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Stock Code: 000553 (200553) Stock abbreviation: ADAMA A (B) Announcement No. 2024-37
                                                 ADAMA Ltd.
                                   H1 2024 Performance Estimation
 The Company and all the directors confirm that the information disclosed herein is true,
 accurate, complete and contains no false recording, misleading statement or material omission.
I. Performance Estimation
                Item                       Current reporting period                 Same period last year
                                            January to June 2024                    January to June 2023
   Net loss attributable to the
   shareholders of the listed
                                                   (992) - (566)                               (242)
            company
        (RMB in millions)
     Net loss excluding non-
         recurring profits                        (1,044) - (618)                              (305)
        (RMB in millions)
       Basic loss per share
                                               (0.4259) - (0.2430)                           (0.1039)
              (RMB)
Note: The ¡®non-recurring profits¡¯ referred to above are as defined in the Explanatory Announcement No. 1 on Information
Disclosure for Companies Offering their Securities to the Public-Non-Recurring Profit and Loss.
II. Pre-audit of the estimated performance
The estimated results of this period are the preliminary estimation of the Company and have not
been audited nor reviewed by certified accountants. The Company and the external auditor have
preliminarily communicated regarding relevant matters of the performance estimation, and have
no material disagreement.
III. Explanations for Performance Variation
Sales
For the first half year of 2024, ADAMA is expecting to report a decline in sales of approximately
prices and volumes as well as the negative impact of exchange rates. The lower sales resulted
from lower demand impacting quantities and prices.
EBITDA
In the first half year of 2024, the Company is expecting to report a decrease in the EBITDA and
its margin, in comparison to the first half year of 2023. This is despite an increase in the gross
margin, mainly reflecting the positive impact of new inventory sold, priced at market prices.
At the beginning of 2024, the Company began the implementation of a transformation plan which
includes active measures to improve the quality of the business.
Net Loss
In the first half year of 2024, the Company is expecting to report Net Loss (992 - 566 million RMB),
compared to the net loss in the first half year of 2023. The loss deepened in the first half year of
IV. Other Remarks
The estimated results above are only preliminary calculations performed by the finance team of
the Company based on initial financial data available to the Company, and have not been audited
or reviewed by the Company's independent auditors. These estimations may change, inter alia,
as a result of the further processing and analysis of the financial data that the Company will
perform for the preparation of its H1 2024 financial statements. Please refer to the H1 2024 Report
to be duly disclosed by the Company on August 29, 2024 for specific and accurate financial
information.
Investors are reminded to exercise caution when making investment decisions.
Media for Information Disclosure of the Company: China Securities Journal, Securities Times and
Cninfo (www.cninfo.com.cn).
                                                                  By order of the Board
                                                                  ADAMA Ltd.
                                                                  July 12th, 2024