安道麦B:关于收购江苏安邦电化有限公司100%股权的交易进展公告(英文版)

StockCode:000553(200553)  StockAbbreviation:ADAMAA(B)  AnnouncementNo.2019-24
                        ADAMALtd.

  AnnouncementontheProgressoftheAcquisitionof100%ofthe
    EquityInterestsinJiangsuAnponElectrochemicalCo.,Ltd.
TheCompanyandallmembersoftheCompany’sBoardofDirectorsconfirmthatallinformationdisclosedhereinistrue,accurateandcomplete,withnofalseormisleadingstatementormaterialomission.

    1.OverviewofthisTransaction

    ADAMALtd.(the“Company”)executedtheEquityInterestTransferAgreementinrelationtotheacquisitionof100%oftheEquityInterestsinJiangsuAnponElectrochemicalCo.,Ltd.(“Anpon”)withCNACInternationalCompanyLimited(the“Seller”)andChinaNationalAgrochemicalCo.Ltd.onMarch19,2019.PleaserefertotheAnnouncementontheAcquisitionof100%oftheEquityInterestsinJiangsu
AnponElectrochemicalCo.,Ltd.,inaRelated-PartyTransaction(No.2019-16)whichwasdisclosedonMarch21,2019,forthedetails.

    2.TheProgressofthisTransaction

    Asofthedatehereof,accordingtotheprovisionsoftheEquityInterestTransferAgreement,thepartiesofthisTransactionagreedthattheclosingdateofthisTransactionisMarch29,2019.TheCompanyandtherelevantpartieswillproceedwiththecommercefilingandAICregistrationprocedureswithregardtotheequityinteresttransferassoonaspossible.TheCompanywilltimelyfulfillitsinformationdisclosureobligationsinaccordancewiththefurtherprogressofthisTransaction.

    Itisherebyannounced.

BoardofDirectorsofADAMALtd.
                March30,2019