安道麦B(200553):信息披露事务管理制度（2025年10月）（英文版）
InformationDisclosureManagement Policy (October,2025) ChapterIGeneralProvisions Article1TheInformationDisclosureManagementPolicy(hereinafterreferredtoas“thisManagementPolicy”)areenactedinaccordancewiththeCompanyLaw,theSecuritiesLaw,theAdministrativeMeasuresfortheDisclosureofInformationofListed Companies, Stock Listing Rules of Shenzhen Stock Exchange, theSelf-regulatory Supervision Guidelines for Listed Companies of Shenzhen StockExchange No.5 – Management of Information Disclosure and other laws andadministrativeregulations,aswellastheprovisionsoftheArticlesofAssociationsofthe Company, for the purposeof regulating the information disclosure madebyADAMALtd. (hereinafter referred to as “the Company”) and other informationdisclosureobligors,strengtheningthemanagementofinformationdisclosuremattersandprotectingthelegitimaterightsandinterestsofinvestors. Article2The"informationdisclosureobligors"relevanttothisManagementPolicyreferstotheCompany,itsdirectorsoftheboard,seniorexecutives,shareholders,ultimatecontrollers,acquirers,aswellasnaturalpersons,entitiesandtheirrelatedpersonsinvolvedinmajorassetrestructuring,refinancingandmaterialtransactions,bankruptcyadministratorsandtheirmembersaswellasothersubjectswhohaveinformationdisclosureobligationsasstipulatedbylaws,administrativeregulationsandChinaSecuritiesRegulatoryCommittee(hereinafterabbreviatedas“CSRC”).Article3AninformationdisclosureobligorshallcomplywiththeprovisionsofthisManagementPolicywhenperformingtheinformationdisclosureobligation.WheretheCSRCprovidesotherwiseontheinformationdisclosureofinitialpublicofferingsand listing of stocks and the issuance of securities by listed companies, suchprovisionsshallprevail. Article4Aninformationdisclosureobligorshallperformitsinformationdisclosureobligationinatimelymannerinaccordancewiththelaw.Theinformationdisclosedshallbeauthentic,accurate,complete,concise,clearandeasytounderstand,andshallnotcontainanyfalserecord,misleadingstatementormaterialomission.Anyinformationdisclosedbyaninformationdisclosureobligorshallbedisclosedtoallinvestorsatthesametimeandshallnotbedisclosedtoanyentityorindividualinadvance. However, if it is otherwise provided for in any law or administrativeregulation,suchprovisionsshallprevail. Priortothedisclosureofinsiderinformationinaccordancewiththelaw,anyinsiderwhohasaccesstoanyinsiderinformationoranypersonwhohasillegallyobtainedanyinsiderinformationmaynotpublicizeordivulgesuchinformationorconductanyinsidertradingbytakingadvantageofsuchinformation.Noentityorindividualmayillegally require an information disclosure obligor to provide any undisclosedinformationwhichshallbedisclosedinaccordancewiththelaw. Article5ThedirectorsoftheboardandseniorexecutivesoftheCompanyshallperformtheirdutiesfaithfullyanddiligently,andensurethattheinformationwillbedisclosedtruthfully,accurately,completely,fairlyandintime. Article6Inadditiontotheinformationthatshallbedisclosedinaccordancewiththelaw,aninformationdisclosureobligormayvoluntarilydiscloseinformationrelatedtothevaluejudgmentandinvestmentdecisionmadebytheinvestors,whichshallnotconflictwiththeinformationdisclosedinaccordancewiththelawandmaynotmisleadtheinvestors. Theinformationvoluntarilydisclosedbytheinformationdisclosureobligorshallbeauthentic, accurate and complete. The voluntary information disclosure shall besubject to the principle of fairness, and the continuity and consistency of theinformationdisclosureshallbekept.Noselectivedisclosureshallbemade.AninformationdisclosureobligorshallnotimproperlyaffectthetradingpricesoftheCompany'ssecuritiesaswellasthederivativesthereofbytakingadvantageoftheinformationvoluntarilydisclosed,orengageinanyillegalornon-compliantactionssuch as market manipulation by taking advantage of the voluntary informationdisclosure. Article7IftheCompanyanditsactualcontroller,shareholders,relatedparties,boarddirectors,seniorexecutives,acquirers,assettransactioncounterparties,bankruptcyrestructuringinvestorsandotherrelevantpartiesmakeanypubliccommitments,suchcommitmentsshallbetimelydisclosedandfullyimplemented. Article8Theinformationdisclosuredocumentsincludeperiodicandinterimreports,IPO