安道麦B：第八届董事会第二十一次会议决议公告（英文版）

　　Stock?Code:?000553(200553)?Stock?Abbreviation:?ADAMA?A(B)?Announcement?No.2020-7

　　?ADAMA?Ltd.

　　?Announcement?of?the?Resolutions?of?the?21st

　　?Meeting?of?the?8th?Session?of?the?Board?of?Directors

　　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?21st?Meeting?of?the?8th?Session?of?the?Board?of?Directors?of?ADAMA?Ltd.

　　?(hereinafter?referred?to?as?the?“Company”)?was?held?via?on-site?and?video?conference

　　?meeting?on?February?26,?2020?following?notifications?to?all?the?directors?by?email?on

　　?February?24,?2020.?Five?directors?were?entitled?to?attend?the?meeting?and?five?directors

　　?attended.

　　?The?meeting?complies?with?all?relevant?laws,?regulations?and?the?Articles?of

　　?Association?of?the?Company.?The?following?resolutions?were?deliberated?and?adopted:

　　?1.?Proposal?on?Changes?of?Senior?Executives?of?the?Company

　　?On?February?26,?2020,?the?Board?received?notice?from?Mr.?Chen?Lichtenstein

　　?informing?the?Company?of?his?resignation?as?the?President?&?CEO?due?to?his

　　?nomination?as?the?CFO?of?the?newly?formed?Syngenta?Group?Co.,?Ltd.?with

　　?responsibility?also?for?Strategy?and?Integration,?a?wholly?owned?subsidiary?of?China

　　?National?Agrochemical?Co.,?Ltd.?(“CNAC”)?and?to?which?CNAC?is?transferring?its

　　?direct?stake?in?the?Company.?Mr.?Chen?Lichtenstein’s?resignation?will?come?into?effect

　　?upon?the?appointment?of?the?new?President?&?CEO?entering?into?effect?on?March?1,

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　　2020.?Following?his?resignation,?Mr.?Chen?Lichtenstein?will?remain?a?director?of?the

　　Company?and?its?fully?owned?subsidiary,?ADAMA?Agricultural?Solutions

　　Ltd.(“Solutions”).

　　The?Board?appoints?Mr.?Ignacio?Dominguez?as?the?President?&?CEO?of?the?Company

　　also?acting?as?legal?representative?of?the?Company.?The?Company’s?CFO,?Mr.?Aviram

　　Lahav?will?also?assume?a?concurrent?position?as?Deputy?CEO.?The?above?both

　　appointments?will?be?effective?from?March?1,?2020.

　　As?of?the?date?of?this?Announcement,?Mr.?Chen?Lichtenstein?does?not?hold?any?stock?of

　　the?Company.

　　The?Board?highly?values?and?deeply?appreciates?the?significant?contribution?Mr.?Chen

　　Lichtenstein?made?to?the?Company?during?his?tenure.

　　This?proposal?was?passed?with?5?affirmative?votes,?0?negative?votes,?and?0?abstentions.

　　2.?Proposal?on?the?Remunerations?of?the?Senior?Executives

　　The?Board?hereby?approves?(1)?a?secondment?agreement?to?be?signed?between?the

　　Company?and?Solutions?so?as?to?facilitate?the?payment?of?the?remuneration?to?Mr.

　　Ignacio?Dominguez?as?President?&?CEO?of?the?Company?through?Solutions?since?the

　　date?of?his?appointment;?(2)?the?adjustment?of?the?remuneration?of?Mr.?Aviram?Lahav

　　due?to?his?appointment?as?CEO?of?Solutions?and?deputy?CEO?of?the?Company;?and?(3)

　　the?payment?of?short?term?incentives?to?the?senior?executives?Chen?Lichtenstein,

　　Aviram?Lahav?and?Michal?Arlosoroff,?to?be?paid?also?to?other?senior?employees?in

　　Solutions,?including?Mr.?An?Liru,?due?to?their?contribution?to?the?maximization?of?the

　　cooperation?with?the?controlling?shareholder?and?its?subsidiaries?according?to?the

　　Remuneration?Policy?for?Senior?Executives?in?ADAMA?Ltd.?published?on?February?22,

　　2019.

　　The?related-directors?Chen?Lichtenstein,?An?Liru?refrained?from?the?vote.?This?proposal

　　was?passed?with?3?affirmative?votes,?0?negative?vote,?and?0?abstention.

