AFC FULL YEAR PRELIMINARY ANNOUNCEMENTS

Director's Review Preliminary Announcement of AFC Group Holdings Limited The financial statements of AFC Group Holdings Limited ("AFC Group") are still under audit for the period ending 31 March 2018. The net asset was NZ$4.71 million dollars, which a 6% decreased from the 2017 financial year. Cash and cash equivalent products were NZ$670,000 dollars, and fixed asset was NZ$1.91 million dollars. The anticipated annual sales revenue in the 2018 financial year was NZ$6.51 million dollars, the market value was NZ$3.66 million dollars, and net profit was at a loss of NZ$470,000 dollars, which is NZ$850,000 less than the loss incurred in the 2017 financial year. In the 2018 financial year, AFC Group has further strengthened its financial team, management system and the policies and procedures, which cover different aspects and levels of the organisation. AFC Biotechnology Manufacture Co Ltd has successfully and smoothly continued production since the beginning of the year's trial operation. The production capacity has reached the ideal state during continuous debugging and learning. The popularity of the high-quality DD Mask continues to increase under the brand promotion of China and New Zealand. AFC International Trading Group Ltd wholeheartedly organised several large-scale events for its brand. DD Mask's brand was effectively promoted and successfully expanded. The wine varieties of AFC Longview Ltd has included premium, medium and low wines. The Longview flagship wine, The White Diamond sweet white wine, is now broadcasted in China market. In the past year, National Dairy Group Ltd has obtained trademark for brands including Morning, DD Mask and others. In general, there is a great improvement in the Group's system and management, brand building and publicity, work production and financial processes, staffing, managerial level and employee awareness. On behalf of the Board of Directors Hao Long Director AFC Group Holdings Limited For Further Information Please contact Mr Hao (Howard) Long howard.long@afcnz.com +64- 21- 244- 8000 End CA:00319368 For:AFC Type:FLLYR Time:2018-06-14 13:30:53