prospectuses, fundraising prospectuses, listing announcements, acquisitionreports,etc. Article9TheinformationdisclosedinaccordancewiththelawshallbepublishedonbytheCSRC,andshallalsobesimultaneouslymadeavailableforpublicreferenceatboththeCompany’sdomicileandthestockexchange. Thefulltextofthe informationdisclosuredocumentsshallbepresentedon thewebsitesofthestockexchangeandofthenewspaperandmagazinesthatmeettheconditionsprescribedbyCSRCinaccordancewiththelaw.Theabstractofperiodicreportsandacquisitionreports,etc.,shallalsobedisclosedonthewebsiteofthestockexchangeandonthenewspaperandmagazinesthatmeettheconditionsprescribedbyCSRC. NoinformationdisclosureobligormayreplacetheduereportingorannouncementobligationswithanyformssuchaspressconferenceorQ&Awithjournalistsorreplacethedueadhocreportingobligationswiththeformofperiodicreports.Article10TheinformationdisclosureobligorshallsubmitthemanuscriptoftheinformationdisclosureannouncementsandrelevantdocumentsforfuturereferencetotheProvincialBureauofCSRCinHubeiProvince. Article11TheinformationdisclosuredocumentsshallbeinChinese.Incaseofaversioninaforeignlanguageatthesametime,theinformationdisclosureobligorshallensurethatthecontentofthetwotextsisconsistent.Incaseofanydiscrepancybetweenthetwoversions,theChineseversionshallprevail. ChapterIIDisclosureofPeriodicReports Article12Theperiodic reports that the Company shall discloseinclude annual,semi-annualreportsandbasedontherequirementoftheShenzhenStockExchange,quarterlyreports.Anyinformationthatmaysignificantlyaffectinvestorsinmakingvaluejudgmentsandinvestmentdecisionsshallbedisclosed. ThefinancialstatementsintheannualreportshallbeauditedbyanaccountingfirmthatcomplieswiththeprovisionsoftheSecuritiesLaw. Article13Theannualreportshallbecompletedanddisclosedwithinfour(4)monthsfromtheendofeachfiscalyear,thesemi-annualreportwithintwo(2)monthsfromtheendofthefirsthalfofeachfiscalyear,andquarterlyreportswithinonemonthfromtheendofthefirstthreemonthsandthefirstninemonthsofeachfiscalyear.Article14Theannualreportshallcontainthefollowinginformation:(I)BasicinformationoftheCompany (II)Mainaccountingdataandfinancialindicators (III)InformationonissuanceofCompany'ssharesandbondsandchangesthereto;thetotalamountofsharesandbondsandthetotalnumberofshareholdersattheendofthereportingperiod;aswellasinformationontheshareholdingoftheCompany'stopten(10)shareholders. (IV)Informationonshareholdersholdingfivepercent(5%)ormoreoftheshares,thecontrollingshareholdersandtheultimatecontrollers (V) Appointment of directors and senior executives, their changes and annualremuneration (VI)Reportsoftheboardofdirectors (VII)Managementdiscussionandanalysis (VIII)MaterialeventsoccurringwithinthereportingperiodandtheirimpactontheCompany (IX)Fulltextoffinancialreportsandauditreports;and (X)OthermattersasstipulatedbytheCSRC. Article15Thesemi-annualreportshallcontainthefollowinginformation:(I)BasicinformationoftheCompany (II)Mainaccountingdataandfinancialindicators (III)InformationonissuanceoftheCompany'ssharesandbondsandchangesthereto;thetotalnumberofshareholdersaswellasinformationontheshareholdingoftheCompany'stopten(10)shareholders;changesofcontrollingshareholderandultimatecontroller (IV)Managementdiscussionandanalysis (V)Materialeventsoccurringwithinthereportingperiod,suchasmateriallawsuitsandarbitrationsandtheirimpactontheCompany (VI)Financialreports;and (VII)OthermattersasstipulatedbytheCSRC. Article16ThequarterlyreportshallcontaintheinformationrequiredbytheShenzhenStockExchange. Article17AllperiodicreportsshallbedeliberatedandapprovedbytheboardofdirectorsoftheCompany.Anyperiodicreportthathasnotbeendeliberatedandadoptedbytheboardofdirectorsshallnotbedisclosed.ThefinancialinformationpresentedinperiodicreportsshallbereviewedbytheAuditCommitteeandsubmittedtotheboardofdirectorsforconsiderationuponapprovalbyamajorityofallmembersoftheAuditCommittee. In case any of the directors are unable to ensure the truthfulness, accuracy