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　　3.?Proposal?on?the?Remuneration?Plan?for?Non-indepe?ndent?Directors

　　The?Board?approves?the?remuneration?plan?of?the?non-?independent?directors?as?follows:

　　(1)?A?non-?independent?director?who?holds?a?management?position?in?the?Company

　　and/or?any?of?its?subsidiaries,?shall?receive?the?remuneration?set?for?such?position?and

　　will?not?be?entitled?to?any?additional?remuneration?for?serving?as?a?director.

　　(2)?A?non-?independent?director?who?doesn’t?hold?a?management?position?in?the

　　Company?or?any?of?its?subsidiaries,?may?receive?a?monthly?remuneration?which?shall

　　not?exceed?USD?30,000?plus?VAT?(if?applicable)?linked?to?the?relevant?CPI,?as

　　determined?by?the?Compensation?and?Appraisal?Committee?depending?on?the

　　comprehensive?appraisal?on?such?director.

　　This?proposal?was?passed?with?5?affirmative?votes,?0?negative?votes,?and?0?abstentions.

　　This?proposal?needs?to?be?submitted?to?the?shareholders?meeting?for?approval.

　　4.?Proposal?on?Providing?Guarantees?in?Favor?of?a?Wholly-owned?Subsidiary

　　The?Board?of?Directors?approves?to?provide?joint?liability?guarantees?for?the?loans?of

　　ADAMA?Anpon?(Jiangsu)?Ltd.?For?details,?please?see?the?Announcement?on?Providing

　　Guarantees?in?Favor?of?a?Wholly-owned?Subsidiary?published?on?www.cninfo.com.cn

　　on?the?same?day.

　　This?proposal?was?passed?with?5?affirmative?votes,?0?negative?vote?and?0?abstention.

　　This?proposal?subjects?to?the?approval?of?shareholders?of?the?Company.

　　5.?Proposal?on?Signing?the?Supple?mental?Agreement?to?the?Equity?Purchase

　　Agreement

　　The?Board?of?Directors?approved?the?Company?to?sign?the?Supplemental?Agreement?to

　　the?Equity?Purchase?Agreement?with?Jiangsu?Huifeng?Agrochemical?Co.,?Ltd.?For

　　details,?please?see?the?Announcement?on?Signing?the?Supplemental?Agreement?to?the

　　Equity?Purchase?Agreement?published?on?www.cninfo.com.cn?on?the?same?day.

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　　This?proposal?was?passed?with?5?affirmative?votes,?0?negative?vote?and?0?abstention.

　　It?is?hereby?resolved.

　　Board?of?Directors?of?ADAMA?Ltd.

　　February?27,?2020

　　Profile?of?the?President?&?CEO

　　Mr.?Ignacio?Dominguez?is?Spanish?and?was?born?in?1960.?Up?till?his?election?as

　　President?&?CEO?of?the?Company,?Mr.?Ignacio?Dominguez?served?as?the?co-Chief

　　Commercial?Officer?(CCO)?of?the?Company's?fully?owned?subsidiary,?ADAMA

　　Agricultural?Solutions?Ltd.,?and?is?a?member?of?its?Executive?Committee,?a?senior

　　management?forum.

　　Mr.?Ignacio?Dominguez?has?served?in?several?management?positions?in?the?ADAMA

　　group?for?almost?20?years?and?has?more?than?two?decades?of?experience?in?the?AgChem

　　industry.

　　Mr.?Ignacio?Dominguez?holds?an?M.Sc.?in?Physics,?specializing?in?automatic?calculus,

　　artificial?intelligence?structure?of?microprocessors?and?programming?languages,?from

　　Universidad?Complutense?de?Madrid.

　　Mr.?Ignacio?Dominguez?does?not?directly?or?indirectly?hold?the?Company’s?shares.?Mr.

　　Ignacio?Dominguez?has?no?connected?relations?with?shareholders?holding?more?than?5%

　　of?shares,?actual?controllers,?and?other?directors,?supervisors?and?senior?executives?of

　　the?Company.?Mr.?Ignacio?Dominguez?has?never?been?punished?by?the?CSRC?and?the

　　Exchange?and?does?not?fall?into?any?situation?stipulated?in?Article?3.2.3?of?Guidelines?of

　　Standard?Operation?of?Listco?in?SZSE.?Mr.?Ignacio?Dominguez?is?not?a?dishonest

　　person?subject?to?enforcement.?Mr.?Ignacio?Dominguez?meets?all?the?qualifications?set

　　forth?by?laws?and?regulations.

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