StockCode:000553(200553)  StockAbbreviation:ADAMAA(B)NO.2019-31

                          ADAMALtd.

  AnnouncementonNewExpectedRelated-PartyTransactionsinthe

                OrdinaryCourseofBusinessin2019

TheCompanyandallmembersoftheCompany’sBoardofDirectorsconfirmthatallinformationdisclosedhereinistrue,accurateandcomplete,withnofalseormisleadingstatementormaterialomission.
I.    BasicInformationontheNewRelatedPartyTransactionsintheordinarycourseof
      business

(I)  Overviewofthenewrelated-partytransactionsintheordinarycourseofbusiness

      OnFebruary22,2019theCompanydisclosedtheExpectedRelated-PartyTransactionsin
      theOrdinaryCourseofBusinessin2019(announcementnumber2019-11).

      FollowingtheclosingoftheacquisitionofJiangsuAnponElectrochemicalCo.,Ltd.
      (hereinafterreferredtoas“Anpon”)bytheCompanyonMarch29,2019(see
      announcementnumber2019-24),Anponisnowbeingconsolidatedintothefinancial
      statementsoftheCompanyasoftheQ12019financialstatements.

      TheCompanyexpectsthatin2019Anponwillsellrawmaterialsand/orproducts,inatotal
      amountthatwillnotexceedRMB231.38million,tosubsidiariescontrolledbyChina
      NationalChemicalCo.,Ltd(“ChemChina”);andthatAnponwillpurchaseproductsand
      commodities,services,inatotalamountthatwillnotexceedRMB342.23million,from
      subsidiariescontrolledbyChemChina.Suchtransactionshereinafterreferredasthe
      "Related-partyTransactions".

      Theseestimationswereperformedbasedonthecurrentavailabledataandmaychange,
      interalia,asaresultofchangestotheCompany'sbusiness,andAnponinparticular,and/or
      duetomarketconditionsaswellasduetofurthercooperationtobenegotiatedbetweenthe
      CompanyandSyngenta.

      TheRelated-partyTransactionsmatterhasbeenreviewedandapprovedatthe14thMeeting

      theCompany,therewerefouraffirmativevotes,zeronegativevotesandzeroabstentions,
      whiletheonerelated-partydirector(Mr.YangXingqiang)refrainedfromvoting.

      TheRelated-partyTransactionsmattershallbefurtherapprovedbytheShareholders
      Meeting.ChinaNationalAgrochemicalCo.,Ltd.,andJingzhouSanondaHoldingsCo.,Ltd.
      willrefrainfromvoting.

(II)  Thetypesandamountsofthenewexpectedrelated-partytransactionsintheordinary
      courseofbusiness

                                                                      RMB10,000
                                                Thepricing  Contractamount

  Typeof                      Contentof                                        Amount

                                                principleof    orestimated

related-party  Relatedparty    related-party                                    incurredinthe
                                              related-party  amountnotto

transaction                    transaction                                    previousyear
                                                transaction      exceed

Sellingraw  JiangsuHuaihe

materials    ChemicalsCo.,    Sellingproducts    Marketprice      23,138            0

  and/or          Ltd.

productsto

relatedparties    Sub-total            -              -            23,138            0

            JiangsuHuaihe

            ChemicalsCo.,  Purchaseofproducts  Marketprice      20,099            0

                  Ltd.

                Zhonglan

Purchasing    International      Purchaseof

                                                Marketprice        11,983            0

rawmaterials  ChemicalCo.,      commodities

  and/or          Ltd.

productsfrom    Bluestar
relatedparties    (Beijing)

                                Purchaseof

                Chemical                        Marketprice        1,428            0

                              commodities

            MachineryCo.,

                  Ltd.

                Sub-total            -              -            33,510            0

                Shanghai

Receiving      Branchof

servicesfrom    Zhonglan      Designservices    Marketprice        712              0

relatedparties  LianhaiDesign

              InstituteCo.,


                Sub-total            -              -            712              0

(III)  Actualrelated-partytransactionsintheordinarycourseofbusinessperformedinthe
      previousyear

    FromtheCompanyperspective,asAnponwasawhollyownedsubsidiaryofChemChinain2018,anytransactionsbetweenAnponandsubsidiariescontrolledbyChemChinaperformedin2018,donotconstituterelatedpartytransactionsfortheCompany.
II.    IntroductiontotheRelatedPartiesandTheirRelationshipswiththeCompany

      1.  JiangsuHuaiheChemicalCo.,Ltd.(legalrepresentative:ChenHongbo;registered
          address:YutaiCounty,JiangsuProvince)hasregisteredcapitalofRMB24.7million
          andmainlyundertakesthebusinessesrelatedtomanufacturingandsaleofchemical
          products.ThemainfinancialdataasofDecember31,2018are:operatingrevenueof
          RMB818.01million,netprofitofRMB7.6million,totalassetsofRMB532.86million,
          netassetsofRMB126.63million.