orcompletenessofanyperiodicreportorhaveanyobjections,theyshallvoteagainstorabstainfromvotingduringthedeliberationoftheboardofdirectors.IfanymemberoftheAuditCommitteeisunabletoensurethetruthfulness,accuracyorcompletenessofthefinancialinformationinanyperiodicreportorhasanyobjection,heorsheshallvoteagainstorabstainduringthereviewoftheperiodicreport. Theboardofdirectorsandseniorexecutivesshallsignwrittenconfirmationopinionsonperiodicreportsandstatewhetherthepreparationanddeliberationproceduresoftheboardofdirectorsareincompliancewiththelaws,administrativeregulationsandprovisions of the CSRC and whether the contents of the report can truthfully,accuratelyandcompletelyreflecttheactualsituationoftheCompany.Ifanyofthedirectorsandseniorexecutivesisunabletoensuretheauthenticity,accuracyorcompletenessofthecontentofanyperiodicreportorhasanyobjectionagainstthecontent,theyshallexpresstheiropinionsandstatetheirreasonsinwriting,andtheCompanyshalldisclosesuchopinions.IftheCompanyrefusestodoso,thedirectorsandseniorexecutivesmayapplyfordisclosuredirectly. The directors and senior executives shall follow the principle of prudence inexpressing their opinions in accordance with the preceding paragraph, and theirresponsibilitytoensuretheauthenticity,accuracyandcompletenessofthecontentsofanyperiodicreportshallnotbeexemptedbythatveryact. Article 18 If the Company foresees a loss or any substantial alteration of itsperformances,itshallmakeatimelypre-announcement. Article19Ifthereisaleakoranyhearsayaboutthefinancialperformance,oranyabnormalfluctuationinthetradingofsecuritiesandderivativesoftheCompanybefore the disclosure of its periodic reports, the Company shall disclose thepreliminaryfinancialresultsinatimelymanner. Article20Ifanon-standardauditopinionisissuedonthefinancialreportsintheperiodicreport,theboardofdirectorsoftheCompanyshallmakeaspecialreportontherelateditems. Chapter3DisclosureofInterimReports Article21WheretheoccurrenceofanymaterialeventislikelytohaveasignificantimpactonthetradingpriceoftheCompany'ssecuritiesanditsderivatives,andtheinvestorshaveyettobeinformed,theCompanyshallpromptlydiscloseitsoccurrenceandexplainthecause,thecurrentstatusandthelikelyeffect. Amaterialeventreferredtointheprecedingparagraphshallinclude:(I) MaterialeventasstipulatedinParagraph2ofArticle80oftheSecuritiesLaw; (II) Occurrenceofliabilityforanysignificantsumofcompensation;(III) Provisionforanysignificantamountofassetimpairment; (IV) Occurrenceofnegativevalueofshareholders’equity; (V) TheCompany'smaindebtorbecomesinsolventorentersbankruptcy,andthe Company has not made full provision for bad debts for thecorrespondingcredits; (VI) Anynewlypromulgatedlaw,regulation,rules,orindustrialpolicythatmaymateriallyaffecttheCompany; (VII) TheCompanycarriesoutanyequityincentiveprogram,repurchaseofitsshares,majorassetrestructuring,spin-off,orlisting; (VIII) Thecontrollingshareholderisprohibitedbytheruleofanycourtfromtransferringitsshares; Sharesofanyshareholderaccountingforfivepercent(5%)ormoreoftheCompany'stotalequitybeingpledged,frozen,judiciallyauctioned,heldincustody,placedintrust,orrestrictedinvotingrightsinaccordancewiththelaw,orforcedtransferofownership; (IX) TheCompany'smainassetsareseized,impoundedorfrozen;orthemainbankaccountsarefrozen; (X) The Company anticipates a loss or substantial change in its businessperformance; (XI) Themainorallofitsbusinesscomestoahalt; (XII) TheCompanyreceivesextraneousincomethathasamaterialimpactonthecurrentprofitorloss,whichmayhaveamaterialeffectonitsassets,liabilities,equity,oritsbusinessperformance; (XIII) TheappointmentordismissaloftheaccountingfirmasanauditoroftheCompany; (XIV) Significantautonomouschangesinaccountingpoliciesandaccountingestimation; (XV) The Company is ordered by the relevant authorities or the board ofdirectorsdecidestomakecorrectionstopreviousdisclosedinformationdue to errors, failure to disclose information as required or falsestatements; (XVI) TheCompanyoritscontrollingshareholder,theultimatecontroller,anydirector or senior executive is subject to criminal