ADAMA Ltd.
Special Report on Deposits/Loans Related PartyTransaction Relating to Finance Company
For the year ended December 31, 2024
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, 2024 of
ADAMA Ltd.
De Shi Bao (Han) Zi (25) No. Q00270
To the Board of Directors of ADAMA Ltd.:
We are entrusted to audit the financial statements of ADAMA Ltd. (hereinafter referred to as"ADAMA"), which comprise consolidated and the Company's balance sheets as at 31 December 2024,and consolidated and the Company's income statements, consolidated and the Company's statementsof changes in shareholders' equity and consolidated and the Company's cash flow statements andnotes to the relevant financial statements for the year then ended, and have issued the auditor's reportwith unqualified opinion (De Shi Bao (Shen) Zi (25) No. P02658) on March 12, 2025.
ADAMA has prepared the accompanying Summary Statement of Deposits/Loans Related PartyTransaction Relating to Finance Company for the year of 2024 (the “Summary Statement”) inaccordance with the Self-Regulatory Guidelines for Listed Companies on the Shenzhen StockExchange No. 7 - Transactions and Related Party Transactions.
The management of ADAMA is responsible for the faithful preparation and disclosure of theSummary Statement that give a true, legal and complete view. We have compared the SummaryStatement and the accounting information reviewed by us during the audit of the Company’s financialstatements for the year of 2024 along with the audited financial statements, and found that nodiscrepancies, 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 2024 inaccordance with China Standards on Auditing.
The accompanying Summary Statement shall be read along with the audited financial statements asa whole for a better understanding of Deposits/Loans Related Party Transaction Relating to FinanceCompany for the year of 2024.
The explanation is used for the presentation of Deposits/Loans Related Party Transaction Relating toFinance Company for the year of 2024 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 12, 2025
Summary Statement of Deposits/Loans Related Party Transaction Relating to Finance Company
for the year 2024 of ADAMA Ltd.
Unit: RMB '000
| Name of Related Party | Relationship with Listed Company | Accounts of Listed Company | Beginning of 2024 | Increasing in 2024 | Decreasing in 2024 | Ending of 2024 | Interest amount included in increases of 2024 | Category of Financial Service |
| Sinochem Finance Co., Ltd | Legal person controlled by controlling shareholder | Cash at bank | 565,624 | 874,900 | 813,090 | 627,434 | 6,626 | Deposit |
| Sinochem Finance Co., Ltd | Legal person controlled by controlling shareholder | Short-term Loans | - | 50,228 | 30,228 | 20,000 | 228 | Loan |
Summary Statement has been signed by the followings on 12 March 2025：
| Legal representative | Chief of accounting work | Chief of accounting organ |