Stock Code: 000553 (200553) Stock Abbreviation: ADAMA A(B) Announcement No. 2021-26




                                     ADAMA Ltd.
             Announcement on the Completion of Cancelling
             Repurchased Shares and Share Capital Change

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




     I. Repurchase Plan and Approvals

     The 26th Meeting of the 8th Session of the Board of Directors held on August 19, 2020
     and the 3rd Interim Shareholders Meeting in 2020 held on September 7, 2020 of
     ADAMA Ltd. (hereinafter referred to as “the Company”) approved the Repurchase
     Plan for Part of the Company’s Domestically Listed Foreign Shares (B share).

     In order to protect the Company’s value and shareholders’ interests, the Company
     decided to use its own funds to repurchase (and cancel) a portion of its B-Shares
     through centralized price bidding transactions and/or any other method/s permitted by
     the applicable laws and regulations. The Company will spend no more than RMB
     132,562 thousand to repurchase B-shares at the price of no more than 5.70 HKD/share.
     The upper limit of the number of shares to be repurchased is 26,000,000 shares, and
     the lower limit is 13,000,000 shares. The repurchasing period will not exceed three
     months following the date of the Company’s shareholders’ approval of the repurchase
     plan.

     II．Implementation of Share Repurchase

     From September 16, 2020, the first day the Company started repurchase, to December
     6, 2020, when the repurchase period expired, the Company repurchased 14,309,536


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shares of B-Shares by means of a centralized price bidding transaction through a
special securities repurchase account for B-Shares, which accounts for 0.61% of the
Company’s total share capital. The highest transaction price is 5.22 HKD/share, the
lowest transaction price is 4.27 HKD/share, the average transaction price is 4.87
HKD/share, and the total payment amount is HKD 69,747,208 (including transaction
fees).
On May 21 2021, 2020 Annual General Meeting of the Company approved Proposal
on the Cancellation of the Repurchased Shares and the Subsequent Decrease of the
Registered Capital of the Company. According to the resolution, the Company will
cancel the 14,309,536 B shares repurchased in 2020 and change the Company’s
registered capital from RMB 2,344,121,302 to RMB 2,329,811,766. Besides, the
General Meeting approved the Proposal on Revisions to the Articles of Association of
the Company. Based on the above Proposal on the Cancellation of the Repurchased
B-Shares and the Subsequent Decrease of the Registered Capital of the Company, the
Company revised the articles in the Company's Articles of Association related to the
total registered capital and the total number of shares.


III. Cancellation of Repurchased Shares and Share Capital Change after
Cancellation

On June 17, 2021, the Company completed cancellation of above 14,309,536 B shares
at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd, within
the time limit required by relevant regulations and laws.

After the cancellation is completed, the total share capital of the Company decreased
from 2,344,121,302 shares to 2,329,811,766 shares. Specific change is as follows,

                          Before the repurchase and         After the repurchase and
                               the cancellation                 the cancellation
         Item
                          Number of       Proportion        Number of      Proportion
                            shares          （%）             shares         （%）
I. Restricted Shares              4,500        0.0002               4,500       0.0002
Including ： Shares
held by domestic                   4,500          0.0002           4,500       0.0002
natural person
II.    Shares     not
subject to Trading        2,344,116,802          99.9998    2,329,807,266     99.9998
Restriction


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Including：RMB
                          2,177,067,461           92.8735   2,177,067,461     93.4439
    Ordinary Shares
      Domestically
      Listed Foreign       167,049,341             7.1263    152,739,805       6.5559
      Shares
III. Total Shares         2,344,121,302          100.0000   2,329,811,766    100.0000



The Company’s share capital structure after the cancellation still meets listing
requirement.


IV. Follow-up Steps

The Company will make change to registered capital and ICA registration changes
accordingly in line with relevant regulations.


It is hereby announced.




                                                    Board of Directors of ADAMA Ltd.

                                                                        June 19, 2021




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