AUDITOR’S REPORT ON INTERNAL CONTROL

KPMG Huazhen Shen Zi No. 2607456

To the shareholders of ADAMA Ltd.:

We have audited the effectiveness of internal control over the financial reporting of ADAMA

Ltd. (hereinafter referred to as "ADAMA") as at 31 December 2025 in accordance with the

"Guidelines for Internal Control Audit of Enterprise" and the relevant regulations of standards

for the practice of certified public accountants in China.I. Enterprise's Responsibility for Internal Control

Board of directors of ADAMA is responsible for the establishment improvement and effective

implementation of internal control and the evaluation of its effectiveness in accordance with

"Basic Standards for Internal Control of Enterprises" "Guidelines for Application of Internal

Control of Enterprises" and "Guidelines for Evaluation of Internal Control of Enterprises".II. Auditor's Responsibility

Our responsibility is to express an audit opinion on the effectiveness of internal control over

financial reporting based on our audit and disclose the material deficiencies in the internal

control over non-financial reporting we have noticed.III. Inherent Limitations of Internal Control

Internal control has inherent limitations and may fail to prevent and detect misstatements. In

addition changes in circumstances may lead to inappropriate internal controls or reduced

compliance with control policies and procedures so it is risky to speculate on the effectiveness

of future internal control based on the results of internal control audit.AUDITOR’S REPORT ON INTERNAL CONTROL – (cont’d)

KPMG Huazhen Shen Zi No. 2607456

IV. Opinion on the Internal Control over Financial Reporting

We believe that ADAMA has maintained effective internal control over financial reporting in all

material aspects as at 31 December 2025 in accordance with the "Basic Standards for Internal

Control of Enterprises" and related regulations.KPMG Huazhen CPA LLP Chinese Certified Public Accountant: Wang Jia

Beijing China

Chinese Certified Public Accountant: Wang Shan

26 March 2026