penalties, underinvestigationoradministrativepenaltiesbytheCSRCduetosuspicionofviolatingthelaw,orsubjecttosignificantadministrativepenaltiesbyotherauthoritiesentitledtodoso; (XVII)Thecontrollingshareholder,theultimatecontroller,directorsandseniorexecutivesoftheCompanyaresuspectedofseriousdisciplinaryoffencesorduty-relatedcrimes,oraredetainedbythedisciplinaryinspectionandsupervisionauthorities,whichconsequentiallyaffectstheirperformanceofduties; (XVIII) Anyofthedirectorsseniorexecutivesotherthanthechairmanoftheboard,ortheCEOoftheCompanyareunabletonormallyperformtheir duties for more than three (3) months due to health issues, workarrangementsandotherreasons,oraresubjecttomandatorymeasures adoptedbythecompetentauthoritiesforallegedviolationofthelaw,whichconsequentiallyaffecttheperformanceoftheirduties; (XIX) OthermattersasprescribedbytheCSRC If the controlling shareholder or the ultimate controller of the Company has asignificantinfluenceontheoccurrenceorprogressofanymajorevent,heorsheshallpromptlyinformtheCompanyinwritingoftherelevantcircumstancestowhichheorsheisawareandcooperatewiththeCompanyinfulfillingtheinformationdisclosureobligations. Article 22Any change to the Company's name, stock abbreviation,Articles ofAssociations,registeredcapital,registeredaddress,mainofficeaddressandcontactnumbershallbedisclosedimmediately. Article23TheCompanyshallperformtheinformationdisclosureobligationofamaterialeventinatimelymanneratanyofthefollowingpointsoftimewhenitfirstoccurs: (I)theboardofdirectorsformsaresolutiononthematerialevent; (II)thepartiesconcernedsignaletterofintentoragreementinrespectoftheevent;(III) the directors or senior executives become or should become aware of theoccurrenceofthematerialevent. Ifanyofthefollowingcircumstancesoccurspriortotheeventsmentionedintheprecedingparagraph,theCompanyshalltimelydisclosethestatusofallrelevantmattersandtheriskfactorsthatmayaffectthedevelopmentofthesignificantevent:(I)Thematerialeventisdifficulttokeepconfidential (II)Thematerialeventhasbeendivulgedorrumorsemergeinthemarket;(III)ThesecuritiesoftheCompanyandthederivativesthereofareabnormallytradedArticle24IfthedisclosureofanymaterialeventbytheCompanyleadstoanydevelopmentorchangethatmaysignificantlyaffectthetradingpriceofitssecuritiesandderivatives,itshalldisclosethedevelopmentorchangeandthelikelyimpactinatimelymanner. Article25IncaseamaterialeventasstipulatedinArticle21ofthisManagementPolicy occurs in any of the Company's controlled subsidiaries, which maysignificantlyaffectthetradingpriceofitssecuritiesandderivatives,itshallfulfillitsobligationofinformationdisclosure. IfaneventoccursinasubsidiaryinwhichtheCompanyholdsequityandmayresultin a significant impact on the trading price of the Company’s securities andderivatives,itshallfulfillitsinformationdisclosureobligations.Article26Whereanyacquisition,merger,division,issuanceofshares,repurchaseofshares,etc.inwhichtheCompanyisinvolvedresultsinsignificantchangestoitstotalequity,shareholdersortheultimatecontroller,theinformationdisclosureobligorshallperformtheobligationtoreportandannouncetheequitychangesinaccordancewiththelaw. Article27TheCompanyshallkeeptrackonanyabnormaltradingofitssecuritiesandderivativesaswellasrelevantmediacoverage. IfanyabnormaltradingormediareportmaymateriallyaffectthetradingoftheCompany's securities and derivatives, it shall promptly ascertain the facts fromrelevantparties,inquireinwritingandclarifyinpublicifnecessary.The Company's controlling shareholder, ultimate controller and parties acting inconcertshalltimelyandaccuratelynotifytheCompanywhetherthereisanyproposedsharetransfer,assetrestructuringorothersignificanteventandcooperatewiththeCompanyinthedisclosureofinformation. Article28IfthetradingoftheCompany'ssecuritiesandderivativesisidentifiedasabnormaltradingbytheCSRCortheShenzhenstockexchange,itshalltimelyassesstheactorstriggeringtheabnormalfluctuationsintradinganddisclosetheminatimelymanner. Chapter4ManagementoverInformationDisclosureAffairs Section1ProceduresforInformationDisclosure Article29Proceduresforthepreparation,deliberationanddisclosureofperiodicreportsareasfollows: (I) ThedivisionsoftheheadquarteroftheCompanyandeachsubsidiaryshallprovidebasicinformationdiligently.TheCEO,theCFO,andthesecretaryoftheboardofdirectorsshallorganizeandleadtherelevantteamstodraftperiodicreportsinatimelymannerandsubmitthefinancialinformationcontainedintheperiodicreportstotheAuditCommitteeforreviewandtotheBoardofDirectorsfordeliberation. (II) Thechairmanoftheboardshallberesponsibleforconveningandchairingthemeetingoftheboardofdirectorstoreviewanddeliberatetheperiodicreports. (III) ThedirectorsandseniorexecutivesoftheCompanyshallsignawrittenconfirmationregardingtheperiodicreports. (IV) Aftertheboardmeetingapprovestheperiodicreports,thesecretaryoftheboard shall be responsible for arranging the relevant departments todisclosetheperiodicreports. Article 30 Procedures for the preparation, deliberation and disclosure of interimreportsareasfollows: (I) Whenthedirectorsandseniorexecutivesbecomeawareofamaterialevent,theyshallimmediatelyreporttothechairmanoftheboardand inform the secretary of the board. Heads of all departments andsubsidiariesoftheCompanyshallimmediatelynotifytheboardsecretaryuponbecomingawareoforpreparinganymaterialmatter,soastohelptopromptly assess if the disclosure obligation should be fulfilled. ThesecretaryoftheboardwillarrangeandcoordinatetherelevantpartiesoftheCompanytodraftthedisclosureoftheinterimreports. (II) Foreventsthatrequireresolutionoftheboardofdirectorsandthegeneralmeeting of shareholders, the secretary of the board shall arrange andcoordinatetherelevantpartiesoftheCompanyprepareaninterimreportbasedontheinstructionsandresolutionsoftheboardofdirectorsandthegeneralmeetingofshareholders. ForinformationdisclosureofanymaterialeventprescribedinArticle21ofthisManagementPolicyandnotsubjecttotheapprovaloftheboardofdirectorsandthegeneralmeetingofshareholders,thesecretaryoftheboardshallarrangeandcoordinatetherelevantpartiesoftheCompanypreparethecorrespondinginterimreports. (III) Thedraftinterimreportshallbereviewedbythesecretaryoftheboardandshallbeapprovedforreleasebythechairmanoftheboard(ortheCEO authorizedbythechairmanoftheboard). (IV) ThesecretaryoftheboardshallsubmittheapprovedinterimreportstotheShenzhenStockExchangeinatimelymanner. Article31TheinformationdisclosedbytheCompanyshallbepublishedintheformoftheannouncementoftheboardofdirectors.Directorsandotherseniorexecutivesotherthanthesecretaryoftheboardshallnotreleaseundisclosedinformationtothepublicwithoutauthorizationinwritingbytheboardofdirectors. Article 32 The Company formulates and implements the Investor RelationsManagementPolicy,whichconstitutestheframeworkforinformationcommunicationbetweentheCompanyandinvestors,securitiesserviceproviders,medias,andotherrelevant parties. The Company shall not provide insider information when itcommunicateswithanyentityorindividualregardingitsoperation,financialstatusandotherissuesthroughperformancepresentation,analysts’meeting,roadshowsorinvestors’inquiries. Section2ResponsibilitiesofInformationDisclosure Article 33 The board of directors shall lead the information disclosure of theCompanyandimplementtherulesstipulatedinthisManagementPolicy.(I) ThechairmanoftheboardshallbetheprimarypersonresponsibleforthemanagementoverinformationdisclosureaffairsoftheCompany. (II) Thesecretaryoftheboardshallberesponsibleforthearrangementandcoordinationofinformationdisclosureaffairs. (III) Asthestandinginstitutionforinformationdisclosure,thedepartmentofsecurities and legal affairs, led by the secretary of the board, shallspecifically handle relevant affairs, contacts with investors andshareholders,receivingvisitors,answeringinquiries,providinginvestorswith information publicly disclosed by the Company and other dailyfunctioningaffairs.OtherrelevantfunctionaldepartmentsoftheCompanyand its subsidiaries shall closely cooperate with the department ofsecuritiesandlegalaffairsandthesecretaryoftheboardofdirectorstoensurethatthedisclosureofinformationinalltheperiodicandinterimreportscanbecarriedoutinatimelymanner. Article34Theinformationdisclosureobligorholdstheresponsibilitytoprovidethematerial and information required for the relevant information disclosure to