Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2022-9
ADAMALtd.
Announcement on the Engagement of an
Accounting Firm
The Company and all members of its board of directors hereby confirm that all
information disclosed herein is true, accurate and complete with no false or
misleading statement or material omission.
I. Explanation on the Proposed Appointment of the Company’s Auditor
ADAMA Ltd. (hereinafter referred to as: the “Company”) intends to renew the
appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP
(hereinafter referred to as: “Deloitte Huayong” or the “Auditor”) as the Company’s
Auditor for its 2022 financial statements and the annual internal control.
As an accounting firm with qualifications in securities and futures related businesses,
Deloitte Huayong is professionally competent and has warranted and represented that
while rendering the Company auditing services, Deloitte Huayong is, and shall remain
at all time during the financial year sufficiently independent, according to all rules and
regulations. While protecting investors, the Auditor has been committed to its duties
and provided audit services to the Company. By following the code of practice of
independence, objectiveness and fairness, it has accomplished the relevant work
entrusted by the Company. Therefore, the Company decides to renew the engagement
of the Auditor, among others, to ensure the auditing consistency. In 2021, Deloitte
charged 3.24 million RMB yuan for auditing services of the financial statements and
internal control of the Company. The Company’s Auditor’s budget for 2022 will be
submitted to the shareholders’ meeting, in order to authorize the board of directors to
decide, based on the consultation with the firm.
II. Introduction of the Proposed Auditor
1.Institution Information
1.1Basic Information
Deloitte Huayong was established in February 1993 and known as Hujiang Deloitte
Accounting Limited. It was renamed Deloitte Huayong in September 2012 and was
approved by the Ministry of Finance and other authorities to convert its business
property into a limited liability partnership. It is registered on the 30th Floor, No. 222
East Yan’an Road, Huangpu District, Shanghai.
Deloitte Huayong has the required approval issued bythe Ministryof Finance to render
auditing services. It is also permitted by both the Ministry of Finance and the CSRC to
engage in the auditing of H-share enterprises. Deloitte Huayong has put on record for
the securities and futures related businesses in accordance with the relevant documents
such as the "Administrative Measures for the Recordation of Securities Service
Business by Accounting Firms" issued by the Ministry of Finance and the CSRC. As
such, the Auditor has accumulated extensive experience in securities services for the
past two decades.
The chief partner of Deloitte Huayong is Mr. Fu Jian Chao. As of the end of 2021,
Deloitte Huayong had 220 partners, 6,681 employees and 1,131 CPAs , of which more
than 220 CPAs have signed audit report on securities services business.
Deloitte Huayong had a revenue of 4 billion RMB yuan for 2020, of which 3.1 billion
RMB yuan were generated by auditing and 688 million RMB yuan by securities
business. Deloitte Huayong provides audit services on the 2020 annual reports for 60
listed companies, with a total audit service fee of 205 million RMB yuan. The main
industries of the listed companies that the Deloitte Huayong provides services are
manufacturing industry, finance industry, real estate industry, transportation, storage
and postal industry, and mining industry. Among the listed companies Deloitte
Huayong provides audit services, there are 18 listed companies in the same industry as
the Company.
1.2 Investor Protection
The cumulative compensation limit of occupational insurance purchased by Deloitte
Huayong exceeds 200 million RMB, which is in compliance with relevant regulations.
In the past three years, it has not assumed civil liability in relevant civil lawsuits due to
practice behaviors.
1.3 Integrity Record
As presented to the Company by the Auditor, neither Deloitte Huayong nor any of its
employees, has not been subject to criminal penalties, administrative penalties,
administrative supervision measures or any punishment due to the violation of
self-discipline requirements published by the authorities in the past three years.
2. Engagement Information
2.1 Basic Information
Mr. Mou Zheng Fei, the engagement partner, joined Deloitte Huayong in 1998. He has
been engaged in auditing and professional services related to the capital market for a
long time. In 2000, he registered as Certified Public Account. Now, He is currently a
practicing member of the C
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