StockCode:000553(200553)StockAbbreviation:ADAMAA(B)NO.2025-37

ADAMALtd.AnnouncementontheProgressofRelatedPartyTransaction

I.ProgressoftheRelatedPartyTransaction

OnDecember31,2021,anEntrustedOperationandManagementAgreement(hereinafteras“Agreement”)wassignedbyandbetweenADAMALtd.(hereinafteras“theCompany”)andChinaNationalAgrochemicalCo.,Ltd.(hereinafteras“CNAC”),accordingtowhich,duringtheentrustmentperiod,theCompanyshallbeentrustedwiththemanagementrightsheldbyCNACoverAnhuiPetroleum&ChemicalGroupCo.,Ltd.(hereinafteras“AnhuiPetro&Chemical”).TheCompanyshallreceiveentrustmentfees(equaltotheamountofRMBequivalenttoUSD500,000peryear)fromCNAC,theentrustmentperiodundertheAgreementshallbetwoyears(asdetailedintheAnnouncementonSigningofanEntrustedOperationandManagementAgreementwithaRelatedPartydisclosedbytheCompanyonJanuary4th,2022).

Subsequently,theCompany,ADAMA(China)InvestmentCo.,Ltd.(hereinafterreferredtoas"ADAMAChina")andCNACenteredintotheSupplementalAgreementandtheSupplementalAgreement(II)(hereinaftercollectivelyreferredtoas"SupplementaryAgreements"),bothofwhichextendedtheentrustmentperiod(pleaserefertotheAnnouncementoftheResolutionsofthe29thMeetingofthe9thSessionoftheBoardofDirectorsandtheAnnouncementoftheResolutionsofthe8thMeetingofthe10thSessionoftheBoardofDirectorsdisclosedbytheCompanyonthewebsiteofJuchao

InformationonDecember30,2023andDecember19,2024respectively).OnOctober28,2025,the15thmeetingofthe10thsessionoftheBoardofDirectorsoftheCompanyapprovedaproposalregardingthesigningofaSupplementalAgreementIIItotheEntrustedOperationandManagementAgreement(“SupplementalAgreementIII”),toextendtheentrustmentperiodundertheAgreementandSupplementalAgreementsforoneyearuntilDecember31,2026(“Transaction”).ThisTransactionconstitutesarelated-partytransaction.AmongthesixdirectorsoftheCompany,therelated-partydirectors,Mr.QinHengde,Mr.LiuHongshengandMr.AnLirurefrainedfromvoting,whileamongtheremainingvotesofthethreedirectors,therewerethreeaffirmativevotes,zeronegativevotesandzeroabstentions.TheCompany’sSpecializedMeetingofIndependentDirectorswasheldtoconsiderthisproposalandissuedapprovalopinion.TheTransactioniswithintheapprovallineoftheBoardofDirectorsandisnotsubjecttotheapprovaloftheshareholders.II.MainContentsoftheSupplementalAgreementIIItotheEntrustedOperationand

ManagementAgreementPartyA:ChinaNationalAgrochemicalCo.,Ltd.PartyB:ADAMALtd.PartyC:ADAMA(China)InvestmentCo.,Ltd.MainTerms:

1.ExtendtheentrustmentperiodundertheAgreementandSupplementaryAgreementsforoneyearuntilDecember31,2026.

2.TheEntrustedOperationandManagementAgreementandtheSupplementaryAgreementsshall,exceptasamendedbytheSupplementalAgreementIII,remaininfullforceandeffect.

3.ThisSupplementalAgreementIIIshallbecomeeffectiveonthedateonwhichall

ofthefollowingconditionsaremet:(1)thePartiessignthissupplementalagreementIII;

(2)ADAMAcompletestheinternalapprovalprocessrequiredbytheArticlesofAssociation.III.DocumentsforReference

1.Theresolutionsofthe15

th

Meetingofthe10

thSessionoftheBoardofDirectorsoftheCompany.2.TheresolutionsoftheSpecializedMeetingofIndependentDirectors.3.SupplementalAgreementIIItotheEntrustedOperationandManagementAgreement(tobesigned).Itisherebyannounced.

TheBoardofDirectorsofADAMALtd.

October30,2025