ADAMA Ltd.
Special Report on Amounts due from the
Controlling Shareholder, Ultimate Controller and Other Related
Parties
For the year ended December 31, 2021
Note: The Special Report on Amounts due from the Controlling Shareholder, Ultimate Controller and
Other Related Parties will be issued in Chinese. This special explanation is English translation prepared
for the Company's management review purpose only and cannot be provided to third parties for other
purpose. If there is any conflict between the Chinese and English version, the Chinese version shall
prevail.
Special Report on Amounts due from the Controlling Shareholder,
Ultimate Controller and Other Related Parties
for the Year For the year ended December 31, 2021 of
ADAMA Ltd.
De Shi Bao (Han) Zi (22) No. Q00849
To the Board of Directors of ADAMA Ltd.:
We are entrusted to audit the financial statements of ADAMA Ltd. (hereinafter referred to as
"ADAMA"), which comprise consolidated and the Company's balance sheets as at 31 December 2021,
and consolidated and the Company's income statements, consolidated and the Company's statements
of changes in shareholders' equity and consolidated and the Company's cash flow statements for the
year then ended (hereinafter referred to as the Company's financial statements for the year 2021, and
have issued the auditor's report with unqualified opinion (De Shi Bao (Shen) Zi (22) No. P02154) on
March 29, 2022.
ADAMA has prepared the accompanying summary statement of amounts due from the controlling
shareholder, ultimate controller and other related parties for the year 2021 (hereinafter referred to as
the "summary statement") in accordance with the Guidelines for the Supervision of Listed Companies
No. 8 - Regulatory Requirements for Capital Transactions and External Guarantees of Listed
Companies (CSRC Announcement [2022] No.26) issued by the China Securities Regulatory
Commission, the Ministry of Public Security, the State-owned Assets Supervision and Administration
Commission of the State Council and the China Banking and Insurance Regulatory Commission,
The management of ADAMA is responsible for the faithful preparation and disclosure of the
summary statement that give a true, legal and complete view. We have compared the summary
statement and the accounting information reviewed by us in the audit of ADAMA's financial
statements for the year 2021 along with the audited financial statements, and found that no
discrepancies, in all material aspects, were identified. We have not performed additional audit
procedures against the information stated in the summary statement except those relevant to the
related party transactions in the audit of ADAMA's financial statements for the year 2021 in
accordance with China Standards on Auditing.
The accompanying summary statement shall be read with the audited financial statements as a whole
for a better understanding of ADAMA's amount due form the controlling shareholders and other
related parties for the year 2021
The explanation is used for the presentation of amount due from the controlling shareholders and
other related parties for the year 2021 to the securities regulator only, and for no other purpose.
Deloitte Touche Tohmatsu CPA LLP Chinese Certified Public Accountant
Shanghai, China Mou Zhengfei
Chinese Certified Public Accountant
Ji Yuting
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March 29, 2022
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ADAMA Ltd.
Summary Statement of Amounts due from the Controlling Shareholder, Ultimate Controller and Other Related Parties
for the Year 2021 of ADAMA Ltd.
Unit: RMB’000
Addition Interest arising
Opening Closing
Non-operating fund amount in 2021 from the principle
Relation between Balance of The repayment Balance of Nature of the
flows/transaction and Name of (exclude interest balance of amount Reason of fund flows
Name of Related Party Related Party and the Amount Due amount in Amount Due fund flows
corresponding balances Account arising from the due from related /transactions
Listed Company from related 2021 from related /transaction
due from related parties principle parties in 2021
party party
balance) (If applicable)
Controlling Shareholder,
Ultimate Controller and its - - - - - - - - - -
affiliated entities
sub-total - - - - - - - - - -
Former Controlling
Shareholder, Ultimate
- - - - - - - - - -
Controller and its
affiliated entities
sub-total - - - - - - - - - -
Other related parties and - - - - - - - - - -
its affiliated entities
sub-total - - - - - - - - - -
Total - - - - - - - - - -
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ADAMA Ltd.
Summary Statement of Amounts due from the Controlling Shareholder, Ultimate Controller and Other Related Parties
for the Year 2021 of ADAMA Ltd. – (cont’d)
Unit: RMB’000
Other fund Opening Addition amount in Interest arising from The repayment
flows/transaction and Balance of 2021 (exclude the principle balance amount in 2021 Closing Balance of Nature of the
Relation between Related Party Name of Reason of fund flows
corresponding Name of Related Party Amount Due interest arising of amount due from and currency Amount Due from fund flows
and the Listed Company Account /transactions
balances due from from related from the principle related parties in 2021 translation related party /transaction
related parties party balance) (If applicable) adjustments
ChemChina Finance Corporation Legal person controlled by Cash at bank Deposit
370,141 755,955 2,725 769,940 358,881 Operational
controlling shareholder and on hand
China National Chemical Information Legal person controlled by Accounts Sale of goods/ Service
- 1,422 - 1,422 - Operational
Center Co. LTD controlling shareholder receivables rendered
Syngenta AG and its subsidiaries (Note 1) Legal person controlled by Accounts Sale of goods/ Service
155,050 939,640 - 893,891 200,799 Operational
