ADAMA Ltd.Special Report on Statement of Deductible Items from Sales

For the year ended December 31 2025Note: The Special Repot on Statement of Deductible Items from Sales will be issued in Chinese. This

special report is English translation prepared for the Company's management review purpose only

and cannot be provided to third parties for other purpose. If there is any conflict between the Chinese

and English version the Chinese version shall prevail.Special Report on Statement of Deductible Items from Sales

For the year ended December 31 2025

ADAMA Ltd.KPMG Huazhen Zhuan Zi No. 2601667

To the shareholders of ADAMA Ltd.：

We are engaged to audit the financial statements of ADAMA Ltd. (hereinafter referred to as

"ADAMA") which comprise consolidated and the Company's balance sheets as at 31 December 2025

and consolidated and the Company's income statements consolidated and the Company's statements

of changes in shareholders' equity and consolidated and the Company's cash flow statements and

notes to the relevant financial statements for the year then ended and have issued the auditor's report

with unqualified opinion on March 26 2026.ADAMA has prepared the attached 2025 Statement of Deductible Items from Sales (hereinafter

referred to as the Statement of Deductions) in accordance with the relevant provisions of the Rules for

Listing Stocks on the Shenzhen Stock Exchange and the Self-Regulatory Guide for Listed Companies

on the Shenzhen Stock Exchange No. 1 - Business Handling.The preparation and disclosure of the Statement of Deductions as well as ensuring its

authenticity legality and completeness are the responsibility of the management of ADAMA. On a

sampling basis we compared the amounts of the items set out in the Statement of Deductions with the

relevant information in the accounting records provided by ADAMA and the audited financial

statements and found no inconsistencies in all material respects.In order to better understand ADAMA’s 2025 deductible items from sales the attached

Statement of Deductions should be read in conjunction with the audited financial statements.This special report is solely for use by ADAMA for the purpose of its disclosure of 2025 annual

report and may not be used for any other purpose without the prior written consent of our firm.KPMG Huazhen CPA LLP Chinese Certified Public Accountant

Beijing China Wang Jia

Chinese Certified Public Accountant

Wang Shan

March 26 2026

- 1 -ADAMA Ltd.ADAMA Ltd.Special Report on Statement of Deductible Items from Sales

For the year ended December 31 2025

Unit：RMB’000

Items Current year Prior year Notes

Sales 28944586 29488046

Total amount of Sales deductions 58387 52442

The proportion of total deductions to Sales 0.20% 0.18%

Deduction items in details：

1、Sales unrelated to the main business

(1). Other operating income unrelated to the main business 58387 52442 Note 1

(2). Non-qualified financial business income as well as

income generated from newly launched financial business in - -

the current and previous year

(3). Sales generated from newly launched trading business

in the current and previous year - -

(4). Related party sales unrelated to the normal business

operations of the Company - -

(5). Sales for the period from the beginning of the period to

the date of consolidation of subsidiaries resulting from - -

business combinations under the same control;

(6). Other income from businesses that have not formed or

are difficult to form a stable business model - -

Sub-total 58387 52442

2、Sales without commercial substance

(1). Sales generated from transactions or events that would

not significantly change the risk timing or amount of the - -

future cashflows

(2). Sales generated from transactions without real business - -

(3). Sales generated from transactions without fair prices - -

(4). Sales generated from subsidiaries or businesses acquired

through unfair transactions or not acquired through a deal - -

(5). Sales related to qualified audit opinion - -

(6). Other sales without commercial substance - -

Sub-total - -

3、Other Sales unrelated to the main business or

without commercial substance - -

Sales after deductions 28886199 29435604

Note 1：Other operating income unrelated to the main business was mainly generated from the sales of

by-products and rental income.This Statement has been signed by the followings on 26 March 2026：

Legal representative Chief of accounting work Chief of accounting

organ