          RelationshipwiththeCompany:ItisalegalpersoncontrolledbyChemChina,the
          actualcontrolholderoftheCompany.AccordingtotheArticle10.1.3(2)oftheRules
          ofShenzhenStockExchangefortheListingofStocks,itiSARelatedpartyofthe
          Company.

          Analysisofperformancecapability:TothebestknowledgeoftheCompany,Jiangsu
          HuaiheChemicalCo.,Ltd.producesandoperatesnormallyandisingoodoperational
          andfinancialconditionsandthushasagoodperformancecapability.Aftersearching
          onthewebsiteofdisclosureofenforcementinformationofChina,itisnotadishonest
          partysubjecttoenforcement.

      2.  ZhonglanInternationalChemicalCo.,Ltd.(legalrepresentative:YangHongbin;
          registeredaddress:No.1202-1207,12/F,No.62North4thRingWestRoad,Haidian
          District,Beijing)hasregisteredcapitalofRMB100millionandmainlyundertakes
          thewholesalechemicalproducts,technologyimportandexport,technologyand
          informationconsultingservices.ThemainfinancialdataasofDecember31,2018are:
          operatingrevenueofRMB3,995.68million,netprofitofRMB12.21million,total
          assetsofRMB729.89million,netassetsofRMB-17.53million.


  actualcontrolholderoftheCompany.AccordingtotheArticle10.1.3(2)oftheRules
  ofShenzhenStockExchangefortheListingofStocks,itiSARelatedpartyofthe
  Company.

  Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,
  ZhonglanInternationalChemicalCo.,Ltd.producesandoperatesnormallyandisin
  goodoperationalandfinancialconditionsandthushasagoodcontractperformance
  capability.Aftersearchingonthewebsiteofdisclosureofenforcementinformationof
  China,itisnotadishonestpartysubjecttoenforcement.
3.  Bluestar(Beijing)ChemicalMachineryCo.,Ltd.(legalrepresentative:Kang
  Jianzhong;registeredaddress:No.5,XingyeStreet,BeijingEconomicand
  DevelopmentZone)hasregisteredcapitalofRMB200millionandmainlyundertakes
  thebusinessesrelatedtoproductionofchemicalmachineryandequipment,production
  oftypeIIIpressurevessels,design,maintenanceandinstallationofchemical
  machineryandequipment,technicalconsultation,technicalservices,technicaltraining.
  ThemainfinancialdataasofDecember31,2018are:operatingrevenueof
  RMB470.21million,netprofitofRMB31.29million,totalassetsofRMB1,196.24
  million,netassetsofRMB721.54million.

  RelationshipwiththeCompany:ItisalegalpersoncontrolledbyChemChina,the
  actualcontrolholderoftheCompany.AccordingtotheArticle10.1.3(2)oftheRules
  ofShenzhenStockExchangefortheListingofStocks,itiSARelatedpartyofthe
  Company.

  Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,
  Bluestar(Beijing)ChemicalMachineryCo.,Ltd.operatesnormallyandisingood
  operationalandfinancialconditionsandthushasagoodcontractperformance
  capability.Aftersearchingonthewebsiteofdisclosureofenforcementinformationof
  China,itisnotadishonestpartysubjecttoenforcement.
4.  ShanghaiBranchofZhonglanLianhaiDesignInstituteCo.,Ltd.(Managerof
  ShanghaiBranch:LiuZhikui;registeredaddress:4/F,No.5656EastHuaxiaRoad,
  PudongDistrict,Shanghai)hasregisteredcapitalofRMB128millionandmainly
  undertakesthebusinessesrelatedtoprojectconsultationandevaluation,designand
  project  management,  engineering  construction  (excluding  blasting),  general

          operatingrevenueofRMB373.58million,netprofitofRMB15.82million,totalassets
          ofRMB957.27million,netassetsofRMB630.97million.

          RelationshipwiththeCompany:ItisalegalpersoncontrolledbyChemChina,the
          actualcontrolholderoftheCompany.AccordingtotheArticle10.1.3(2)oftheRules
          ofShenzhenStockExchangefortheListingofStocks,itiSARelatedpartyofthe
          Company.

