Analyst Coverage

Firm Analyst
Guggenheim Partners
Paul Jeng
H.C. Wainwright & Co.
Arthur He
Leerink Partners
Daina M. Graybosch
LifeSci Capital
Charles Zhu
Lucid Capital Markets
Christopher Liu
Morgan Stanley
Maxwell Skor

Adagene Inc. is followed by the analysts listed. Please note that any opinions, estimates or forecasts regarding Adagene Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Adagene Inc. or its management. Adagene Inc. does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.