Stock Code: 000553(200553)    Stock Abbreviation: ADAMA A (B)       Announcement No. 2020-5




                                      ADAMA Ltd.
    Announcement on Reply on the Feedback Notice of the First
    Review of the Application for Administrative Licensing from
     China Securities Regulatory Commission (No. 200037) from
                  Offeror and its Person Acting in Concert


    The Company and all members of its Board of Directors confirm that all the
    information disclosed herein is true, accurate, and complete with no false or
    misleading statement or material omission.




         On January 5th, 2020, China Chemical (Shanghai) Agricultural Technology Co.,
    Ltd. (has renamed as “Syngenta Group Co., Ltd”, hereinafter referred to as “Offeror”)
    and China National Agrochemical Co., Ltd. (hereinafter referred to as “CNAC”)
    signed the “Agreement on Share Transfer” (hereinafter referred to as the
    “Agreement”). According to the Agreement, Offeror will accept 1,810,883,039 shares
    of ADAMA Ltd. (hereinafter referred to as the “Company”) held by CNAC,
    representing 74.02% of the share capital of the Company, via free transfer (hereinafter
    referred to as the “Transfer”). The Transfer will cause Offeror to hold more than 30%
    of the Company's shares. According to the relevant regulations of the Securities Law
    of the People's Republic of China and the Administrative Measures on the Acquisition
    of Listed Companies, the Transfer will cause Offeror to bear the obligation of
    initiating a tender offer. At present, Offeror and Jingzhou Sanonda Holding Co., Ltd
    (hereinafter referred to as the “Person Acting in Concert”) have applied for an
    exemption from the tender offer obligation, and such application has been accepted by
    the China Securities Regulatory Commission (hereinafter referred to as “CSRC”).
And Offeror and its Person Acting in Concert have received Feedback Notice of the
First Review of CSRC’s Application for Administrative Licensing (No. 200037)
(hereinafter referred to as the “Feedback”).
     After receiving the Feedback, Offeror has carefully discussed with the
intermediaries on the issues listed in the Feedback, verified and implemented the
issues as replied by the CSRC, and responded to the issues involved in accordance
with the requirements of the Feedback. Detailed information can be found in [Reply
on Feedback Notice of the First Review of Application for Administrative Licensing
from CSRC (No. 200037)] announced by the Company on the website
http://www.cninfo.com.cn on the same day. The reply materials on the Feedback will
be submitted by Offeror and the Person Acting in Concert to CSRC within two
business days after the disclosure of the above reply of the Feedback.

     Offeror and its Person Acting in Concert are subject to CSRC's approval of the
exemption from the tender offer obligation, and there is still uncertainty as to whether
it can be approved. Investors are reminded to exercise caution when making
investment decisions.

     By the order of the Board.




                                                   Board of Directors of ADAMA Ltd.
                                                                    February 15, 2020