Preliminary Announcement – Year Ended 31 March 2019

The Directors of Southern Charter Financial Group Limited ("the Company") are pleased to report its financial results for the year ended 31 March 2019. Financial Results The Company reported a net loss attributable to shareholders of $56,142 for the year. This compares with a net loss attributable to shareholders of $417,079 for the previous year. The financial results consisted mainly of expenditure relating to the maintenance of the listed company and interest earned on short term cash deposits. The Financial results in the second part of the year were affected by the transactions associated with the change of the majority shareholder from Golden Tower NZ Limited to Chang Ku EE. These transactions included other income of $100,000 received towards company costs associated with the procedures required to obtain shareholder approvals for the change. The total costs incurred on the transaction are included in the reported administrative costs for the year of $214,916. Future Growth Strategy The Company remains in a position with a strong balance sheet which includes significant cash resources. The Company has considered a number of possible acquisitions and the Board intends on securing a suitable acquisition prior to the next year end. The Company will seek shareholder approval as required to complete any transaction. On behalf of the Directors of Southern Charter Financial Group the Company extends its thanks to the shareholders for their support of the Company. End CA:00336048 For:SNC Type:FLLYR Time:2019-06-14 12:58:15