AFC FULL YEAR PRELIMINARY ANNOUNCEMENTS Amended

FULL YEAR PRELIMINARY ANNOUNCEMENTS
Director’ s Review
Preliminary Announcement of AFC Group Holdings
Limited
The finan cial statem ents of AFC Grou p Holding s Limite d (“AF C Group” ) are still und er aud it 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$0.67 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
it 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.

FULL YEAR PRELIMINARY ANNOUNCEMENTS
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

FULL YEAR PRELIMINARY ANNOUNCEMENTS
AFC Group Holdings Limited
Results for announcement to the market
Reporting Period
12 months to 31 March 2018
Previous Reporting Period
12 months to 31 March 2017
Amount (000s) Percentage change since 31
March 2017
Revenue from ordinary
activities
$6,507 -48.9%
Profit (loss) from ordinary
activities after tax attributable
to security holder
($473) 64.3%
Net profit (loss) attributable
to security holders
($473) 64.3%
Interim /Final Dividend Amount per security Imputed amount per security
It is not proposed to pay any
dividends for the period ended
31 March 2018.
Not applicable
Record Date Not Applicable
Dividend Payment Date Not Applicable
Comments AFC Group Holdings Limited (NZAX: AFC) is listed on The NZX
Alternative Market. The company is headquartered in Auckland, it is a
diversified group specializing in food research and development,
manufacturing, marketing and cross-border trade. It has a
sales network in New Zealand. AFC is one of the few New Zealand
listed companies that offers high-quality products to
Chinese customers through cross-board electronic business. AFC has
a strong policy of integration of all subsidiary companies
which creates significant business advantage. AFC brand is
developing strongly and it is increasing its profile as a listed company
in New Zealand.

FULL YEAR PRELIMINARY ANNOUNCEMENTS

A. Information disclosed in Financial Statements

There is certain information required to be disclosed under NZAX Listing rules in the preliminary
Results Announcement. The specific information set out below is provided in the financial
statements attached (NZAX Listing Rules Appendix 1.2).

1.2(b) - Statement of Financial Performance Please refer to unaudited financial statements
(attached).
1.2(c) - Statement of Financial Position Please refer to unaudited financial statements
(attached).
1.2(d) - Statement of Cashflows Please refer to unaudited financial statements
(attached).
1.2 (e) - Details of dividends Not applicable.
1.2 (f) - Details of dividend/ distribution
reinvestment plans
Not applicable.
1.2(g) - Statement of movements in equity Please refer to unaudited financial statements
(attached).
1.2(i) - Control of entities lost/gained Not applicable.
1.2(j) - Details of associates and JVs Not applicable.
1.2(k) - Other Significant Information
The directors believe that the financial statements
together with the announcement provide
sufficient information for investors to make an
informed assessment on the Company’s
performance and position for the period.
1.2(l) – Commentary on the results for the
period
Please refer to director’s Review (attached).
1.2(m) - Audit statement
The financial statements are being audited and a
copy of the audit report will be provided in July.
1.2(n) - Statement of major changes or trends
There are no major changes in trends to AFC
Group Holdings Limited’s business subsequent to
year end.
1.2(o) - Statement of unrealized gains
There are no unrealized gains from the AFC Group
Holdings Limited and its subsidiaries.

B. Net Tangible Assets per Security (NZAX Listing Rules Appendix 1: 1.3(h))

31 March 2017 31 March 2018
Net tangible assets $000
4,818 4,712
Number of ordinary
securities
3,664,253,194 3,664,253,194
Net tangible asset backing
per ordinary security $
0.0013 0.0013