Stock Code: 000553(200553) Stock Abbreviations: ADAMAA(B) Announcement No.2023-10
Abstract of the 2022Annual Report ofADAMA Ltd.
I. Important Reminder
TheAbstract is from the full text of theAnnual Report. Investors are advised to read the full text of the Annual
Report published on the media designated by China Securities Regulatory Commission for having a round
understandofthe Company’sperformance,financialstatusandfuture developmentplan.
All the directorsattendedtheBoardof Directorsmeetingto review theAnnualReport.Nodisagreementwasraised
by the directors,supervisors,andsenior managements.
Non-standardauditorreport
□Applicable √Notapplicable
Planapprovedby the Boardof Directorsfor dividend distribution of ordinary sharesor increasing the capital by
the transferofcapital reserves.
√Applicable □Not applicable
Whetherincreasethe capital by the transferofcapital reserves
□Yes √No
The pre-plan of the dividend distribution approved by the meeting of the Board of Directors refers to the total
outstanding 2,329,811,766 shares of the Company as the basis for the distribution as cash dividend of RMB 0. 27
(beforetax) per 10 shares,to all the shareholdersof the Company.Noshareswill be distributed as sharedividend,
and noreservewill be transferredtoequity capital.
Planapprovedby the Boardof Directorsfor dividend distribution of preferredshares
□Applicable √ Not applicable
II. Basic information about the Company
1. Companyprofile
Stock name ADAMAA,ADAMA B Stock code 000553, 200553
Stock exchange Shenzhen Stock Exchange
Contact Information Board Secretary Securities Affairs Representative &
Investor Relations Manager
Name Guo Zhi Wang Zhujun
Address 6/F, No.7 Office Building, No.10 Courtyard, Chaoyang Park South Road, Chaoyang
District, Beijing
Tel. 010-56718110 010-56718110
E-mail irchina@adama.com irchina@adama.com
2. MainBusinessorProductsduringthe ReportingPeriod
Main Business and Products
The Company is a global leader in crop protection, engaging in the development, manufacturing and
commercialization of a wide range of crop protection products,thatare largely off-patent.TheCompanyprovides
solutions to farmers to combat weeds, insects and disease, and sells its products in over 100 countries, through
approximately 60 subsidiaries worldwide.
The Company's business modelintegrates end-customer access,regulatory expertise, state-of-the art global R&D,
productionand formulation facilities, therebyproviding the Companya significant competitive edge and allowing
it to launch new anddifferentiated productsthatmeetlocal farmersandcustomerneedsin key markets.
TheCompany'sprimaryoperationsareglobal, spanningactivities in Europe,NorthAmerica,Latin America, Asia-
Pacific (including China) and India, theMiddle-East and Africa.
The Company also utilizes its expertise to adapt such products also for the development, manufacturing and
commercialization ofsimilar productsfor non-agricultural purposes(ConsumerandProfessionalSolutions).
In addition, the Company leverages its core capabilities in the agricultural and chemical fields and operates in
several other non-agricultural areas, none of which, individually, is material for the Company. These activities,
collectively reported as Intermediates and Ingredients, include primarily, (a) the manufacturingand marketing of
dietary supplements, food colors, texture and flavor enhancers, and food fortification ingredients; (b) fragrance
products for the perfume, cosmetics, body care and detergents industries; (c) the manufacturing of industrial
productsand(d) othernon-materialactivities.
Generalcropprotectionmarketenvironment
During2022,cropprices reachedrecordlevelsin May2022,drivenbytight stocks,adverseweatherconditionsandtheUkraine-Russiaconflict which disruptedthesupplyof commodities.Priceshavesincedeclinedbut areexpected
to remain above pre-pandemic levels. The high crop prices drove strong farmer income, despite the higher cost
environment (fertilizer, chemicals, labor, energy) faced by farmers. As a result, crop protection demand stayed
strong in 2022 and farmers were able to absorb crop protection price increases. Going into 2023, crop protection
channelinventories in someregions are aboveaverage,which may dampendemandin the nearfuture.
Thecostenvironmenthasimprovedthroughoutthesecondhalfof2022,asrawmaterialandactiveingredient prices
in China continued to decline, logistic prices normalized and energy prices eased. However, costs are still higher
thanpre-pandemiclevels,with someareasstill experiencing es
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