Stock Code: 000553 (200553) Stock Abbreviation: ADAMA A(B) Announcement No. 2020-75 证券代码 ADAMA Ltd. Announcement on the Signing of a Supplemental Agreement to the Equity Purchase Agreement The Company and all members of the Company’s Board of Directors confirm that all information disclosed herein is true, accurate and complete, with no false or misleading statement or material omission. I. Overview of the Transaction On November 5, 2019, the 18th Meeting of the 8th Session of the Board of Directors of ADAMA Ltd. (the “Company”) approved the Acquisition of a 50% Equity Stake in Shanghai Dibai Plant Protection Co., Ltd. (“Dibai”), the domestic distribution arm of Jiangsu Huifeng Agrochemical Co., Ltd. (“Huifeng”). On November 6, 2019, the Company executed an Equity Purchase Agreement (“50% Dibai Main EPA”) with Huifeng, according to which subsequent and subject to the full fulfillment of the conditions precedent under the 50% Dibai Main EPA, the Company intends to acquire the 50% equity interests in Dibai held by Huifeng (“50% Dibai Transaction”). Following execution of the 50% Dibai Main EPA, the Company executed two supplemental agreements on February 26, 2020 and October 28, 2020 respectively (together with the 50% Dibai Main EPA, the “50% Dibai EPA”). On October 28, 2020, the 27th Meeting of the 8th Session of the Board of Directors of the Company approved the Acquisition of 51% Equity Stake in Jiangsu Kelinong Agrochemical Co., Ltd., and a further 1% Equity Stake in Dibai. On the same day, the Company and Huifeng entered into an Equity Purchase Agreement (the “Extended EPA”) according to which the Company intends to purchase 51% equity interests of Jiangsu Kelinong Agrochemical Co., Ltd. (as of the date of this announcement, Jiangsu Kelinong Agrochemical Co., Ltd. has already amended its name to Adama Huifeng (Jiangsu) Co., Ltd. (the “NewCo.”)), subsequent and subject to the full 1 fulfillment of the conditions precedent under the Extended EPA (the “NewCo. Transaction”); further, the Extended EPA also provides that the Company intends to acquire an additional 1% equity interest in Dibai owned by Huifeng (the “1% Dibai Transaction”) so that the Company will own and hold 51% equity interests in Dibai after completion of the 50% Dibai Transaction and the 1% Dibai Transaction. For details, please see the Announcement on the Resolutions of the 18th meeting of the 8th Session of the Board (Announcement No. 2019-53), the Announcement on the Acquisition of 50% of the Equity Interests in Shanghai Dibai Plant Protection Co., Ltd. (Announcement No. 2019-54), the Announcement on Signing the Supplemental Agreement to the Equity Purchase Agreement (Announcement No. 2020-9), the Announcement on the Resolutions of the 27th meeting of the 8th Session of the Board (Announcement No. 2020-56), the Announcement on the Acquisition of 51% Equity Interests in Jiangsu Kelinong Agrochemical Co., Ltd. and 1% Equity Interests in Shanghai Dibai Plant Protection Co., Ltd. (Announcement No. 2020-59) and the Announcement on Signing the Supplemental Agreement II to the Equity Purchase Agreement (Announcement No. 2020-60) which were disclosed by the Company on the website www.cninfo.com.cn separately on November 7, 2019, February 27, 2020 and October 29, 2020. On December 28, 2020, the Company and Huifeng executed a Supplemental Agreement to the Equity Purchase Agreement Dated October 28, 2020, (the “Supplemental Agreement”) according to which Huifeng and the Company intend to close the 1% Dibai Transaction along with the 50% Dibai Transaction simultaneously on the same date (the “51% Dibai Transaction”). The Supplemental Agreement also refers to certain clarifications to the Extended EPA due to such arrangement. II.Key Terms of the Supplemental Agreement The Company and Huifeng clarify that as the closing of the 1% Dibai Transaction and 50% Dibai Transaction will be completed simultaneously, the “Closing” and/or the “Closing Date” applies to (1) the definition of “Closing Net Debt” for calculation of the purchase price of 1% Transaction, (2) the definition of transition period and the provisions in relation to attribution arrangement on benefits and losses during the transition period, and (3) the provisions related to purchase price adjustment, payment 2 arrangement and the closing account under the Extended EPA shall be clarified and shall all refer to the closing and closing date under the Supplemental Agreement, which is defined as the closing and/or closing date of the Dibai 51% Transaction, when such definitions, provisions or terms apply to the 1% Dibai Transaction or 1% equity interest of Dibai. III. Impact of the Supplemental Agreement on the Company The Supplemental Agreement reflects the agreed outcome of negotiations between the Company and Huifeng. It will have no adverse impact on the performance and business operations of the Company. It will also not impact the future development strategy and business plan of the Company. The interests of the shareholders will not be harmed. IV.Filling Documents The Supplemental Agreement to the Equity Purchase Agreement Dated October 28, 2020. It is hereby announced. Board of Directors of ADAMA Ltd. December 29, 2020 3