Stock Code: 000553(200553) Stock Abbreviation: Sanonda A(B)
Announcement No. 2018-53
Hubei Sanonda Co., Ltd.
Announcement of Amending the Articles of
The Company and all members of its Board of Directors confirm that all the
information disclosed herein is true, accurate, and complete with no false or
misleading statement or material omission.
Association
The
9th
Meeting of the
8th
Session of the Board of Directors approves the proposal on the revisions of the Articles of Association on December 10, 2018. Due to the change of the company name, the Board of Directors approves to revise the Articles of Association as follows:
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|Article 1 These Articles ofAssociation of Hubei Sanonda Co., Ltd.(hereinafter referred to as “Company”)are formulated pursuant to the CompanyLaw of the People's Republic China(hereinafter referred to as “CompanyLaw”), the Securities Law of the People'sRepublic of China (hereinafter referred toas “Securities Law”) and other relatedprovisions, with a view to safeguardingthe legitimate rights and interests of theCompany, its shareholdings andcreditors, and regulating theorganizational structures and acts of theCompany.||Article 1 These Articles ofAssociation of ADAMA Ltd.(hereinafter referred to as“Company”) are formulated pursuantto the Company Law of the People'sRepublic China (hereinafter referredto as “Company Law”), the SecuritiesLaw of the People's Republic ofChina (hereinafter referred to as“Securities Law”) and other relatedprovisions, with a view tosafeguarding the legitimate rights andinterests of the Company, itsshareholdings and creditors, andregulating the organizationalstructures and acts of the Company.||
|Article 2 The Company was||Article 2 The Company was||

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|restructured from former Shashi PesticideFactory of Hubei Province as a companylimited by shares (hereinafter referred toas “company”) in accordance with theCompany Law and other relevantprovisions.As approved in “E Gai [1992]02”Document issued by the Commission forEconomic Restructuring of HubeiProvince, the company is established asper raising capital by private placement,registered with the Administration forIndustry and Commerce at HubeiProvince, and obtained its businesslicense, the number of which is Qi Gu EZong Zi No. 002523.|restructured from former ShashiPesticide Factory of Hubei Provinceas a company limited by shares(hereinafter referred to as “company”)in accordance with the Company Lawand other relevant provisions.As approved in “E Gai [1992]02”Document issued by the Commissionfor Economic Restructuring of HubeiProvince, the company is establishedas per raising capital by privateplacement, registered with theAdministration for Industry andCommerce at Hubei Province, andobtained its business license. Thesocial credit code of the Company is91420000706962287Q.|
|Article 4 Registered name of theCompanyFull name in Chinese: 湖北沙隆达股份有限公司Full name in English: HUBEISANONDA CO., LTD.|Article 4 Registered name ofthe CompanyFull name in Chinese: 安 道 麦 股份有限公司Full name in English: ADAMA Ltd.|
|Article 18 In August, 1992, theBureau for State Property Administrationof Shashi, Hubei Province converted netoperating assets in total amount ofRenminbi 60,764,900 into capitalcontribution as 59,663,400 State shares,and raised capital by private placementfrom the employees, who subscribed15,270,500 shares to establish HubeiSanonda Co., Ltd.|Article 18 In August, 1992, theBureau for State PropertyAdministration of Shashi, HubeiProvince converted net operatingassets in total amount of Renminbi60,764,900 into capital contributionas 59,663,400 State shares, and raisedcapital by private placement from theemployees, who subscribed15,270,500 shares to establish theCompany.|

All other articles of the Articles of Association remain unchanged.
This announcement is hereby made.
Board of Directors of Hubei Sanonda Co., Ltd.
December 10, 2018