Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2021-27



                                      ADAMA Ltd.
                  Announcement of Resolution of the 1st
       Meeting of the 9th Session of the Board of Directors


      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.


     The 1st Meeting of the 9th Session of the Board of Directors of ADAMA Ltd.
     (hereinafter referred to as the “Company”) was held via circulation of the resolution on
     June 28, 2021 following notifications sent to all the directors by email on June 23, 2021.
     Five directors were entitled to participate in the circulation and five directors
     participated.

     The meeting complied with all relevant laws and regulations as well as the Articles of
     Association of the Company. The following resolution was deliberated and adopted:

     1. Proposal on Providing Guarantees in Favor of a Controlled Subsidiary

     The Company intends to provide joint liability guarantees in favor of the financing
     banks that are to provide bank facilities to ADAMA Huifeng (Jiangsu) Co., Ltd., a
     controlled subsidiary of the Company. For details, please refer to the Announcement on
     Providing Guarantees in favor of a Controlled Subsidiary disclosed on June 29, 2021.

     This proposal was passed with 5 affirmative votes, 0 negative votes and 0 abstentions.



     It is hereby announced.

                                                        Board of Directors of ADAMA Ltd.

                                                                               June 29, 2021

                                                 1