rd
Meeting of the 9
th
Sessionof the Board of DirectorsIn accordance with the Company Law of the People’s Republic of China,Administration Measures for Independent Directors of Listed Companies, and otherlaws, regulations and normative documents, as well as the Articles of Association andIndependent Director System, we, as the independent directors of ADAMA Ltd.(hereinafter referred to as “Company”), had a prior review on the relevant matter ofthe 33
rd
meeting of the 9
thsession of the Board of Directors. We give our opinionsfrom the standpoint of independent judgment:
1. Pre-approval on Credit Facility from the Related Party
In order to further support the Company’s ongoing working capital needs, theCompany's wholly-owned subsidiary, Adama Agricultural Solutions Ltd. (directly, orthrough one or more of its subsidiaries) is contemplating applying for a new creditfacility not exceeding USD 200 million from any of the overseas subsidiaries ofSyngenta Group Co., Ltd., which is reasonable and sufficient for expanding thefunding sources of the Company and its subsidiaries and is normal businessoperations.The transaction is based on the principles of voluntariness, fairness andreasonableness. The transaction price and method meet market terms. The transactionwill not harm the interests of the Company, the non-related shareholders, and themedium-small shareholders.We pre-approve the above matter on the related party transaction and agree to submitthe matter to the Board of Directors.
(The signature page of Pre-approval of the Independent Directors on the RelevantMatters of the 33
rd
Meeting of the 9
thSession of the Board of Directors)
Independent Director Signature:
__________________ ___________________
Ge Ming Yang Guangfu
April 24, 2024