ADAMA Ltd.
Special Report on Amounts due from the
Controlling Shareholder, Ultimate Controller and Other Related
Parties
For the year ended December 31, 2022
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, 2022 of
ADAMA Ltd.
De Shi Bao (Han) Zi (23) No. Q00373
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 2022,
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 of 2022, and have
issued the auditor's report with unqualified opinion (De Shi Bao (Shen) Zi (23) No. P01721) on March
19, 2022.
ADAMA has prepared the accompanying summary statement of amounts due from the controlling
shareholder, Ultimate Controller and other related parties for the year of 2022 (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 of
2022 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 of 2022 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 of 2022
The explanation is used for the presentation of amount due from the controlling shareholders and other
related parties for the year of 2022 to the securities regulator only, and for no other purpose.
Deloitte Touche Tohmatsu CPA LLP Chinese Certified Public Accountant
Shanghai, China Ji Yuting
Chinese Certified Public Accountant
Zhao Jingyuan
March 19, 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 of 2022 of ADAMA Ltd.
Unit: RMB’000
Addition Interest arising
Opening Closing
Non-operating fund amount in 2022 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 2022 from related /transaction
due from related parties principle parties in 2022
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 of 2022 of ADAMA Ltd. – (cont’d)
Unit: RMB’000
Other fund Opening Addition amount in Interest arising from The repayment
flows/transaction and Balance of 2022 (exclude the principle balance amount in 2022 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 2022 translation related party /transaction
related parties party balance) (If applicable) adjustments
ChemChina Finance Corporation Legal person controlled by Cash at bank Deposit
358,881 - 90 358,971 - Operational
controlling shareholder and on hand
Sinochem Finance Corporation Legal person controlled by Cash at bank Deposit
- 976,596- 3,372 562,307 417,661 Operational
controlling shareholder and on hand
Syngenta AG and its subsidiaries Legal person controlled by Accounts Sale of goods/ Service
200,799 1,869,749 - 1,718,233 352,315 Operational
controlling shareholder receivables rendered
Syngenta AG and its subsidiaries Legal person controlled by Prepayments Prepayment for goods
- 1,482,544 - 1,468,881 13,663 Operational
controlling shareholder and services
Syngenta AG and its subsidiaries Legal person controlled by Other Sale of goods/ Service
83 - - 66 17 Operational
controlling shareholder receivables rendered
Jiangsu Huaihe Chemical Co.,Ltd. Legal person controlled by Prepayments Prepayment for goods
23,065 224,218 - 228,113 19,170 Operational
controlling shareholder and services
Jiangsu Huaihe Chemical Co.,Ltd. Legal person controlled by Accounts Sale of goods/ Service
- 279,290 - 279,290 - Operational
controlling shareholder receivables rendered
ZhonglanLianhaiDesignInstituteCo.,Ltd.( Legal person controlled by Prepayments Purchase of fixed assets
Controlling - 239 - - 239 Operational
Consolidated) controlling shareholder and other assets
Shareholder, Zhonglan International Chemical Co. Ltd Legal person controlled by Prepayments Prepayment for goods
10,000 178,650 - 188,113 537 Operational
Ultimate Controller controlling shareholder and services
and its affiliated Sinofert Legal person controlled by Accounts
- 113,025 - 112,721 304
Sale of goods/ Service
Operational
entities controlling shareholder receivables rendered
MAP (Sinochem Agriculture Holdings Legal person controlled by Accounts Sale of goods/ Service
- 9,595 - 9,595 - Operational
Ltd) controlling shareholder receivables rendered
Jiangsu Ruixiang Chemical co., LTD . Legal person controlled by Prepayments Prepayment for goods
4 - - - 4 Operational
controlling shareholder and services
Legal person controlled by Other non- Prepayment for goods
Jingzhou Sanonda Holdings Co.,Ltd. 84 - - 32 52 Operational
controlling shareholder current assets and services
Jiangsu Yangnong Chemical co., LTD . Associate of the controlling Accounts Sale of goods/ Service
and its subsidiaries shareholder /Legal person receivables rendered
155 188,717 - 184,783 4,089 Operational
controlled by controlling
shareholder
Jiangsu Yangnong Chemical co., LTD . Associate of the controlling Prepayments Prepayment for goods
and its subsidiaries shareholder /Legal person and services
- 630,871 - 630,091 780 Operational
controlled by controlling
shareholder
Sub-total 593,071 5,953,494 3,462 5,741,196 808,831
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ADAMA Ltd.
Summary Statement of Amounts due from the Controlling Shareholder, Ultimate Controller and Other Related Parties
for the Year of 2022 of ADAMA Ltd. – (cont’d)
Unit: RMB’000
ADAMA (Beijing) Agricultural Subsidiaries of listed Accounts Sale of goods/ Service
7,556 35,736 - 35,237 8,055 Operational
Solutions Ltd. companies receivables rendered
ADAMA CELSIUS B V Subsidiaries of listed Accounts Sale of goods/ Service
152,633 936,774 - 552,759 536,648 Operational
CURACAO BRANCH companies receivables rendered
PT ROYAL AGRO Subsidiaries of listed Accounts Sale of goods/ Service
- 12,198 - 8,300 3,898 Operational
INDONESIA(ADAMA) companies receivables rendered
Subsidiaries of the Company Hubei Shanongda Foreign Subsidiaries of listed Accounts Sale of goods/ Service
- 1,576 - 1,576 - Operational
Trading Co., Ltd. companies receivables rendered
and their affiliates ADAMA Anpon (Jiangsu) Ltd. Subsidiaries of listed Other receivables Sale of goods/ Service
11,611 - - - 11,611 Operational
companies rendered
ADAMA Anpon (Jiangsu) Ltd. Subsidiaries of listed Other non-current Borrowings to Non-
150,000 125,000 3,164 153,164 125,000
companies assets subsidiaries Operational
ADAMA Anpon (Jiangsu) Ltd. Non-current
Subsidiaries of listed Borrowings to Non-
assets due within - 125,000 1,806 1,806- 125,000
companies subsidiaries Operational
one year
Related natural person and its
- - - - - - - - - -
legal person in control
Jiangsu Huifeng Agrochemical Minority shareholder and its Accounts Sale of goods/ Service
32,953 61,500 - 81,281 13,172 Operational
Co. Ltd. and its subsidiaries subsidiaries receivables rendered
Other related parties and its Jiangsu Huifeng Agrochemical Minority shareholder and its Prepayments Prepayment for goods
- 3,565 - 3,565 - Operational
affiliated entities Co. Ltd. and its subsidiaries subsidiaries and services
Innovaroma SA Joint ventures Accounts Sale of goods/ Service
23,150 118,156 - 115,579 25,727 Operational
receivables rendered
Total 970,974 7,372,999 8,432 6,694,463 1,657,942
Legal representative Chief of accounting work Chief of accounting organ
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