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:
1.The Company's 2024 dividend distribution plan: no cash dividends will be distributed,
no bonus shares will be given, and no reserves will be converted into share capital.
2. The dividend distribution plan still needs to be submitted to the Company's 2024
annual general meeting for approval.
3. The Company's disclosure of dividend distribution plan does not touch upon the
possible application of other risk warnings as stipulated inArticle 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
2024 Dividend Distribution". The proposal has already been approved at the 1st meeting of
theAudit 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
2,903,204,000. Based on the Company's operating result of the year and the provisions of the
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
1. The Company does not touch upon the possible application of other risk warnings
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 1,680,382,000
end of current year
(RMB)
The retained earnings of
the parent company by 779,972,000
the end of current year
(RMB)
Whether being listed for Yes
3 complete calendar year
Accumulated total cash
dividends in the past 3 62,905,000
accounting years (RMB)
Accumulated share
repurchase and -
cancellations in the past
3 accounting years
(RMB)
Average net profit for the
past 3 accounting years (1,299,900,000)
(RMB)
Accumulated total cash
dividends and share
repurchase and 62,905,000
cancellations in the past
3 accounting years
(RMB)
Whether touch upon
the possible application
of other risk warnings
as stipulated inArticle No
9.8.1 of the Shenzhen
Stock Exchange Listing
Rules
Based on theaboveindicators, theCompanydoes not touchuponthepossibleapplication
of other risk warnings as stipulated in Article 9.8.1 of the Shenzhen Stock Exchange Listing
Rules.
2. Explanations on the reasonableness of the pre-plan of 2024 dividend distribution
The balance of the consolidated retained earnings of the Companyat 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 dist
