th

Meeting of the 9

th

Sessionof the Board of Directors

In accordance with the Company Law of the People’s Republic of China, AdministrativeMeasures for Independent Directors of Listed Companies, and other laws, regulationsand normative documents, as well as the Articles of Association, we, as the independentdirectors of ADAMA Ltd. (hereinafter referred to as “Company”), had a prior reviewon the relevant matter of the 29

th meeting of the 9

th

session of the Board of Directors.We give our opinions from the standpoint of independent judgment:

1. The arrangement of the planned signing of Supplemental Agreement to theEntrusted Operation and Management Agreement regarding Anhui Petroleum &Chemical Group Co., Ltd among the Company, ADAMA (China) Investment Co.,Ltd. and China National Agrochemical Co., Ltd. (hereinafter as “CNAC”) is in theinterest of solving the potential horizontal competition and reasonable.Including the price, the whole transaction arrangement is fair. The transaction willnot harm the interests of the Company, the non-related shareholders, and themedium-small shareholders

2. We pre-approve the signing of the Supplemental Agreement to the EntrustedOperation and Management Agreement regarding Anhui Petroleum & ChemicalGroup Co., Ltd with CNAC and agree to submit it to the Board of Directors. Therelated directors, Mr. Qin Hengde and Mr. Erik Fyrwald shall refrain from voting.

(The signature page of Pre-approval of the Independent Directors on the RelevantMatters of the 29

th

Meeting of the 9

th

Session of the Board of Directors)

Independent Director Signature:

__________________ ___________________

Ge Ming Yang Guangfu

December 28, 2023