Stock Code: 000553(200553)     Stock Abbreviation: ADAMA A(B)        Announcement No. 2021-22




                                   ADAMA Ltd.
       Announcement on the Resolutions of 2020 Annual
                     General Meeting



       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.




  I. Important Notice

  1. No proposal was vetoed at the meeting.

  2. The meeting didn’t change any resolution made by the previous shareholders
     meetings.

  II. Holding of the Meeting

  1. Time of the On-site Meeting: starts at 14:30 on May 21, 2021

  2. Venue: 6F A7 Building, No.10, Chaoyang Park South Road, Chaoyang District,
  Beijing

  3. Nature of Meeting: Combination of on-site voting and online voting

  4. Convener: The Board of Directors of the Company

  5. Host: Erik Fyrwald


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6. Time/Date of Online Voting:

Online voting: online voting via the trading system of Shenzhen Stock Exchange will be
from 9:15 a.m. to 9:25 a.m., 9:30 a.m. to 11:30 a.m. and from 1:00 p.m. to 3:00 p.m. on
May 21, 2021; online voting via the online voting system of the Shenzhen Stock
Exchange will be any time from 9:15 a.m. to 3:00 p.m. on May 21, 2021.

7. The convening and holding procedures comply with the Company Law, Rules of
Listing of Shenzhen Stock Exchange and other laws and regulations, as well as the
Articles of Association of the Company.

III. Attendance in the Meeting

1. Attendance of Shareholders

18 shareholders participated in the on-site meeting or via online voting system,
representing 1,763,069,700 shares, accounting for 75.2124% of the Company’s total
shares. Among them, 7 shareholders participated in the on-site meeting, representing
2,417,491 shares, accounting for 0.1031% of the Company’s total shares and 11
shareholders participated via online voting system, representing 1,760,652,209 shares,
accounting for 75.1093% of the Company’s total shares.

2. Attendance of B-share Shareholders

8 B-share shareholders participated in the on-site meeting or via online voting system,
representing 2,419,391 shares, accounting for 1.4483% of the Company’s total B shares.
Among them, 7 shareholders participated in the on-site meeting, representing 2,417,491
shares, accounting for 1.4472% of the Company’s total B shares and 1 shareholders
participated via online voting system, representing 1,900 shares, accounting for 0.0011%
of the Company’s total B shares.

3. Attendance of Mid-small Shareholders

17 Mid-small shareholders participated in the on-site meeting or via online voting system,
representing 54,618,941 shares, accounting for 2.3300% of the Company’s total shares.
Among them, 7 shareholders participated in the on-site meeting, representing 2,417,491
shares, accounting for 0.1031% of the Company’s total shares and 10 shareholders


                                            2
participated via online voting system, representing 52,201,450 shares, accounting for
2.2269% of the Company’s total shares.

The directors, supervisors and some senior executives of the Company, as well as the
lawyers engaged by the Company as witnesses attended the meeting.

IV. Deliberation and Voting on the Proposals

The following proposals were voted at the meeting by means of online and on-site voting:

1. Proposal on the 2020 Annual Report and its Abstract

1.1 Voting Summary:

1,763,069,699 shares for it, accounting for 100.0000% of all the shares entitled to vote
held by the participating shareholders; 1 shares against it, accounting for 0.0000% of all
the shares entitled to vote held by the participating shareholders; 0 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:

 (1) Voting Summary of B-share Shareholders:

2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1 shares against it, accounting for 0.0000%
of all the shares entitled to vote held by the participating Mid-small shareholders; 0
shares abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by Mid-small shareholders
present.

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1.2 Voting Result: As a general resolution, this proposal has been approved with more
than 50% of the total number of shares entitled to vote held by the participating
shareholders.

2. Proposal on the 2020 Financial Statements

2.1 Voting Summary:

1,763,069,699 shares for it, accounting for 100.0000% of all the shares entitled to vote
held by the participating shareholders; 1 shares against it, accounting for 0.0000% of all
the shares entitled to vote held by the participating shareholders; 0 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:

 (1) Voting Summary of B-share Shareholders:

2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1 shares against it, accounting for 0.0000%
of all the shares entitled to vote held by the participating Mid-small shareholders; 0
shares abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by Mid-small shareholders
present.

2.2 Voting Result: As a general resolution, this proposal has been approved with more
than 50% of the total number of shares entitled to vote held by the participating
shareholders.

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

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3.1 Voting Summary:

1,763,069,699 shares for it, accounting for 100.0000% of all the shares entitled to vote
held by the participating shareholders; 1 shares against it, accounting for 0.0000% of all
the shares entitled to vote held by the participating shareholders; 0 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:

 (1) Voting Summary of B-share Shareholders:

2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1 shares against it, accounting for 0.0000%
of all the shares entitled to vote held by the participating Mid-small shareholders; 0
shares abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by Mid-small shareholders
present.

