Stock Code: 000553(200553)     Stock Abbreviation: ADAMA A(B) Announcement No.2021-7




                                   ADAMA Ltd.
                 Announcement of Resolutions of the 16th
   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 16th Meeting of the 8th Session of the Board of Supervisors of ADAMA Ltd.
  (hereinafter referred to as the “Company”) was held via an on-site and video conference
  meeting on March 29, 2021 following notifications sent to all the supervisors by email
  of March 26, 2021. Three supervisors were entitled to attend the meeting and three
  supervisors attended.

  The meeting complies 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 2020 Working Report of the Board of Supervisors

  This proposal was passed with 3 affirmative votes, 0 negative votes and 0 abstentions.
  This proposal is subject to the approval of the Shareholders.

  In 2020, the Board of Supervisors of the Company (hereinafter referred to as “BOS”)
  strictly abided by the laws, regulations, Articles of Association of the Company, and Rules
  of Procedures of the BOS to perform the fiduciary and diligence duty, and gave a full play
  to its role.

  I. Meetings in the Reporting Period

  During the reporting period, there were four BOS meetings.

  1. The 12th meeting of the 8th session of the BOS on April 27, 2020 approved 2019 BOS

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Working Report, 2019 Annual Report, Q1 2020 Report and other eight proposals.

2. The 13th meeting of the 8th session of the BOS on August 19, 2020 approved the 2020
Semi-Annual Report and the special report on the deposit and actual use of the raised funds
in the first half-year of 2020.

3. The 14th meeting of the 8th session of the BOS on October 28, 2020 approved the
Proposal on the Use of the Raised Funds for the Acquisition of the 51% Equity Stake in
Jiangsu Kelinong Agrochemical Co., Ltd. as well as that in Shanghai Dibai Plant
Protection Co., Ltd. and the Proposal on the Nomination of a Non-Employee Supervisor of
the 8th Session of the BOS.

4. The 15th meeting of the 8th session of the BOS on October 29, 2020 approved Q3 2020
Report.

II. Supervisory Opinions of BOS

The members of the BOS attended all the BOD meetings and the Shareholders Meeting in
2020, discussed the major issues of the Company, and fully expressed their independent
opinions.

BOS of the Company has no disagreement on the matters of the Company in 2020.

2. Proposal on the 2020 Annual Report and its Abstract

After reviewing, the Board of Supervisors confirm that the preparing and reviewing
procedures of the 2020 Annual Report adopted by the Board of Directors are in line
with the requirements of the laws, the regulations, and the provisions of CSRC. The
contents of the 2020 Annual Report and its Abstract are true, accurate and complete
with no false or misleading statement or material omission.

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

3. Proposal on the 2020 Financial Statements

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

4. Proposal on the Pre-Plan of the 2020 Dividend Distribution

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

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5. Proposal on the Self-Assessment Report on the 2020 Internal Control of the
   Company

The Board of Supervisors are of the opinion that the Company has established a
relatively perfect internal control system, which meets the requirements of relevant
laws and regulations and the actual needs of the Company’s production and operation
management, and can be effectively implemented, ensuring the normal development of
the Company’s business activities, and protecting the safety and integrity of the
Company’s assets. The Company’s Assessment Report on Internal Control meets the
requirements of the Basic Standards of Enterprise Internal Control. The report truly and
objectively evaluates the establishment, perfection and implementation of the
Company’s internal control system.

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

6. Proposal on the Engagement with an Audit Firm for the Audit of the Financial
   Statements and Internal Control of the Company for 2021

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

7. Proposal on the Special Report on the Deposit and Actual Use of the Raised
   Funds in 2020

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




It is hereby announced.



                                                Board of Supervisors of ADAMA Ltd.

                                                                       March 31, 2021




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