ADAMA Ltd.
Special Report on Amounts due from the
Controlling Shareholder and Other Related Parties
For the year ended December 31, 2020
Note: The Special Report on Amounts due from the Controlling Shareholder and Other Related Parties
will be issued in Chinese. This special explanation is English translation prepared for the Company's
management review purpose only and cannot be provided to third parties for other purpose. If there is any
conflict between the Chinese and English version, the Chinese version shall prevail.
Special Report on Amounts due from the Controlling Shareholder and Other Related Parties
for the Year Fo r the year ended December 31, 2020 of
ADAMA Ltd.
De Shi Bao (He) Zi (21) No. E00110
To the Board of Directors of ADAMA Ltd.:
We are entrusted to audit the financial statements of ADAMA Ltd. (hereinafter referred to as
"ADAMA"), which comprise consolidated and the Company's balance sheets as at 31 December 2020,
and consolidated and the Company's income statements, consolidated and the Company's statements
of changes in shareholders' equity and consolidated and the Company's cash flow statements for the
year then ended (hereinafter referred to as the Company's financial statements for the year 2020, and
have issued the auditor's report with unqualified opinion (De Shi Bao (Shen) Zi (21) No. P01902) on
March 29, 2021.
ADAMA has prepared the accompanying summary statement of amounts due from the controlling
shareholder and other related parties for the year 2020 (hereinafter referred to as the "summary
statement") in accordance with the Notice of the China Securities Regulatory Commission and the
State-Owned Assets Supervision and Administration Commission of the State Council on Several
Issues concerning Regulating Fund Transactions between Listed Companies and Their Affiliates and
the External Guarantee of Listed Companies (revised in 2017, Zheng Jian
Announcement[2017]No.16).
The management of ADAMA is responsible for the faithful preparation and disclosure of the
summary statement that give a true, legal and complete view. We have compared the summary
statement and the accounting information reviewed by us in the audit of ADAMA's financial
statements for the year 2020 along with the audited financial statements, and found that no
discrepancies, in all material aspects, were identified. We have not performed additional audit
procedures against the information stated in the summary statement except those relevant to the
related party transactions in the audit of ADAMA's financial statements for the year 2020 in
accordance with China Standards on Auditing.
The accompanying summary statement shall be read with the audited financial statements as a whole
for a better understanding of ADAMA's amount due form the controlling shareholders and other
related parties for the year 2020.
The explanation is used for the presentation of amount due from the controlling shareholders and
other related parties for the year 2020 to the securities regulator only, and for no other purpose.
Deloitte Touche Tohmatsu CPA LLP
Shanghai, China
March 29, 2021
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ADAMA Ltd.
Summary Statement of Amounts due from the Controlling Shareholder and Other Related Parties
for the Year 2020 of ADAMA Ltd.
Unit: RMB’000
Addition Interest arising
Opening Closing
Non-operating fund amount in 2020 from the principle
Relation between Balance of The repayment Balance of Nature of the
flows/transaction and Name of (exclude interest balance of amount Reason of fund flows
Name of Related Party Related Party and the Amount Due amount in Amount Due fund flows
corresponding balances Account arising from the due from related /transactions
Listed Company from related 2020 from related /transaction
due from related parties principle parties in 2020
party party
balance) (If applicable)
Present controlling
Shareholder and its - - - - - - - - - -
affiliated entities
sub-total - - - - - - - - - -
Former controlling
Shareholder and its - - - - - - - - - -
affiliated entities
sub-total - - - - - - - - - -
Total - - - - - - - - - -
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ADAMA Ltd.