3.2 Voting Result: As a general resolution, this proposal has been approved with more
than 50% of the total number of shares entitled to vote held by the participating
shareholders.

4. Proposal on the Self-Assessment report on the 2020 Internal Control of the
   Company

4.1 Voting Summary:

1,763,069,699 shares for it, accounting for 100.0000% of all the shares entitled to vote
held by the participating shareholders; 1 shares against it, accounting for 0.0000% of all

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the shares entitled to vote held by the participating shareholders; 0 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:

 (1) Voting Summary of B-share Shareholders:

2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1 shares against it, accounting for 0.0000%
of all the shares entitled to vote held by the participating Mid-small shareholders; 0
shares abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by Mid-small shareholders
present.

4.2 Voting Result: As a general resolution, this proposal has been approved with more
than 50% of the total number of shares entitled to vote held by the participating
shareholders.

5. Proposal on the 2020 Working Report of the Board of Directors

5.1 Voting Summary:

1,763,069,699 shares for it, accounting for 100.0000% of all the shares entitled to vote
held by the participating shareholders; 1 shares against it, accounting for 0.0000% of all
the shares entitled to vote held by the participating shareholders; 0 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:


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 (1) Voting Summary of B-share Shareholders:

2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1 shares against it, accounting for 0.0000%
of all the shares entitled to vote held by the participating Mid-small shareholders; 0
shares abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by Mid-small shareholders
present.

5.2 Voting Result: As a general resolution, this proposal has been approved with more
than 50% of the total number of shares entitled to vote held by the participating
shareholders.

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

6.1 Voting Summary:

1,762,730,907 shares for it, accounting for 99.9808% of all the shares entitled to vote
held by the participating shareholders; 338,793 shares against it, accounting for 0.0192%
of all the shares entitled to vote held by the participating shareholders; 0 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:

 (1) Voting Summary of B-share Shareholders:

2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of

                                              7
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,280,148 shares for it, accounting for 99.3797% of all the shares entitled to vote held
by the participating Mid-small shareholders; 338,793 shares against it, accounting for
0.6203% of all the shares entitled to vote held by the participating Mid-small
shareholders; 0 shares abstained (among them, 0 shares are considered as abstained due
to non-voting), accounting for 0.0000% of all the shares entitled to vote held by
Mid-small shareholders present.

6.2 Voting Result: As a general resolution, this proposal has been approved with more
than 50% of the total number of shares entitled to vote held by the participating
shareholders.

7. Proposal on the Expected Related Party Transactions in the Ordinary Course of
   Business in 2021

The proposal is a related-party matter. As Syngenta Group Co., Ltd. and Jingzhou
Sanonda Holding Co., Ltd. are controlled by China National Chemical Co., Ltd. which is
the actual controller of the Company, they are affiliated shareholders of the Company,
which hold 1,708,450,759 shares and 119,687,202 shares of the Company respectively.
Such affiliated shareholders refrained from voting on this proposal.

7.1 Voting Summary:

54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating shareholders; 1 shares against it, accounting for 0.0000% of all the
shares entitled to vote held by the participating shareholders; 0 shares abstained (among
them, 0 shares are considered as abstained due to non-voting), accounting for 0.0000% of
all the shares entitled to vote held by the participating shareholders. Among them:

 (1) Voting Summary of B-share Shareholders:



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2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1 shares against it, accounting for 0.0000%
of all the shares entitled to vote held by the participating Mid-small shareholders; 0
shares abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by Mid-small shareholders
present.

7.2 Voting Result: As a general resolution, this proposal has been approved with more
than 50% of the total number of shares entitled to vote held by the participating
shareholders.

8. Proposal on the 2020 Working Report of the Board of Supervisors

8.1 Voting Summary:

1,763,069,699 shares for it, accounting for 100.0000% of all the shares entitled to vote
held by the participating shareholders; 1 shares against it, accounting for 0.0000% of all
the shares entitled to vote held by the participating shareholders; 0 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:

 (1) Voting Summary of B-share Shareholders:

2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),


                                             9
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1 shares against it, accounting for 0.0000%
of all the shares entitled to vote held by the participating Mid-small shareholders; 0
shares abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by Mid-small shareholders
present.

8.2 Voting Result: As a general resolution, this proposal has been approved with more
than 50% of the total number of shares entitled to vote held by the participating
shareholders.

