Stock Code: 000553(200553)          Stock Abbreviation: ADAMA A (B)             NO. 2022-32

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                                        ADAMA Ltd.

              Announcement on Credit Facility of USD 50

                   million from the Related Party

 The Company and all members of the Company’s Board of Directors confirm that all information

 disclosed herein is true, accurate and complete, with no false or misleading statement or material

 omission.

The Company and all members of the Company’s Board of Directors confirm that all information

disclosed herein is true, accurate and complete, with no false or misleading statement or material

   I.

omission. Overview of the Related Party Transaction

         On December 14, the 16th meeting of the 9th session of the Board of Directors of

         ADAMA Ltd. (hereinafter referred to as the “Company”) approved a proposal on the

         amendment of the previously approved Credit Facility Agreement, entered into by and

         between Syngenta Group (NL) B.V. ( hereinafter referred to as "SG NL"), a subsidiary

         of the Company"s controlling shareholder, Syngenta Group Co., Ltd. (hereinafter

         referred to as "SG"), and Adama Fahrenheit B.V. ( hereinafter referred to as "ADAMA

         NL"), an indirectly wholly-owned subsidiary of the Company, according to which SG

         NL shall provide an additional amount of USD 50 million (to an aggregate amount of

         USD 100 million committed short-term credit facility) as part of the current

         committed short-term credit facility approved in October 2021 in favor of ADAMA

         NL (the "Transaction").

         Since SG NL and ADAMA NL are both controlled by SinoChem Holding Co., Ltd.

         (hereinafter referred to as "SinoChem Holding”), the Transaction constitutes a related

         party transaction.

         Among the five directors of the Company, the related-party directors, Mr. Erik Fyrwald

         and Mr. Chen Lichtenstein refrained from voting, while among the remaining votes of

         the three directors, there were three (3) affirmative votes, and no negative votes and or

         abstentions. The independent directors also issued their independent opinion.

         The Transaction is within the approval line of the Board of Directors and is not subject

       to the approval of the shareholders.

       The Transaction does not constitute a Material Assets Restructuring as stipulated by

       the Administrative Measures on Significant Asset Restructuring of Listed Companies.

II.    Introduction to the Related Party

       SG NL was established in 2016. Its legal representative is Edwin Pool, and its

       registered address is Westeinde 62, 1601BK Enkhuizen, The Netherlands. It has

       registered capital of EUR 1 and mainly undertakes the businesses related to holding

       activities. The main financial data as of December 31, 2021 is: operating revenue of

       USD 0, net profit of USD 383,747,000, total assets of USD 43,141,531,000, net assets

       of USD 41,294,980,000.

       Related-party relationship: Both SG NL and ADAMA NL are controlled by

       SinoChem Holding, the actual controller of the Company. SG NL is related party of

       the Company in accordance with Item 2, Paragraph 2 of Article 6.3.3 of the Listing

       Rules of Shenzhen Stock Exchange.

       Analysis of contract performance capability: To the best of the Company’s knowledge,

       SG NL operates normally and is in good operational condition. After searching on the

       website of disclosure of enforcement information of China, it is not a debtor subject

       to judicial enforcement.

III.   Basic Information on the Target of the Related-Party Transaction

       The Transaction is for the amendment of the previously signed committed short-term

       credit facility in the aggregate amount of USD 50 million on market terms or

       preferable terms, by way of increasing the facility by additional USD 50 million short-

       term committed annually revolving credit line, at 3-month Libor + 1.6% - to an

       aggregate USD 100 million committed short-term credit facility (the "Amendment to

       the Credit Facility Agreement").

IV.    Pricing Basis of the Related-Party Transaction

       The Transaction is made on the principles of voluntariness, equality, mutual benefit,

       justice and fairness. The terms of the Transaction were negotiated fairly on the basis

       of market practice.

V.     Main Contents of the Amendment to the Credit Facility Agreement

      Contract Name: Amendment to the Credit Facility Agreement by and between Adama

      Fahrenheit B.V. and Syngenta Group (NL) B.V.

      Borrower: Adama Fahrenheit B.V.

      Lender: Syngenta Group (NL) B.V.

      Main Terms: committed short-term credit facility in the aggregate amount of USD

       USD 50 million short-term committed annually revolving credit line, at 3-month

      Libor + 1.6% by an additional USD 50 million under same terms.

      Effective Date of the Agreement: the date the Agreement is duly signed, following the

      approval of the Board of Directors of the Company. The Board of Directors of the

      Company will review the terms relating to the aggregated USD 100 million short-term

      revolving credit line every three years.

      Dispute Resolutions: Any controversy or claim that fails to be solved amicably shall

      be finally submitted to the competent courts of Amsterdam under the laws of

      Netherlands.

VI.   Purpose of the Transaction and Its Impact on the Company

      The Transaction expands and efficiently utilizes the Company"s and its subsidiaries

      funding sources with committed facilities providing an additional cash source not

      included in bank covenants. The Amendment to the Credit Facility Agreement follows

      the general practice of similar transactions in the market and doesn’t contain unfair

      terms. The Transaction will not adversely affect the interests of the Company and its

      non-related party shareholders, nor will it affect the independence of the Company.

VII. Status of the Different Kind of Related Party Transactions between the Company

      and SinoChem Holding

      The related party transactions between the Company and subsidiaries of Sinochem

      Holding are as follows:

        with subsidiaries of SinoChem Holding in the ordinary course of business is RMB

        business approved by the 2021 annual shareholders meeting is RMB 5,141.09m.

         Ltd. deposited in the Sinochem Finance Co., Ltd.: As of the date of this announcement,

         the balance of deposits remains RMB 353,440,000 and USD 740,000, which have

         been approved by the 1st interim shareholders meeting of the Company in 2022.

VIII. Independent Directors’ Opinions

      The Company’s independent directors have given separate opinions on the Transaction:

      The Amendment to the Credit Facility Agreement is based on the funding needs of the

      Company and is normal business operations. The Transaction conforms to relevant

      national laws and regulations, as applicable, and market-oriented principles, and will not

      impact the independence of the Company or harm the interests of the Company and its

      other shareholders. The decision-making procedures for the Transaction conform to the

      Company Law, the Rules of Shenzhen Stock Exchange for the Listing of Stocks, the

      Articles of Association of the Company and other laws and regulations. Therefore, the

      independent directors approved the Transaction.

IX.   Documents for Future Reference

         Company;

      It is hereby announced.

                                                    The Board of Directors of ADAMA Ltd.

                                                                            December 16, 2022

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