Summary Statement of Amounts due from the Controlling Shareholder and Other Related Parties
for the Year 2020 of ADAMA Ltd. – (cont’d)
Unit: RMB’000
Other fund Opening Addition amount in Interest arising from The repayment
flows/transaction and Balance of 2020 (exclude the principle balance amount in 2020 Closing Balance of Nature of the
Relation between Related Party Name of Reason of fund flows
corresponding Name of Related Party Amount Due interest arising of amount due from and currency Amount Due from fund flows
and the Listed Company Account /transactions
balances due from from related from the principle related parties in 2020 translation related party /transaction
related parties party balance) (If applicable) adjustments
Legal person controlled by Cash at bank
ChemChina Finance Corporation 396,355 2,087,313 1,422 2,114,949 370,141 Deposit Operational
controlling shareholder and on hand
Legal person controlled by
ChemChina Finance Corporation Short-term Loan 100,000 74,000 - 174,000 - Loan Operational
controlling shareholder
Legal person controlled by Accounts Sale of goods/ Service
Syngenta AG and its subsidiaries (Note 1) 153,162 741,711 - 739,823 155,050 Operational
controlling shareholder receivable rendered
Legal person controlled by Other Sale of goods/ Service
Syngenta AG and its subsidiaries (Note 1) - 431 - - 431 Operational
controlling shareholder receivables rendered
Legal person controlled by Purchase of fixed assets
Syngenta AG and its subsidiaries (Note 1) Prepayment 10,115 2,102 - 12,217 - Operational
controlling shareholder and other assets
China National Agrochemical Company Legal person controlled by Other Sale of goods/ Service
25,294 - - 25,294 - Operational
Limited controlling shareholder receivables rendered
Legal person controlled by Accounts Sale of goods/ Service
Nidera Seeds Argentina SAU 35 (31) - 4 - Operational
controlling shareholder receivable rendered
Bluestar Engineering Co., Ltd. (Former Legal person controlled by Purchase of
Prepayment 130 133 - 263 - Operational
name: Haohua Engineering Co., Ltd.) controlling shareholder goods/services received
Controlling
Bluestar Engineering Co., Ltd. (Former Legal person controlled by Purchase of fixed assets
Shareholder and its Prepayment - 348,611 - 348,611 - Operational
name: Haohua Engineering Co., Ltd.) controlling shareholder and other assets
affiliated entities
(present and former) Legal person controlled by Purchase of
Jiangsu Huaihe Chemical Co.,Ltd. Prepayment 56,713 155,376 - 195,024 17,065 Operational
controlling shareholder goods/services received
Legal person controlled by Accounts Sale of goods/ Service
Jiangsu Huaihe Chemical Co.,Ltd. - 242,023 - 242,023 - Operational
controlling shareholder receivable rendered
Zhonglan Lianhai Design Institute Legal person controlled by Purchase of
Prepayment 2,652 3,006 - 5,658 - Operational
Co.,Ltd. controlling shareholder goods/services received
Zhonglan Lianhai Design Institute Legal person controlled by Other Sale of goods/ Service
52 198 - - 250 Operational
Co.,Ltd. controlling shareholder receivables rendered
Zhonglan Lianhai Design Institute Legal person controlled by Purchase of fixed assets
Prepayment - 7,213 - 7,213 - Operational
Co.,Ltd. controlling shareholder and other assets
Legal person controlled by Accounts Sale of goods/ Service
Sinochem Fertilizer Co.,LTD - 29,191 - 29,191 - Operational
controlling shareholder receivable rendered
Associate of the controlling Accounts Sale of goods/ Service
Jiangsu Yangnong Chemical co., LTD . - 11,874 - 11,547 327 Operational
shareholder receivable rendered
Associate of the controlling Purchase of fixed assets
Jiangsu Yangnong Chemical co., LTD . Prepayment - 1,431 - 1,081 350 Operational
shareholder and other assets
Sub-total 744,508 3,704,582 1,422 3,906,898 543,614
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ADAMA Ltd.
Summary Statement of Amounts due from the Controlling Shareholder and Other Related Parties
for the Year 2020 of ADAMA Ltd. – (cont’d)
Unit: RMB’000
Listed company's subsidiaries and its
- - - - - - - - - -
affiliated entities
Related natural person and its legal
- - - - - - - - - -
person in control
Alfa Agricultural Other non-current Non-
Other related parties and its Joint venture 314 - - 314 - Long term loan to others
Supplies S.A. (Note) assets Operational
affiliated entities
Sub-total 314 - - 314 -
Total 744,822 3,704,582 1,422 3,907,212 543,614
Note 1: The accounts receivable, other receivable and prepayment due to sales of goods to/ purchase of goods from Syngenta AG and its subsidiaries, including
Syngenta Crop Protection AG, Syngenta Espana S.A., Syngenta Italia S.p.A., and Syngenta Agro, S.A. DE C.V.
Legal representative Chief of accounting work Chief of accounting organ
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