Stock Code: 000553(200553)    Stock Abbreviation: ADAMA A(B)    Announcement No.2019-24




                                     ADAMA Ltd.

     Announcement on the Progress of the Acquisition of 100% of the
      Equity Interests in Jiangsu Anpon Electrochemical Co., Ltd.


  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.



       1. Overview of this Transaction

       ADAMA Ltd. (the “Company”) executed the Equity Interest Transfer Agreement
  in relation to the acquisition of 100% of the Equity Interests in Jiangsu Anpon
  Electrochemical Co., Ltd. (“Anpon”) with CNAC International Company Limited
  ( the “Seller”) and China National Agrochemical Co. Ltd. on March 19, 2019. Please
  refer to the Announcement on the Acquisition of 100% of the Equity Interests in
  Jiangsu

  Anpon Electrochemical Co., Ltd., in a Related-Party Transaction (No. 2019-16)
  which was disclosed on March 21, 2019, for the details.

       2. The Progress of this Transaction

       As of the date hereof, according to the provisions of the Equity Interest Transfer
  Agreement, the parties of this Transaction agreed that the closing date of this
  Transaction is March 29, 2019. The Company and the relevant parties will proceed
  with the commerce filing and AIC registration procedures with regard to the equity
  interest transfer as soon as possible. The Company will timely fulfill its information
  disclosure obligations in accordance with the further progress of this Transaction.

       It is hereby announced.
Board of Directors of ADAMA Ltd.

                  March 30, 2019