thesecretaryoftheboardinatimelymanner. Article35ThedirectorsandseniorexecutivesoftheCompanyshalldiligentlyfulfilltheir duties, pay careful attention to the preparation and drafting of informationdisclosuredocumentsandensurethatperiodicandinterimreportsaredisclosedwithintheprescribedperiod. Article36DirectorsoftheboardshallbeawareofandpaycontinuousattentiontothebusinessoperationandfinancialstatusoftheCompanyandanysignificanteventoftheCompanythathasoccurredormayoccuraswellastheimpactsandtaketheinitiativetoinvestigateandobtaintheinformationrequiredfordecision-making.Article37TheAuditCommitteeshallmonitortheCompany'sdirectorsandseniorexecutivesintheperformanceoftheirinformationdisclosureduties;payattentiontotheinformationdisclosure,andifidentifyinganyviolationofinformationdisclosureinvestigateandsuggestproperhandling. Article38Seniorexecutivesshallreporttotheboardofdirectorsinatimelymanneron significant issues related to the business operation or financial status of theCompany,anydevelopmentoforchangesinadisclosedeventandotherrelevantinformation. Article 39 The secretary of the board shall be responsible for collecting theinformationtobedisclosedbytheCompany,analyzingandjudging informationsignificance. Ifitisnecessarytofulfilltheobligationofinformationdisclosureinaccordancewithsecretaryoftheboardshallreporttotheboardofdirectorsinatimelymannerandrequesttogothroughthecorrespondingproceduresanddisclosetothepublic.ThesecretaryoftheboardshallalsocontinuouslypayattentiontothemediacoverageontheCompanyandtaketheinitiativetoseekverification. Thesecretaryoftheboardhastherighttoattendthegeneralmeetingofshareholders,themeetingoftheboard,themeetingoftheAuditCommitteeandrelevantmeetingsoftheseniorexecutivestounderstandthefinancialandoperationalsituationoftheCompanyandconsultalldocumentsrelatedtoinformationdisclosurematters.The secretary of the board is responsible for handling matters related to theannouncementoftheCompany'sinformationtothepublic. TheCompanyshallfacilitatethesecretaryoftheboardtoperformone’sduties,andtheCFO shallcooperatewith thesecretary of the boardin thework related tofinancialinformationdisclosure. Article 40 When the following events occur, the shareholders or the ultimatecontrolleroftheCompanyshalltaketheinitiativetoinformtheboardofdirectorsandcooperatewiththeCompanyinfulfillingitsinformationdisclosureobligations:(I) Asubstantialchangeintheshareholdingofashareholderwhoholdsfivepercent(5%)ormoreofthetotalequity,ortotheshareholdingproportionor control over theCompany of the person in effective control, or asubstantialchangetotheultimatecontrollerandotherenterprisesunderone’scontrolwhichareengagedinthesameorsimilarbusinessasthe Company. (II) Acourtrulestoprohibitthetransferofsharesheldbythecontrollingshareholder; or five percent (5%) or more of the total shares of theCompanyheldbyanyshareholderarepledged,frozen,judiciallyauctioned,entrusted,setupintrustorrestrictedinvotingrightsinaccordancewiththelaw;orthereisariskofforcedtransferofownership. (III) ProposedmajorassetorbusinessrestructuringoftheCompany.(IV) OthercircumstancesasprescribedbytheCSRC. Where, prior to the information disclosure in accordance with the law, relevantinformation has been circulating in the media, or if there are abnormal tradefluctuationsinthesecuritiesandderivativesoftheCompany,theshareholderortheultimatecontrollersshallsubmitatimelyandaccuratewrittenreporttotheCompanyandcooperatetomaketimelyandaccurateannouncementaccordingly. TheshareholdersorultimatecontrollersoftheCompanyshallneitherabusetheirrightsordominantpositionnorrequesttoprovidethemwithinsiderinformation.Article41WhentheCompanyissuessharestoqualifiedinvestors,itscontrollingshareholders,ultimatecontrollersandtherecipientshallproviderelevantinformationto the Company in a timely manner and cooperate in fulfilling its