9. Proposal on the Cancellation of the Repurchased Shares and the Subsequent
   Decrease of the Registered Capital of the Company

9.1 Voting Summary:

1,763,069,699 shares for it, accounting for 100.0000% of all the shares entitled to vote
held by the participating shareholders; 1 shares against it, accounting for 0.0000% of all
the shares entitled to vote held by the participating shareholders; 0 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:

 (1) Voting Summary of B-share Shareholders:

2,419,391 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating B-share shareholders; 0 shares against it, accounting for 0.0000% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

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54,618,940 shares for it, accounting for 100.0000% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1 shares against it, accounting for 0.0000%
of all the shares entitled to vote held by the participating Mid-small shareholders; 0
shares abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by Mid-small shareholders
present.

9.2 Voting Result: As a special resolution, this proposal has been approved with more
than 2/3 of the total number of shares entitled to vote held by the participating
shareholders.

10. Proposal on Revisions to the Articles of Association of the Company

10.1 Voting Summary:

1,763,067,799 shares for it, accounting for 99.9999% of all the shares entitled to vote
held by the participating shareholders; 1,900 shares against it, accounting for 0.0001% of
all the shares entitled to vote held by the participating shareholders; 1 shares abstained
(among them, 0 shares are considered as abstained due to non-voting), accounting for
0.0000% of all the shares entitled to vote held by the participating shareholders. Among
them:

 (1) Voting Summary of B-share Shareholders:

2,417,491 shares for it, accounting for 99.9215% of all the shares entitled to vote held by
the participating B-share shareholders; 1,900 shares against it, accounting for 0.0785% of
all the shares entitled to vote held by the participating B-share shareholders; 0 shares
abstained (among them, 0 shares are considered as abstained due to non-voting),
accounting for 0.0000% of all the shares entitled to vote held by the participating B-share
shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,617,040 shares for it, accounting for 99.9965% of all the shares entitled to vote held
by the participating Mid-small shareholders; 1,900 shares against it, accounting for
0.0035% of all the shares entitled to vote held by the participating Mid-small
shareholders; 1 shares abstained (among them, 0 shares are considered as abstained due


                                            11
to non-voting), accounting for 0.0000% of all the shares entitled to vote held by
Mid-small shareholders present.

10.2 Voting Result: As a special resolution, this proposal has been approved with more
than 2/3 of the total number of shares entitled to vote held by the participating
shareholders.

11. Proposal on the Nomination of Non-Independent Directors to Compose the 9th
    Session of the Board of Directors

The proposal adopted the cumulative voting system, in which each non-independent
director is voted for separately.

11.01 Elect Mr. Erik Fyrwald as a non-independent director of the 9th session of the
      Board of Directors

1.1 Voting Summary:

1,762,762,207 shares for it, accounting for 99.9826% of all the shares entitled to vote
held by the participating shareholders. Among them:

 (1) Voting Summary of B-share Shareholders:

2,417,491 shares for it, accounting for 99.9215% of all the shares entitled to vote held by
the participating B-share shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,311,448 shares for it, accounting for 99.4370% of all the shares entitled to vote held
by the participating Mid-small shareholders.

1.2 Voting Result: As a general resolution, this sub-proposal has been approved with
more than 50% of the total number of shares entitled to vote held by the participating
shareholders. Mr. Erik Fyrwald is elected as a non-independent director of the 9th session
of Board of Directors.

11.02 Elect Mr. Chen Lichtenstein as a non-independent director of the 9th session of the
Board of Directors


                                            12
1.1 Voting Summary:

1,762,762,207 shares for it, accounting for 99.9826% of all the shares entitled to vote
held by the participating shareholders. Among them:

 (1) Voting Summary of B-share Shareholders:

2,417,491 shares for it, accounting for 99.9215% of all the shares entitled to vote held by
the participating B-share shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,311,448 shares for it, accounting for 99.4370% of all the shares entitled to vote held
by the participating Mid-small shareholders.

1.2 Voting Result: As a general resolution, this sub-proposal has been approved with
more than 50% of the total number of shares entitled to vote held by the participating
shareholders. Mr. Chen Lichtenstein is elected as a non-independent director of the 9th
session of Board of Directors.

11.03 Elect Mr. An Liru as a non-independent director of the 9th session of the Board of
Directors

1.1 Voting Summary:

1,762,728,910 shares for it, accounting for 99.9807% of all the shares entitled to vote
held by the participating shareholders. Among them:

 (1) Voting Summary of B-share Shareholders:

2,417,491 shares for it, accounting for 99.9215% of all the shares entitled to vote held by
the participating B-share shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,278,151 shares for it, accounting for 99.3761% of all the shares entitled to vote held
by the participating Mid-small shareholders.




                                            13
1.2 Voting Result: As a general resolution, this sub-proposal has been approved with
more than 50% of the total number of shares entitled to vote held by the participating
shareholders. Mr. An Liru is elected as a non-independent director of the 9th session of
Board of Directors.

12. Proposal on the Nomination of Non-Independent Directors to Compose the 9th
    Session of the Board of Directors

The proposal adopted the cumulative voting system, in which each independent director
is voted for separately. The qualifications of the independent director candidates have
been reviewed by Shenzhen Stock Exchange.

