Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2020-73




                                     ADAMA Ltd.
             Announcement of the Resolutions of the 30th
       Meeting of the 8th Session of the Board of Directors

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


     The 30th Meeting of the 8th Session of the Board of Directors of ADAMA Ltd.
     (hereinafter referred to as the “Board” and the “Company”) was held via on-site and
     video conference meeting on December 21, 2020 following notifications sent to all the
     directors by email on December 17, 2020. Five directors were entitled to attend the
     meeting and five directors 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 2021 Work Plan

     This proposal was passed with 5 affirmative votes, 0 negative votes, and 0 abstentions.

     2. Proposal on Providing Guarantees in Favor of a Wholly-owned Subsidiary

     The Board of Directors approved providing joint liability guarantees in favor of certain
     financing banks that are to provide annual loans to ADAMA Anpon (Jiangsu) Ltd. For
     details, please refer to the Announcement on Providing Guarantees in Favor of a
     Wholly-owned Subsidiary (Announcement No.2020-72) published together with this
     Announcement.

     This proposal was passed with 5 affirmative votes, 0 negative votes, and 0 abstentions.

     3. Proposal on Bank Loans



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Based on the Company’s business and development plans, the Company is to apply for
bank loans.

Authorize any director, the President and CEO of the Company or anyone authorized
by him to handle the specific issues related to the above loans and sign the relevant
legal documents.

This proposal was passed with 5 affirmative votes, 0 negative votes, and 0 abstentions.



It is hereby resolved.

                                                  Board of Directors of ADAMA Ltd.

                                                                   December 22, 2020




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