Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2023-20



                                     ADAMA Ltd.
               Announcement of Resolutions of the 22nd
       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 22nd Meeting of the 9th Session of the Board of Directors of ADAMA Ltd.
     (hereinafter referred to as the “Company”) was held via video and on-site conference
     on April 24, 2023 following notifications sent to all the directors on April 21, 2023.
     Five directors were entitled to attend the meeting and five directors attended.

     The meeting complies with all relevant laws and regulations as well as the Articles of
     Association of the Company. The following resolutions were deliberated and adopted:

     1. Proposal on the Q1 2023 Report

     This proposal was passed with 5 affirmative votes, 0 negative votes and 0 abstentions.
     For details, please refer to the Q1 2023 Report disclosed on April 25, 2023.

     2. Proposal on Providing Guarantees in favor of the Company’s Wholly-owned
        Subsidiary

     The Company agreed to provide joint liability guarantees in favor of the financing
     banks that are to provide loans to its wholly-owned subsidiary ADAMA Anpon
     (Jiangsu) Ltd.

     For details, please refer to the Announcement on Providing Guarantees in favor of the
     Company’s Subsidiaries disclosed on April 25, 2023.


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

3. Proposal on Bank Loans for the Working Capital of Jingzhou Site

Based on the Company’s business and development plans, the Board of Directors
approved that the Company will apply for credit lines for the year 2023, including but
not limited to loans, bank acceptance bills, trade finance and domestic letters of credit
from banks to meet the Company’s operation demands.

The Board of Directors further authorized any director, the President and CEO of the
Company or anyone authorized by him, to deal with the issues related to the above
loans and sign the relevant legal documents.

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



It is hereby announced.




                                                   Board of Directors of ADAMA Ltd.

                                                                         April 25, 2023




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