12.01 Elect Mr. Ge Ming as an independent director of the 9th session of the Board of
Directors

1.1 Voting Summary:

1,762,762,209 shares for it, accounting for 99.9826% of all the shares entitled to vote
held by the participating shareholders. Among them:

 (1) Voting Summary of B-share Shareholders:

2,417,491 shares for it, accounting for 99.9215% of all the shares entitled to vote held by
the participating B-share shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,311,450 shares for it, accounting for 99.4370% of all the shares entitled to vote held
by the participating Mid-small shareholders.

1.2 Voting Result: As a general resolution, this sub-proposal has been approved with
more than 50% of the total number of shares entitled to vote held by the participating
shareholders. Mr. Ge Ming is elected as an independent director of the 9th session of
Board of Directors.

12.02 Elect Mr. Xi Zhen as an independent director of the 9th session of the Board of
Directors



                                            14
1.1 Voting Summary:

1,763,067,699 shares for it, accounting for 99.9999% of all the shares entitled to vote
held by the participating shareholders. Among them:

 (1) Voting Summary of B-share Shareholders:

2,417,491 shares for it, accounting for 99.9215% of all the shares entitled to vote held by
the participating B-share shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,616,940 shares for it, accounting for 99.9963% of all the shares entitled to vote held
by the participating Mid-small shareholders.

1.2 Voting Result: As a general resolution, this sub-proposal has been approved with
more than 50% of the total number of shares entitled to vote held by the participating
shareholders. Mr. Xi Zhen is elected as an independent director of the 9th session of
Board of Directors.

13. Proposal on the Nomination of Non-employee Supervisors to Compose the 9th
    Session of the Board of Supervisors

The proposal adopted the cumulative voting system, in which each non-employee
supervisor is voted for separately.

13.01 Elect Mr. Liu Jianhua as a non-employee supervisor of the 9th session of the Board
of Supervisors

1.1 Voting Summary:

1,762,727,908 shares for it, accounting for 99.9806% of all the shares entitled to vote
held by the participating shareholders. Among them:

 (1) Voting Summary of B-share Shareholders:

2,417,491 shares for it, accounting for 99.9215% of all the shares entitled to vote held by
the participating B-share shareholders.


                                            15
 (2) Voting Summary of Mid-small Shareholders:

54,277,149 shares for it, accounting for 99.3742% of all the shares entitled to vote held
by the participating Mid-small shareholders.

1.2 Voting Result: As a general resolution, this sub-proposal has been approved with
more than 50% of the total number of shares entitled to vote held by the participating
shareholders. Mr. Liu Jianhua is elected as a non-employee supervisor of the 9th session
of the Board of Supervisors.

13.02 Elect Ms. Yuan Yuan as a non-employee supervisor of the 9th session of the Board
of Supervisors

1.1 Voting Summary:

1,763,066,702 shares for it, accounting for 99.9998% of all the shares entitled to vote
held by the participating shareholders. Among them:

 (1) Voting Summary of B-share Shareholders:

2,417,491 shares for it, accounting for 99.9215% of all the shares entitled to vote held by
the participating B-share shareholders.

 (2) Voting Summary of Mid-small Shareholders:

54,615,943 shares for it, accounting for 99.9945% of all the shares entitled to vote held
by the participating Mid-small shareholders.

1.2 Voting Result: As a general resolution, this sub-proposal has been approved with
more than 50% of the total number of shares entitled to vote held by the participating
shareholders. Ms. Yuan Yuan is elected as a non-employee supervisor of the 9th session
of the Board of Supervisors.

The above proposals were disclosed on the website of Juchao Information
(http://www.cninfo.com.cn) on March 31, 2021 and April 29, 2021.

V. Legal Opinion



                                            16
1. Name of the law firm: King & Wood Mallesons, Beijing

2. Names of the lawyers: Wang Ningyuan, Dong Yangguang

3. Conclusive opinion:

In the lawyers’ opinion, the convening and holding procedures comply with the Company
Law, Rules for the Shareholders’ Meetings of Listed Companies, Notice of the Shenzhen
Stock Exchange on Issuing the Detailed Implementing Rules of the Shenzhen Stock
Exchange for Online Voting at Shareholders’ Meetings of Listed Companies and other
applicable laws and regulations, as well as the Articles of Association of the Company;
the qualification of the convener and attendees are legitimate and valid; the voting
procedures and voting results of the meeting are legitimate and valid.

VI. Documents for Reference

1. Resolutions of 2020 Annual General Meeting;

2. Legal Opinion on the Witnessing of the Shareholders Meeting.

This announcement is hereby made.




                                            The Board of Directors of ADAMA Ltd.

                                                                        May 22, 2021




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