          Analysisofcontractperformancecapability:TothebestknowledgeoftheCompany,
          ShanghaiBranchofZhonglanLianhaiDesignInstituteCo.,Ltd.operatesnormally
          andisingoodoperationalandfinancialconditionsandthushasagoodcontract
          performancecapability.Aftersearchingonthewebsiteofdisclosureofenforcement
          informationofChina,itisnotadishonestpartysubjecttoenforcement.

III.    MainContentofRelated-PartyTransactions

      1.  Maincontent

          (1)Allrelated-partytransactionsbetweenAnponandtherelevantrelatedparties
              shouldbecarriedoutbasedonmarkettermsandaccordingtotheprinciplesof
              voluntariness,equality,mutualbenefit,justiceandfairnessandwithoutprejudice
              totheinterestsoftheCompany.

          (2)Ifthereisanyavailablestatefixedprice,thenthestatefixedpriceshallprevail;if
              thestatefixedpriceisinapplicableornotapplicableanymore,thenthemarket
              priceshallprevail;ifthemarketpriceisinapplicableornotapplicableanymore,
              thenbothpartiesshalldeterminetheexactandfairpricingstandardstheybelieve
              tobebasedonrelevantdata.

      2.  Signingoftransactionagreement

          Anponwillconcludecontractswiththerelevantrelatedpartiesaccordingtoits
          productionandoperationrequirementsanditsordinarycourseofbusinesspractices.
IV.    PurposeofRelated-PartyTransactionanditsImpactontheCompany

      Theserelated-partytransactionSAReentailedbytheconsolidationofthefinancial
      statementsoftheCompanyandarenecesSARyforthedailybusinessoperationofAnpon.

      adverselyaffecttheinterestsoftheCompanyanditsnon-relatedpartyshareholders,as
      wellastheindependenceoftheCompany.

V.    IndependentDirectors’Opinions

      TheCompany’sindependentdirectorshavegivenseparateopinionsontherelatedparty
      transactionsmatter:TheCompanymakesreasonableexpectationonthenewrelated-party
      transactionsaccordingtothestatusoftheacquisitionof100%oftheEquityInterestsin
      Anpon.Allsuchtransactionsshallconformtorelevantnationallawsandregulations,as
      applicable,andmarket-orientedprinciples,andshallnotinfluencetheindependenceofthe
      CompanyordamagetheinterestsoftheCompanyanditsothershareholders.The
      decision-makingproceduresfortheserelatedpartytransactionsconformtotheCompany
      LawofthePeople’sRepublicofChina,theRulesofShenzhenStockExchangeforthe
      ListingofStocks,theArticlesofAssociationandotherlawsandregulations.The
      independentdirectorsagreetosubmittheproposaltotheshareholdersforapproval.

VI.    OpinionofGuotaiJun’anSecuritiesCo.,LtdastheFinancialConsultant

      Afterverification,theindependentfinancialconsultantisoftheopinionthatthenew
      estimatedrelated-partytransactionsintheordinarycourseofbusinessofADAMALtd.are
      necesSARyforthedailybusinessoperationoftheCompany.Pricingoftheserelated-party
      transactionsfollowsthemarketprice.Thesetransactionsdonotharmtheinterestofsmall
      andmediumshareholdersoftheCompanyoraffectindependenceoftheCompany.
      Aforementionedtransactionmattershavebeenapprovedatthe14thMeetingofthe8th
      sessionoftheBoardofDirectorsoftheCompany,onwhichoccasionrelateddirectors
      withdrewfromthevoting,independentdirectorsexpressedaffirmativeopinionsand
      necesSARyprocedureswereimplemented.Therelated-partytransactionmatterissubjectto
      approvaloftheshareholders.CNACandJingzhouSanondaHoldingCo.,Ltdasrelated
      shareholderswillwithdrawfromthevoting.AbovedeliberationprocedureSAReinlinewith
      theCompanyLaw,AoAoftheCompanyandrelevantrules.Theindependentfinancial
      consultantdoesnothaveobjectiontothematterofnewestimatedrelated-partytransactions
      for2019intheordinarycourseofbusinessoftheCompany.

VII.  DocumentsforFutureReference

      1.Theresolutionmadeatthe14thMeetingofthe8thsessionoftheBoardofDirectorsof
        theCompany;

3.OpinionofGuotaiJunanSecuritiesCo.,LtdonNewExpectedRelatedParty
  TransactionsintheOrdinaryCourseofBusinessin2019oftheCompany.
TheAnnouncementisherebygiven.

                                        TheBoardofDirectorsofADAMALtd.
                                                            April30,2019