ADAMA Ltd.

   Pre-approval of the Independent Directors on the
Relevant Matters of the 12th Meeting of the 8th Session
                       of the Board of Directors

In accordance with the Company Law of the People’s Republic of China, Guidance on
Establishing the Independent Director System in Listed Companies, and other laws,
regulations and normative documents, as well as the Articles of Association and
Independent Director System, we, as the independent directors of ADAMA Ltd.
(hereinafter referred to as “Company”), had a prior review on the relevant matters of
the 12th meeting of the 8th session of the Board of Directors. We give our opinions
from the standpoint of independent judgment:




1. The Acquisition of 100% of the Equity Interests in Jiangsu Anpon Electrochemical
  Co., Ltd. (hereinafter referred to as the “Acquisition”) is in line with the Company's
  business development strategy, which is conducive to the Company's further
  development of the domestic market, and further enhances its core competitiveness.
  The Acquisition serves to eliminate horizontal competition between the Company
  and its controlling shareholder and reduces the related-party transactions in the
  routine business of the Company. Therefore, the Acquisition is in line with the
  interests of the Company and shareholders.


2. The Company plans to change the designated projects and use the raised funds to
   pay the considerations of the Acquisition is the result of a prudent decision made
   in light of the operational needs of the Company.


3. We pre-approve the Acquisition and the change of the designated projects, and
   agree to submit them to the Board of Directors.
 (The signature page of Pre-approval of the Independent Directors on the Relevant
Matters of the 12th Meeting of the 8th Session of the Board of Directors)




Independent Director Signature:




__________________                               ___________________

    Tang Yunwei                                        Xi Zhen




                                                                 March 19, 2019