informationdisclosureobligations. Article42Thedirectors,seniorexecutives,shareholdersholdingfivepercent(5%)ormoreoftheshares,partiesactinginconcertandtheultimatecontrollershallsubmittotheboardofdirectorsalistofrelatedpartiesandindicatetheassociatedrelationshipsconcernedinatimelymanner. TheCompanyshallfulfillthedeliberationproceduresforrelated-partytransactionsandstrictlyimplementthevotingabstentionrulesinrelatedpartytransactions.ThepartiestothetransactionshallnotcircumventtheCompany'sprocedurestoreviewtherelated-partytransactionsandinformationdisclosureobligationsbyconcealingtheconnectedrelationshiporadoptingothermeans. Article43Ashareholderwhoholdsfivepercent(5%)ormoreofthetotalequityoftheCompanyorapersonineffectivecontrolbyacceptingacommissionortrustshallpromptlyinformtheCompanyofinformationabouttheprincipalandcooperatewiththeCompanyinfulfillingtheinformationdisclosureobligations. Section3SuspensionandExemptionofInformationDisclosure Article 44 If the Company or other information disclosure obligor possessesconclusiveandsufficientevidencedemonstratingthattheinformationproposedfordisclosureinvolvesnationalsecretsorothermatterswhosedisclosuremayresultinbreachesofnationalconfidentialityregulationsormanagementrequirements,suchdisclosureshallbeexemptedinaccordancewiththelaw. WhereinformationproposedfordisclosurebytheCompanyorotherinformationdisclosure obligor involves commercial secrets or confidential commercialinformation(hereinaftercollectivelyreferredtoas“commercialsecrets”)andmeetsanyofthefollowingcircumstanceswhileremainingundisclosedoruncompromised,disclosure may be suspended or exempted in accordance with relevant CSRCregulations, (I) Where the information constitutes core technological information, etc., anddisclosuremayleadtounfaircompetition. (II)WheretheinformationpertainstotheCompany'sownbusinessdetailsorthebusinessdetailsofclients,suppliers,orotherparties,anddisclosuremayinfringeupontheCompany'sorsuchparties'commercialsecretsorcausesubstantialdetrimenttotheirinterests. (III)WheredisclosuremayotherwisecausesubstantialdetrimenttotheinterestsoftheCompanyorotherparties. Article45Incaseoftheoccurrenceoftheanyofthefollowingcircumstancesafteraninformation disclosure obligor has suspended or been exempted from disclosingcommercialsecrets,disclosureshallbemadepromptly. (I)Thecausesforsuspensionorexemptionhaveceasedtoexist; (II)Therelevantinformationhasbecomedifficulttokeepconfidential;(III)Therelevantinformationhasbeendisclosedorspreadoutinthemarket.Article 46 Where the Company suspends or exempts disclosure of relevantinformation,thesecretaryoftheboardshallpromptlyrecordsuchmatters,whichshallbedulysignedoffbythechairmanoftheboardbeforebeingproperlyarchivedforsafekeeping. Article47TheCompanyshallestablishpoliciesforthesuspensionandexemptionofinformationdisclosure. Section4ManagementonInformationDisclosureFiling Article48ThedocumentsandinformationrelatedtothedisclosureaccordingtoprovisionsofthisManagementPolicyshallbefiledbythedepartmentofsecuritiesandlegalaffairsandmanagedinaccordancewiththeCompany'sfilemanagementpolicy. Article49TheperformanceofdutiesbydirectorsoftheCompanyshallberecordedbythedepartmentofsecuritiesandlegalaffairs.Theperformanceofdutiesbyseniorexecutives shall be recorded by the general office of the headquarter. RecordspertainingtotheperformanceofdutiesbyboarddirectorsandseniorexecutivesshallbemanagedinaccordancewiththeCompany'sarchivemanagementsystem.Section5ConfidentialityMeasuresforUndisclosedInformation Article50ApersonwhogetstoknowanyundisclosedandmaterialinformationoftheCompanybeforeitisdisclosedshallberesponsibleforkeepingitconfidential.Article51Theboardofdirectorsshalltakenecessarymeasurestominimizethenumberofinsidersbeforethedisclosureofanymaterialinformation.Article52TheCompanyshallimplementaregistrationmanagementsystemforthosewhoholdinsiderinformation.Beforethedisclosureofanyinsiderinformationinaccordancewiththelaw,theCompanyshallpreparefilesaboutrelevantinsidersandreporttotheShenzhenStockExchangewithinfive(5)tradingdaysafterthefirstpublicannouncementoftheinsiderinformationinaccordancewiththelawasmaybechangedfromtimetotime. Article53Incarryingoutbusinessactivities,ifvariousdepartmentsoftheCompanyareinactualneedtoprovidenon-publicmaterialinformationtocounterparties,agents,otherinstitutionsandrelevantpersonnelwhoareunderconfidentialityobligationstotheCompanyduetospecialcircumstanceswhilepromotingbusinessactivities,theyshallrequiretherelevantinstitutionsandpersonneltosignconfidentialityagreements,otherwisetheyshallnotprovidetherelevantinformation. Article 