly-owned Subsidiary, according to
which the Company shall provide joint liability guarantees in favor of certain financing
banks that provide annual loans to the Company’s wholly-owned subsidiary, ADAMA
Anpon (Jiangsu) Ltd. (hereinafter referred to as “Anpon”). For details, please refer to the
Announcement published by the Company on the website www.cninfo.com.cn
(Announcement No. 2020-72).
On April 28, 2021, the 33rd Meeting of the 8th Session of the Board approved the Proposal
on Providing Guarantees in Favor of two Wholly-owned Subsidiaries, according to which
the Company shall slightly increase the guaranteed amounts with regard to two of the loans
mentioned in the above announcement based on the actual needs of Anpon, and shall
provide joint liability guarantees in favor of the financing bank that provides credit line to
Hubei Sanonda Foreign Trade Co., Ltd. (hereinafter referred to as “Foreign Trade
Company”). For details, please refer to the Announcement published by the Company on the
website www.cninfo.com.cn (Announcement No. 2021-14).
In light of the actual needs of project loans of Anpon, the Company intends to increase the
guarantee amount with regard to two project loans of the above-mentioned guarantees.
Regarding the above guarantee for Foreign Trade Company, the Company intends to adjust
the relevant financing bank that is to provide credit line to Foreign Trade Company
according to its actual business needs.
According to the Listing Rules of the Shenzhen Stock Exchange, the 5th meeting of the 9th
session of the Board approved the Proposal on Providing Guarantees in favor of two
Wholly-owned Subsidiaries. The decision to provide such guarantees is within the rights of
the Board of Directors. No additional approval for the aforesaid guarantees is required from
the shareholders of the Company.
II. Basic Information of the Warrantees
1. Basic Information of Anpon
Name of the Warrantee: ADAMA Anpon (Jiangsu) Ltd.
Established Date: November 25, 1998
RegisteredAddress: No. 30, Huagong Road, Huai’an City
Legal Representative: JiangYutian
Registered Capital: RMB 251,380,000
Business Scope: Manufacture and sale of chemical products
Relationship with the Company: The Company’s wholly owned subsidiary.
Credit status: After searching on the website of disclosure of enforcement information of
China,Anpon is not a dishonest person subject to judicial enforcement.
The most recent financial situation of the Warrantee is as follows:
Unit: ’0000 RMB
At Sep 30 2021 At Dec 31,2020
(unaudited) (audited)
Total Assets 157,077.83 131,581.11
Total Liabilities 95,389.08 84,714.07
Bank Loans 35,000.00 28,000.00
Other Current Liabilities - -
Contingency - -
Net Assets 61,688.75 46,867.04
January to September 2021 2020
(unaudited) (audited)
Revenue 155,847.06 199,834.59
Total Profit 17,757.57 16,636.35
Net Profit 14,819.03 15,402.76
2. Basic Information of Foreign Trade Company
Name of the Warrantee: Hubei Sanonda Foreign Trade Co., Ltd.
Established Date: July 29, 1998
RegisteredAddress: No.1, Beijing Donglu Road, Jingzhou City, Hubei Province.
Legal Representative: Liu Jianhua
Registered Capital: RMB 10,000,000
Business Scope: Import and export business.
Relationship with the Company: The Company’s wholly owned subsidiary.
Credit status: After searching on the website of disclosure of enforcement information of
China, Foreign Trade Company is not a dishonest person subject to judicial enforcement.
The most recent financial situation of the Warrantee is as follows:
Unit: ’0000 RMB
At Sep 30, 2021 At Dec 31,2020
(unaudited) (audited)
Total Assets 13,603.57 54,641.25
Total Liabilities 1,872.77 44,249.35
Bank Loans - -
Other Current Liabilities -
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