Stock Code: 000553(200553)     Stock Abbreviation: ADAMA A(B) Announcement No.2023-22

                                      ADAMA Ltd.

       Announcement of Dividend Distribution for the Year

(资料图片)

      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.

     The 2022 Annual General Meeting of ADAMA Ltd. (the “Company”) approved the

     implementation of the distribution are as follows:

     I．The Plan

     On the basis of 2,329,811,766 total outstanding shares of the Company (among which

     shares, before tax, as cash dividend to all shareholders (After tax is deducted, RMB

     investment funds holding restricted shares issued before IPO; for A-share shareholders

     holding restricted shares issued after IPO, restricted shares for stock incentive, and non-

     restricted outstanding shares, different tax rates will be applied on the dividend: a

     dividend of RMB 0.27 for every 10 shares will be distributed first, then the tax will be

     deducted according to the actual shareholding period and number of shares sold by

     investor after the equity registration day (please see the note below); for securities

     investment funds holding restricted A-shares eligible for lending issued after IPO,

     restricted A-shares issued after IPO, restricted A-shares for stock incentive, and non-

     restricted outstanding A-shares: the tax rate shall be 10% for the Hong Kong investors

     holding funds shares, and different tax rates will be applied on the dividend distributed

     to the mainland investors holding funds shares; the after-tax dividend for B-share non-

     resident enterprises and individuals holding restricted shares issued before IPO is RMB

     to domestic (overseas) individual shareholders：a dividend of RMB 0.27 for every 10

     shares will be distributed first, then the tax will be deducted according to the actual

shareholding period and number of shares sold by the investor after the equity

registration day).

[Note: On first–in–first–out basis, shareholding periods are calculated upon each

shareholders’ account, namely RMB 0.054 of tax per 10 shares for a period under one

month(inclusive); RMB 0.027 of tax per 10 shares for a period between one month and one

year(inclusive); no tax is payable for a period of over one year.]

Special note: Since the Company is a Sino-foreign joint venture, individual foreign

investors could temporarily be exempted from dividend income tax.

Dividend for B shares will be distributed in Hong Kong Dollars. According to the

Articles of Association of the Company, the exchange rate will be the daily reference

rate between RMB and HKD (HKD 1.00 = RMB 0.8749) published by the People’s

Bank of China at the 1st bank day (April 13, 2023) following the 2022 Annual General

Meeting.

The dividend distribution plan implemented is consistent with the plan approved by the

From the announcement          of 2022 annual dividend distribution plan till its

implementation, if there is any change to the total outstanding shares of the Company,

the allocation ratio of dividends remains unchanged.

II. Registration Day and Ex-dividend Day

The equity registration day of A shares is June 5, 2023.

The final trading day of B shares is June 5, 2023.

The ex-dividend day of both A shares and B shares is June 6, 2023.

The equity registration day of B shares is June 8, 2023.

III. Shareholders Entitled to Receive the Dividend

The following shareholders are entitled to receive the dividend: All shareholders

holding Company A shares registered by China Securities Depository & Clearing

Corporation Ltd. Shenzhen Branch (“China Clearing Shenzhen Branch”) upon the

closing of Shenzhen Stock Exchange in the afternoon of June 5, 2023 and all

shareholders holding Company B shares registered by the China Clearing Shenzhen

Branch upon the closing of the Shenzhen Stock Exchange in the afternoon of June 8,

IV. Ways of Distribution

Branch will be directly transferred into the shareholders’ accounts of the entrusted

Security agency or other entrusted institutions on June 6, 2023.

Dividend for B shares will be transferred to the shareholders’ accounts through the

entrusted Security agency or the entrusted bank on June 8, 2023. If shareholders of B

shares transfer the custody of “ADAMA B” on June 8, 2023, they should still withdraw

their dividends at the original entrusted Security agency or the entrusted bank.

 Number      Shareholders’ Account                 Name of Shareholders

During the period of applying for the dividend distribution (from the application date

May 26, 2023, to the equity registration date June 5, 2023), if the number of shares of

the above shareholder decreases, leading to the cash remitted to China Clearing

Shenzhen Branch by the Company being insufficient for the dividend distribution, the

Company shall take full legal responsibility.

V. Explanation on other Matter

Shareholders of B shares who are not domestic individual shareholders or non-

residential enterprises but are subject to deduction of withholding tax, are invited to

contact the Company before the end of July 7, 2023 and provide the related materials

to allow the Company to assist in applying for the refund.

VI. Contact Information

Address: 6/F, No.7 Office Building, No.10 Courtyard, Chaoyang Park

Contact Person: Guo Zhi, Wang Zhujun

Phone: 010-56718110              Fax: 010-59246175

                                                   Board of Directors of ADAMA Ltd.

                                                                         May 31, 2023

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