54The relevant departments of the Company shall carefully review thecontentsofreportsatlargeandimportantinternalmeetingsaswellasspeechesandwritten materials prepared for meetings held by the controlling shareholders.Regarding any relevant undisclosed and material information, the scope ofcommunicationshallbelimited,andconfidentialityrequirementsshallbemadetothereportdraftersandparticipantsofthosemeetings.TheparticipantsofnormalworkingmeetingsoftheCompanyhavetheresponsibilityofconfidentialityoftherelevantimportantinformationstipulatedinthisManagementPolicy. Section6ManagementandReportingonInformationDisclosureAffairsofDepartmentsandSubsidiaries Article55TheheadsofdepartmentsandsubsidiariesoftheCompanyshallbetheprimary person responsible for the management and reporting of informationdisclosurerelatingtoitsaffairs.TheheadsofdepartmentsandsubsidiariesshallappointadesignatedpersonresponsibleforthemanagementofrelevantinformationdisclosuredocumentsandmaterialsandreportingtothesecretaryoftheboardoftheCompanyinatimelymanneranymaterialinformationrelatedtothedepartment(orthesubsidiary). Article 56 The Company's controlled subsidiaries shall refer to material eventsprescribedbythisManagementPolicyandreportinwritingtothesecretaryoftheboardoftheCompanyinatimelymannerthecorrespondingeventsoccurringintheircompanies,andthesecretaryshallberesponsibleforthedisclosureofinformationinaccordancewiththeprovisionsofthisManagementPolicy. Section7StandingInstitutionandContactsforInformationDisclosureArticle57The department of securities and legal affairs of the Company is itsstanding institution for information disclosure and investor reception with thefollowingcontactdetails. Tel：010-56718110 E-mail：IRChina@adama.com Chapter5InternalControlandSupervisionofFinancialManagementandAccounting Article58TheCompanyestablishesandimplementsaninternalcontrolsystemforfinancialmanagementandaccounting.TheinternalauditdepartmentshouldconductregularoradhocoversightsandreportperiodicallytotheAuditCommitteeoftheboardofdirectorsasrequired. Chapter6LegalLiabilities Article59ThedirectorsandseniorexecutivesoftheCompanyshallberesponsibleforthetruthfulness,accuracy,completeness,timelinessandfairnessofinformationdisclosure,exceptcaseswithsufficientevidencefortheirdiligencetohaveperformedtheirduties. Thechairman,theCEO,andsecretaryoftheboardshallbeprimarilyresponsibleforthetruthfulness,accuracy,completeness,timelinessandfairnessoftheinformationdisclosedinanyinterimreportoftheCompany. Thechairman,theCEOandtheCFOoftheCompanyshallbeprimarilyresponsibleforthetruthfulness,accuracy,completeness,timelinessandfairnessofthedisclosedfinancialstatementsoftheCompany. Article60Ifany negligence of theparties related to the information disclosurecoveredbythisManagementPolicycausesviolationoflawsofinformationdisclosureand consequentially triggers serious impact or loss to the Company, the personresponsibleshallbecriticized,warned,orevendismissedfromhisorherposition.Article61TheCompanyreservestherighttopursuetheresponsibilityofconsultants,staffofagentsandassociateshiredbytheCompanyifanyofthesedisclosestheCompany'sinformationwithoutauthorizationandcauselosses. Chapter7SupplementaryProvisions Article62ThisManagementPolicyshallbeinterpretedandamendedbytheboardofdirectorsoftheCompany. Article63IncaseofanymattersnotcoveredbythisManagementPolicyoranyconflict between this Management Policy and relevant laws, administrativeregulations, regulatory documents and other relevant provisions, the latter shallprevail. Article64ThisManagementPolicyshalltakeeffectfromthedateofapprovalbytheboardofdirectorsoftheCompany,replacingthe"InformationDisclosureAffairsManagementPolicy"(revisedinMarch2022)adoptedattheNinthMeetingoftheNinthSessionoftheBoardofDirectors. BoardofDirectorsofADAMALtd. October28,2025 中财网
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