AUDITOR’S REPORT ON INTERNAL CONTROL
                                                            De Shi Bao (Shen) Zi (22) No. S00103
                                                                              (Page 1 of 2 pages)

To the Shareholders of ADAMA Ltd.:

We have audited the effectiveness of internal control over the financial reporting of ADAMA
Ltd. (hereinafter referred to as "ADAMA") as at 31 December 2021 in accordance with the
"Guidelines for Internal Control Audit of Enterprise" and the relevant regulations of standards
for the practice of certified public accountants in China.

I. Enterprise's Responsibility for Internal Control

Board of directors of ADAMA is responsible for the establishment, improvement and effective
implementation of internal control and the evaluation of its effectiveness in accordance with
"Basic Standards for Internal Control of Enterprises", "Guidelines for Application of Internal
Control of Enterprises" and "Guidelines for Evaluation of Internal Control of Enterprises".

II. Auditor's Responsibility

Our responsibility is to express an audit opinion on the effectiveness of internal control over
financial reporting based on our audit, and disclose the significant deficiencies in the internal
control over non-financial reporting we have noticed.

As stated in the 2021 internal control evaluation report of the board of directors of Adama,
Adama completed the acquisition of Adama Huifeng (Jiangsu) Co., Ltd (hereinafter: “Adama
Huifeng”).. Adama Huifeng will be included in the consolidation scope of 's financial statements
from the date of completion of the acquisition.

In accordance with "Answers to the Questions of the Supervision of the Internal Control
Standard System of Listed Companies" (the first edition in 2011) published by China Securities
Regulatory Commission (CSRC), ADAMA who have mergers and acquisitions in the reporting
year can be exempted from the evaluation of the effectiveness of internal control in the financial
statements of acquired entities in the same year. Correspondingly, according to the relevant
guidelines of "Enterprise Internal Control Audit", the internal controls of financial reports related
to Adama Huifeng were not in the scope of 2021 audit of internal control when we performed the
audit of the internal control of ADAMA financial reports.
                  AUDITOR’S REPORT ON INTERNAL CONTROL
                                                             De Shi Bao (Shen) Zi (22) No. S00103
                                                                               (Page 2 of 2 pages)

III. Inherent Limitations of Internal Control

Internal control has inherent limitations and may fail to prevent and detect misstatements. In
addition, changes in circumstances may lead to inappropriate internal controls or reduced
compliance with control policies and procedures, so it is risky to speculate on the effectiveness
of future internal control based on the results of internal control audit.

IV. Opinion on the Internal Control over Financial Reporting

We believe that ADAMA has maintained effective internal control over financial reporting in all
material aspects as at 31 December 2021 in accordance with the "Basic Standards for Internal
Control of Enterprises" and related regulations.


Deloitte Touche Tohmatsu CPA LLP                Chinese Certified Public Accountant: Mou Zhengfei
          Shanghai, China




                                                Chinese Certified Public Accountant: Ji Yuting




                                                                           29 March 2022