controlling shareholder receivables rendered
Syngenta AG and its subsidiaries (Note 1) Legal person controlled by Other Sale of goods/ Service
431 - 348 83 Operational
controlling shareholder receivables rendered
Bluestar Engineering Co., Ltd. Legal person controlled by Prepayments Prepayment for goods
- 157 - 157 - Operational
controlling shareholder and services
Bluestar Engineering Co., Ltd. Legal person controlled by Prepayments Purchase of fixed assets
- 52,851 - 52,851 - Operational
controlling shareholder and other assets
Jiangsu Huaihe Chemical Co.,Ltd. Legal person controlled by Prepayments Prepayment for goods
17,065 192,357 - 186,357 23,065 Operational
controlling shareholder and services
Jiangsu Huaihe Chemical Co.,Ltd. Legal person controlled by Accounts Sale of goods/ Service
- 212,619 - 212,619 - Operational
controlling shareholder receivables rendered
ZhonglanLianhaiDesignInstituteCo.,Ltd.( Legal person controlled by Other Sale of goods/ Service
250 - - 250 - Operational
Consolidated) controlling shareholder receivables rendered
ZhonglanLianhaiDesignInstituteCo.,Ltd.( Legal person controlled by Prepayments Purchase of fixed assets
- 1,390 - 1,390 - Operational
Consolidated) controlling shareholder and other assets
Controlling Zhonglan International Chemical Co. Ltd Legal person controlled by Prepayments Prepayment for goods
Shareholder, - 10,000 - - 10,000 Operational
controlling shareholder and services
Ultimate Controller Zhonglan International Chemical Co. Ltd Legal person controlled by Accounts
- 659 - 659 -
Sale of goods/ Service
Operational
and its affiliated controlling shareholder receivables rendered
entities Sinofert Legal person controlled by Accounts Sale of goods/ Service
- 68,649 - 68,649 - Operational
controlling shareholder receivables rendered
Shenyang Chemical Institute Testing Legal person controlled by Accounts Sale of goods/ Service
- 36 - 36 - Operational
Technology Co. Ltd controlling shareholder receivables rendered
MAP (Sinochem Agriculture Holdings Legal person controlled by Accounts Sale of goods/ Service
- 5,905 - 5,905 - Operational
Ltd) controlling shareholder receivables rendered
Jiangsu Ruixiang Chemical co., LTD . Legal person controlled by Accounts Sale of goods/ Service
- 43 - 43 - Operational
controlling shareholder receivables rendered
Jiangsu Ruixiang Chemical co., LTD . Legal person controlled by Prepayments Prepayment for goods
- 485 - 481 4 Operational
controlling shareholder and services
Jingzhou Sanonda Holdings Co.,Ltd. Legal person controlled by Other non- Prepayment for goods
- 84 - 84 Operational
controlling shareholder current assets and services
Jiangsu Yangnong Chemical co., LTD . Associate of the controlling Accounts Sale of goods/ Service
and its subsidiaries（Note 2） shareholder /Legal person receivables rendered
327 155,686 - 155,858 155 Operational
controlled by controlling
shareholder
Jiangsu Yangnong Chemical co., LTD . Associate of the controlling Prepayments Prepayment for goods
and its subsidiaries（Note 2） shareholder /Legal person and services
350 - - 350 - Operational
controlled by controlling
shareholder
Sub-total 543,614 2,397,937 2,725 2,351,206 593,071
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ADAMA Ltd.
Summary Statement of Amounts due from the Controlling Shareholder, Ultimate Controller and Other Related Parties
for the Year 2021 of ADAMA Ltd. – (cont’d)
Unit: RMB’000
ADAMA (Beijing) Agricultural Subsidiaries of listed Accounts Sale of goods/ Service
12,505 64,396 - 69,345 7,556 Operational
Solutions Ltd. companies receivables rendered
ADAMA CELSIUS B V Subsidiaries of listed Accounts Sale of goods/ Service
- 487,779 - 335,145 152,634 Operational
CURACAO BRANCH companies receivables rendered
PT ROYAL AGRO Subsidiaries of listed Accounts Sale of goods/ Service
- 5,165 - 5,165 - Operational
INDONESIA(ADAMA) companies receivables rendered
Subsidiaries of the Company Hubei Shanongda Foreign Subsidiaries of listed Accounts Sale of goods/ Service
331,931 6,537 - 338,468 - Operational
and their affiliates Trading Co., Ltd. companies receivables rendered
Hubei Shanongda Foreign Subsidiaries of listed Other non-current Borrowings to
62,771 - - 62,771 - Operational
Trading Co., Ltd. companies assets subsidiaries
ADAMA Anpon (Jiangsu) Ltd. Subsidiaries of listed Other receivables Sale of goods/ Service
11,744 - - 133 11,611 Operational
companies rendered
ADAMA Anpon (Jiangsu) Ltd. Subsidiaries of listed Other non-current Borrowings to
150,000 - - - 150,000 Operational
companies assets subsidiaries
Related natural person and its
- - - - - - - - - -
legal person in control
Jiangsu Huifeng Agrochemical Minority shareholder and its Accounts - 245,712 212,759 32,953 Sale of goods/ Service
Operational
Co. Ltd. and its subsidiaries subsidiaries receivables rendered
Other related parties and its Jiangsu Huifeng Agrochemical Minority shareholder and its Prepayments - 77,234 77,234 - Prepayment for goods
Operational
affiliated entities Co. Ltd. and its subsidiaries subsidiaries and services
Innovaroma SA Joint ventures Accounts 21,630 105,528 104,008 23,150 Sale of goods/ Service
Operational
receivables rendered
Total 1,134,195 3,390,289 2,725 3,556,234 970,975
Note 1: Accounts receivable, other receivables and prepayments arising from the sale and purchase of goods by the Group to Syngenta AG and its subsidiaries
Syngenta Crop Protection AG, Syngenta Espana S.A., Syngenta Italia S.p.A., Syngenta Agro, S.A. DE C.V., Syngenta Agro, S.A. DE C.V. are
operational funds.
Note 2: The Group's affiliated entities with these related parties have been changed from Associate of the controlling shareholder to Legal person controlled by
controlling shareholder as of September 2021.
Legal representative Chief of accounting work Chief of accounting organ
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