Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2024-31




                                     ADAMA Ltd.
        Announcement of Resolution of the 1st Meeting of
            the 10th Session of the Board of Supervisors

      The Company and all members of its board of supervisors 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 10th Session of the Board of Supervisors of ADAMA Ltd.
    (hereinafter referred to as the “Company”) was held via circulation of the resolution on
    May 13th, 2024 following notifications sent to all the supervisors by email on May 13th,
    2024 (With the unanimous consent of all the supervisors, the notice time limit of this
    meeting was exempted). Three supervisors were entitled to participate in the circulation
    and three supervisors participated.

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

    Proposal on Election of the Chairman of the 10th Session of the Board of
    Supervisors

    In line with the Articles of Association and the Rules of the Board of Supervisors of the
    Company, and as proposed by the supervisors, Mr. Niu Limin is elected as the
    Chairman of the 10th Session of the Board of Supervisors, whose term of office is till
    the end of the 10th Session of the Board of Supervisors.

    This proposal was passed with 3 affirmative votes, 0 negative vote, and 0 abstention.

    It is hereby announced.

                                                     Board of Supervisors of ADAMA Ltd.

                                                                              May 14th, 2024



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