ADAMA Ltd.
Special Report on Deposits/Loans Related PartyTransaction Relating to Finance Company
For the year ended December 31, 2023
Note: The Special Repot on Deposits/Loans Related Party Transaction Relating to Finance Company will beissued in Chinese. This special explanation is English translation prepared for the Company's managementreview purpose only and cannot be provided to third parties for other purpose. If there is any conflict betweenthe Chinese and English version, the Chinese version shall prevail.
Special Report on Deposits/Loans Related Party Transaction Relating to Finance Company for the
Year ended December 31, 2023 of
ADAMA Ltd.
De Shi Bao (Han) Zi (24) No. Q00754
To the Board of Directors of ADAMA Ltd.:
We are entrusted to audit the financial statements of ADAMA Ltd. (the "ADAMA Company"), whichcomprise consolidated and the ADAMA Company's balance sheets as at 31 December 2023, andconsolidated and the Company's income statements, consolidated and the ADAMA Company'sstatements of changes in shareholders' equity and consolidated and the Company's cash flowstatements and notes to the relevant financial statements for the year then ended, and have issued theauditor's report with unqualified opinion (De Shi Bao (Shen) Zi (24) No. P02683) on March 25, 2024.
The ADAMA Company has prepared the accompanying Summary Statement of Deposits/LoansRelated Party Transaction Relating to Finance Company for the year of 2023 (the “SummaryStatement”) in accordance with the Self-Regulatory Guidelines for Listed Companies on theShenzhen Stock Exchange No. 7 - Transactions and Related Party Transactions.
The management of the ADAMA Company is responsible for the faithful preparation and disclosureof the Summary Statement that give a true, legal and complete view. We have compared the SummaryStatement and the accounting information reviewed by us in the audit of the ADAMA Company’sfinancial statements for the year of 2023 along with the audited financial statements, and found thatno discrepancies, in all material aspects, were identified. We have not performed additional auditprocedures against the information stated in the Summary Statement except those relevant to therelated party transactions in the audit of the Company’s financial statements for the year of 2023 inaccordance with China Standards on Auditing.
The accompanying Summary Statement shall be read with the audited financial statements as a wholefor a better understanding of Deposits/Loans Related Party Transaction Relating to Finance Companyfor the year of 2023.
The explanation is used for the presentation of Deposits/Loans Related Party Transaction Relating toFinance Company for the year of 2023 to the securities regulator only, and for no other purpose.
Deloitte Touche Tohmatsu CPA LLP Chinese Certified Public Accountant: Ji YutingShanghai, China
Chinese Certified Public Accountant: Zhao Jingyuan
March 25, 2024
Summary Statement of Deposits/Loans Related Party Transaction Relating to Finance Company
for the year 2023 of ADAMA Ltd.
Unit: RMB '000
| Name of Related Party | Relationship with Listed Company | Accounts of Listed Company | Beginning of 2023 | Increasing in 2023 | Decreasing in 2023 | Ending of 2023 | Interest amount included in increases of 2023 | Category of Financial Service |
| Sinochem Finance Co., Ltd | Legal person controlled by controlling shareholder | Cash at bank | 417,661 | 716,954 | 568,991 | 565,624 | 4,287 | Deposit |
| Sinochem Finance Co., Ltd | Legal person controlled by controlling shareholder | Short-term Loans | - | 50,561 | 50,561 | - | 561 | Loan |
Summary Statement has been signed by the followings on 25 March 2024：
| Legal representative | Chief of accounting work | Chief of accounting organ |