Stock Code: 000553(200553)     Stock Abbreviation: ADAMA A(B) Announcement No.2020-63




                                      ADAMA Ltd.
              Announcement of the Resolutions of the 14th
      Meeting of the 8th Session of the Board of Supervisors

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


      The 14th Meeting of the 8th Session of the Board of Supervisors of ADAMA Ltd.
      (hereinafter referred to as the “Company”) was held via video conference meeting on
      October 28, 2020 following notifications sent to all the supervisors by email. Three
      supervisors were entitled to attend the meeting and three supervisors attended.

      The meeting complied with all relevant laws and regulations as well as the Articles of
      Association of the Company. The following resolutions were deliberated and adopted:

      1. Proposal on the Use of the Raised Funds for the Acquisition of the 51% Equity
         Stake in Jiangsu Kelinong Agroche mical Co., Ltd. as well as that in Shanghai
         Dibai Plant Protection Co., Ltd.

      The Board of Supervisors is of the opinion that designating the balance of the raised
      funds for the payment for the acquisitions of a 51% equity stake in Shanghai Dibai
      Plant Protection Co., Ltd. and a 51% equity stake in Jiangsu Kelinong Agrochemical
      Co., Ltd. from Jiangsu Huifeng Agrochemical Co., Ltd. is based on the Company’s
      development needs, which is conducive to improving the efficiency of the use of raised
      funds, promoting the long-term development of the Company, and in line with the
      interests of all shareholders of the Company. The contents of the proposal and the
      decision-making procedures are in accordance with the requirements of the relevant
      laws and regulations as well as the regulatory documents of the China Securities
      Regulatory Commission and the Shenzhen Stock Exchange, and there is no damage to
      the legitimate interests of the Company and minority shareholders.

      This proposal was passed with 3 affirmative votes, 0 negative votes, and 0 abstentions.

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This proposal shall be submitted to the shareholders’ meeting for approval.

2. Proposal on the Nomination of a Non-Employee Supervisor of the 8th Session
   of the Board of Supervisors

On October 23, 2020, the Board of Supervisors of the Company (hereinafter referred to
as the “Board”) received notice from Mr. Guo Zhi informing the Company of his
resignation as a non-employee supervisor in the Company. According to the Company
Law of China and the Company's Articles of Association, the resignation of Mr. Guo
will take effect on the date a new supervisor is elected by the shareholders meeting. Mr.
Guo has agreed to continue to act as a supervisor and perform his duties until a newly
elected supervisor takes office, in accordance with applicable laws and administrative
regulations as well as the Company's Articles of Association.

The Company appreciates the contribution Mr. Guo made to the Company during his
tenure, and sincerely thanks him for his service.

The Board approves the nomination of Mr. Clement Tung to serve as a non-employee
supervisor of the Company, starting from the date of approval by the shareholders’
meeting and until the expiration of the 8 th session of the Board.

For the profile of the nominee, please refer to the appendix of this announcement.

This proposal was passed with 3 affirmative votes, 0 negative votes, and 0 abstentions.

This proposal shall be submitted to the shareholders’ meeting for approval.



It is hereby announced.

                                                  Board of Supervisors of ADAMA Ltd.

                                                                       October 29, 2020




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Appendix - Profile of the Nominee of the Supervisor

Mr. Clement Tung, born in 1969, with Hong Kong and Australian citizenship, obtained
a bachelor degree in accountancy and a master degree in business administration. He
owns Hong Kong CPA, Australian CPA & ACCA (UK) qualifications.

Mr. Clement Tung currently serves as the CFO of ADAMA China. He previously
served as the audit supervisor of KPMG, as the finance director of AB Mauri, and as the
financial controller of ASSA ABLOY Greater China.

As of the date of this Announcement, Mr. Clement Tung does not directly or indirectly
hold any of the Company’s shares. Mr. Clement Tung has no relationship with any
shareholders holding more than 5% of the Company’s shares, the actual controllers, or
other directors, supervisors and senior executives of the Company.

Mr. Clement Tung has not been subject to any punishment imposed by the CSRC and
the SZSE and does not fall under any of the circumstances stipulated in Article 3.2.3 of
the Guidelines for the Standard Operation of Listed Companies issued by the SZSE. Mr.
Clement Tung is not a judgement debtor subject to enforcement and meets all the
qualifications set under the applicable laws and regulations.




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