Stock Code: 000553 (200553) Stock abbreviation: ADAMA A (B) Announcement No. 2026-2

ADAMA Ltd.2025 Full Year 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

1. Estimation period: January 1 2025 - December 31 2025

2. Estimated performance: net loss

Item Current reporting period Same period last year

January to December January to December

20252024

Net loss attributable to the

shareholders of the listed company (1233)-(873) (2903)

(RMB in millions)

Net loss excluding non-recurring profits

and losses (1523)-(1163) (3025)

(RMB in millions)

Basic earnings per share

(RMB) (0.5290)-(0.3746) (1.2461)

Sales (RMB in millions) 28511-29379 29488

Sales after deduction* (RMB in

millions) 28453-29320 29436

Note: The ‘non-recurring profits and losses’ 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.* Sales after deduction refers to sales after deducting sales unrelated to the main business and sales without

commercial substance

II. Communication with External Auditor

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 full year of 2025 ADAMA is expecting to report a decline in revenues of approximately

0% - 3% in RMB terms (1% - 4% in USD terms) compared to the full year of 2024. The decline

in revenues was generally attributable to lower prices and the Company’s decision to optimize its

portfolio and geographical presence and to pivot away from selling some basic chemical

products as well as significant declines in Turkey in Q1. Prices remained weak mainly due to

low prices of active ingredients in light of overcapacity as well as a high-interest-rate

environment and low commodity prices which put pressure on distributors and farmers.Reported EBITDA and Lower Net Loss

For the full year of 2025 the Company is expecting to report an increase in gross profit and in its

margin compared to the full year of 2024 mainly reflecting the positive impacts of lower costs due

to improved operational efficiency and lower costs of inventory sold more than compensating for

lower prices. Similarly the Company is expecting to report an increase in EBITDA and in its

margin for the full year of 2025.The Company expects to significantly reduce reported net loss to the range of RMB 1233 million

to 873 million for the full year of 2025 compared to a loss of RMB 2903 million for the full year of

2024. This expectation is mainly attributable to higher operating profit and lower tax expenses

despite an increase in financial expenses. In the process of further improving operational

efficiency and optimizing manufacturing facilities as part of the Company’s Fight Forward

strategic transformation plan the Company expects to record fixed asset and inventory

impairments mainly in Q4 2025 in addition to the credit losses due to liquidity issues of some

local distributors in certain countries (For details please refer to the Announcement on Asset

Impairment (Announcement No. 2026-3)).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 financial statements for the full year and fourth quarter of 2025.Please refer to the Report for the full year 2025 to be duly disclosed by the Company on March

27th 2026 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.January 30 2026