Stock Code: 000553(200553) Stock Abbreviation: ADAMA A (B) NO. 2025-10
ADAMA Ltd.
Announcement on the Pre-plan of 2024 Dividend Distribution
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.
Special Reminder:
no bonus shares will be given, and no reserves will be converted into share capital.
annual general meeting for approval.
possible application of other risk warnings as stipulated in Article 9.8.1 of the Shenzhen Stock
Exchange Listing Rules.
I. Approval procedures
On March 12, 2025, Adama Ltd. (hereinafter referred to as the "Company") held the 10th
meeting of the 10th Board of Directors and approved the " Proposal on the Pre-Plan of the
the Audit Committee of the Company's Board of Directors in 2025, at the special meeting of
independent directors and at the 4th meeting of the 10th Board of Supervisors, and still needs
to be submitted to the Company's 2024 annual general meeting of shareholders for review and
approval.
II. Basic information of the pre-plan of 2024 dividend distribution
As audited by the auditor, Deloitte Touche Tohmatsu CPA LLP, the consolidated net
profit attributable to shareholders of the Company for the year 2024 was a loss of RMB
Articles of Association, taking into account the Company's debt situation and future funding
needs, in order to ensure the sustainable development and smooth operation of the Company,
as well as for the long-term interests of all shareholders, the pre-plan of 2024 dividend
distribution of the Company is: no cash dividends will be distributed, no bonus shares will be
given, and no reserves will be converted into share capital. The pre-plan of the dividend
distribution still needs to be submitted to the Company's 2024 annual general meeting of
shareholders for review and approval.
III. Detailed information of dividend distribution plan
Item 2024 2023 2022
Cash dividend distributed
- - 62,905,000
(RMB)
Share repurchase and
- - -
cancellations (RMB)
Net profit attributable to
(2,903,204,000) (1,605,887,000) 609,391,000
the shareholders (RMB)
The consolidated
retained earnings by the
end of current year
(RMB)
The retained earnings of
the parent company by
the end of current year
(RMB)
Whether being listed for
Yes
Accumulated total cash
dividends in the past 3 62,905,000
accounting years (RMB)
Accumulated share
repurchase and
cancellations in the past
(RMB)
Average net profit for the
past 3 accounting years (1,299,900,000)
(RMB)
Accumulated total cash
dividends and share
repurchase and
cancellations in the past
(RMB)
Whether touch upon
the possible application
of other risk warnings
as stipulated in Article No
Stock Exchange Listing
Rules
Based on the above indicators, the Company does not touch upon the possible application
of other risk warnings as stipulated in Article 9.8.1 of the Shenzhen Stock Exchange Listing
Rules.
The balance of the consolidated retained earnings of the Company at the end of 2024 was
RMB 1,680,382,000, and the balance the retained earnings of the parent company at the end
of 2024 was RMB 779,972,000. The retained earnings of the Company as of the end of 2024
will be used to support the Company's future working capital needs and execute the
Company's development strategy. The Company will continue to adhere to the business
philosophy of bringing returns to investors, strictly regulate the use of funds, improve the
efficiency of fund used, and strive to give back to investors with more positive dividend
distribution plans.
The Company's pre-plan of 2024 dividend distribution complies with the dividend
distribution policy stipulated in the Company's Articles of Association and the actual situation
of the Company. There is no violation of relevant provisions such as the Company Law of the
People's Republic of China and the Shenzhen Stock Exchange Self discipline Supervision
Guidelines for Listed Companies No. 1- Standardized Operation of Main Board Listed
Companies.
IV. The decision-making process performed by the Company
The Company held the 1st meeting in 2025 of the Audit Committee of the Board of
Directors on March 10, 2025, and approved the "Proposal on the Pre-Plan of the 2024
Dividend Distribution". The Audit Committee believes that the plan has taken into account
the actual operating situation and future funding needs of the Company, ensuring the
sustainable development of the Company and meeting the long-term interests of the Company,
and agrees to submit the plan for review and approval at the 2024 annual general meeting of
shareholders.
The Company held a special meeting of independent directors on March 11, 2025, and
approved the "Proposal on the Pre-Plan of the 2024 Dividend Distribution". The independent
directors believe that the plan is in line with the Company’s operating situation and business
development needs of the Company, and complies with relevant regulations such as the
Company Law of the People's Republic of China and the Chinese Enterprise Accounting
Standards. They also agree to submit the plan to the shareholders' meeting for review and
approval.
The Company held the 10th meeting of the 10th Board of Directors on March 12, 2025,
and approved the "Proposal on the Pre-Plan of the 2024 Dividend Distribution", and agreed
to submit the plan to the Company's 2024 annual general meeting of shareholders for review
and approval. The Board of Directors believes that the plan complies with the dividend
distribution policy stipulated in the Company's Articles of Association and the actual situation
of the Company.
The company held the 4th meeting of the 10th board of supervisors on March 12, 2025,
and approved the "Proposal on the Pre-Plan of the 2024 Dividend Distribution". The board of
supervisors agreed to submit the plan to the Company's 2024 annual general meeting of
shareholders for review and approval.
V. Documents for Future Reference
of the Company
It’s hereby announced.
Board of Directors of ADAMA Ltd.
March 14, 2025
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