Stock Abbreviation：ADAMA A/B                 Stock code: 000553/200553
                          Announcement No.: 2021-10


 ANNOUNCEMENT ON OBTAINTING THE APPROVAL OF THE JOINT RESTRUCTURING
                OF SINOCHEM GROUP AND CHEMCHINA



This announcement is made by Adama Ltd. (the “Company” ) pursuant to the relevant
laws and regulations.

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On 31 March 2021, the Company received a notification letter from China National
Chemical Corporation Ltd. (中國 化工集 團有限 公司, “ChemChina” ), stating that
ChemChina had received a Notice Regarding Restructuring of ChemChina and
Sinochem Group Co., Ltd. ( 中 國 中 化 集 團 有 限 公 司 , “Sinochem Group”) (the
“Restructuring Notice”) from State-owned Assets Supervision and Administration
Commission of the State Council (“SASAC”). Pursuant to the Restructuring Notice, the
State Council approved the joint restructuring of Sinochem Group and ChemChina,
whereby a new holding company will be set up by SASAC who will perform the duties of
the contributor on behalf of the State Council, and Sinochem Group and ChemChina will
be consolidated into the new holding company. Upon completion of the joint
restructuring, ChemChina will remain as the controlling shareholder of the Company and
SASAC will remain as the de facto controller of the Company.

This announcement is made in order to ensure timely and fair disclosure of information
and to safeguard the interest of investors. The Company will strictly follow the
information disclosure requirements, continue to pay attention to the progress of the
above matter, and perform the information disclosure obligations in a timely manner in
accordance with the requirements of relevant laws and regulations.

                                                                 By order of the Board
                                                                            ADAMA Ltd.
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                                                                       31 March 2021