AFC FULL YEAR PRELIMINARY ANNOUNCEMENTS Amended

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 were NZ$4.71 million, which is a 6% decrease from the 2017 financial year. Cash and cash equivalent products were NZ$.67 million, and fixed asset were NZ$1.91 million. The annual sales revenue in the 2018 financial year was NZ$6.51 million dollars, the market value was NZ$3.66 million, and net loss was NZ$0.47 million, which is NZ$0.85 million lower than the loss incurred in the 2017 financial year. In the 2018 financial year, AFC Group has strengthened its financial team, management system and its 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 the 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 Howard Long Howard.Long@afcnz.com +64 21 244 8000 Note: The attached file of this announcement has included the key statements that meet the NZAX requirements. End CA:00319378 For:AFC Type:FLLYR Time:2018-06-14 15:44:25