AFC Annual General Meeting Presentation 14 October 2019.

AFC Shareholders Meeting
14 October 2019

Hao (Howard) Long
Director and Chairman of the Meeting

Yang Xia
Chairman
John Li
Independent
Director
Charles Cao
Non-
Executive
Director
Jacky Wang
Independent
Director
Howard Long
Executive
Director
Board of Directors

Dear Shareholders and Guests,
Good Afternoon and welcome to you all.
Afterthreeyearsofdevelopment,AFCGroupis
continuouslyexploringthepathswhichsuitableforits
development.Thegrouphasalsocontinuouslymerged
andacquiredthewinery,biotechnologyandtrading
sectors.Overthepastfewyears,AFCGrouphas
providedmorethan35jobsopportunitiestothelocal
communitiesandpaidnearlyamilliondollarsintaxes.

Intheprocessofcontinuousdevelopmentandexploration,AFCGroup
hasrepeatedlyadjusteditstacticsandstrategicdecisions,andfinally
formedastablestructureledbyAFCGroupwhichfocusesonthetwo
majorsectorsofwineriesandbiotechnology.Asaresult,theGroup
hasamoreprecisefuturedevelopmentplan.
AFCGroupHoldingsLimitedsuccessfullymergedtotheNZXmain
boardequitysecuritymarket(NZX)onthe1February2019and
becameoneofthe173listedcompaniesinNewZealand.Thelistingof
theNZXmainboardhaslaidasolidfoundationforthefuture
developmentoftheAFCGroupintheNewZealandcapitalmarket.
Also,theGroupparticipatedinthefirstChinaInternationalImport
ExpoinOctober2018andachievedexcellentresultsinon-sitesales
andcontractedcustomers.

The DDMASK facial mask brand produced by AFC Biotechnology
Manufacturing Co Ltd. became the first mask brand in New Zealand
registered by China's National Medical Products Administration
(NMPA) in April 2018. The record indicates that DDMASK officially
entered China in a commodities trade and directly faced Chinese
consumers thought supermarket channels. Besides, to provide better
service in the market and to consumers, and to strengthen brand
management, the company has successfully reached strategic
cooperation agreements with several large distributors at the end of
2018. At the beginning of 2019, the company launched the new
scenery view series masks. DDMASK products have successfully
entered the airport duty-free shops and are available to the general
public.

Throughmanagement'scontinuousexplorationofChina'smarketand
channels,DDMASKsuccessfullysoldmorethan22,000boxesinhalf
anhourthroughthenewmediaoflivebroadcasting.Throughthis
successfulattempt,wehaveopenedupnewchannelsforustoexploit
theChineseandinternationalmarketsbyusingmodernmarketing
modessuchastheInternet,bigdata,cross-bordere-commerce,live-
streamandsoon.
In2018-2019,AFCLongviewLimitedactivelyparticipatedinanofficial
eventandexhibitionorganisedbytheNewZealandWineandthe
NZTE.TheseeventshavegreatlyenhancedthereputationofAFC
Longview.Atthesametime,thewineryalsocooperatedwithseveral
NewZealandwell-knownvineyardsandlaunchedavarietyofredand
whitewines.

In2018,thesewineswontheGoldenBottleAward,G100Gold
Award,andotherwineawardsinChina.Thequalityandoutputof
whitediamondsweetwhitewinehavebeenconsolidatedand
improved.Theapplicationfor"WorldIntangibleCulturalHeritage"is
inprogress,andthebrandandinternationalinfluenceoftheproducts
arecontinuallyimproving.
Lookingforwardtothenextyear,AFCGroupanditssubsidiarieshave
aseriesofnewplansandmanagementfrompersonnelstructureto
productstructures,newproductsdevelopmenttocustomerservice,
saleschannelsdevelopmenttobrandpromotions,achievingacost-
effectivemodel,andrevisingtheGroup'sprofitmodeland
organisation.

Overall,AFCGrouphasmadeaqualitativeleapincorporate
governanceandmanagement,brandbuildingandpublicity,andwork
productionthroughouttheyear.Thisisduetothestrongsupportand
substantialhelpbytheshareholders,staffandthesupportfromthe
communities.Moreover,wehopetheshareholderswillsupportour
workasalways.TheBroadpromisestoworkhardertomakeAFCa
betterenterprise,andtocreatemorevalueandrevenueforthe
shareholders,andmoretaxrevenueforthecountry.

Thank you!

Proxy Count
ResolutionFOR
% of Total
Shares AGAINST
% of
Total
Shares DISCRETIONARY
% of
Total
Shares Total ABSTAIN
% of
Total
Shares
1RECEIVE ANNUAL REPORTS2,896,303,064 79.042%-0.000%5,659,956 0.154%2,901,963,020 -0.000%
2REAPPOINT AUDITORS2,896,187,424 79.039%16,000 0.000%5,759,956 0.157%2,901,963,380 -0.000%
3FIX AUDITORS FEES2,896,138,802 79.038%16,000 0.000%5,808,578 0.159%2,901,963,380 -0.000%
4RE-ELECT BO XIAN CAO2,896,129,886 79.037%16,000 0.000%5,808,578 0.159%2,901,954,464 8,916 0.000%
5RE-ELECT QIANG LI2,896,129,886 79.037%16,000 0.000%5,808,578 0.159%2,901,954,464 8,916 0.000%
Total Shares3,664,253,194
Proxy votes to date: 2,901.96 million

Resolutions
Resolution 1: Annual Report
To receive and consider the Annual
Report, including the audit report and
financial statements, for the year ended
31 March 2019.
“That the Annual Report be received.”

Resolutions
Resolution 2: Appointment of Auditor
TorecordthattheCompany’sAuditorsWilliamBuckis
reappointedasauditorspursuanttosection200ofthe
CompaniesAct1993andtoconsider,andifthoughtfit,to
passthefollowingordinaryresolution
“ShareholderapprovalissoughttoreappointtheCompany’s
AuditorsWilliamBuckasauditors.”

Resolutions
Resolution 3: Fixing the Fees and Expenses of the
auditor
Torecordthatshareholderauthorisethedirectorstofixthe
feesandexpensesoftheauditorforthefinancialyear
ending31March2020pursuanttosection200ofthe
CompaniesAct1993andtoconsider,andifthoughtfit,to
passthefollowingordinaryresolution
”That the directors of the Company be authorised to fix the
remuneration of the auditors of the Company for the ensuing year.”

Resolutions
Resolution 4: Re-election of Director
To consider and, if thought fit, to
pass the following ordinary
resolution pursuant to NZX Listing
Rule 3.3.6:
“That Bo Xian (Charles) Cao, who retires by
rotation and is eligible for re-election, be
elected as a director of the Company.”

Resolutions
Resolution 5: Re-election of Director
To consider and, if thought fit, to
pass the following ordinary
resolution pursuant to NZX Listing
Rule 3.3.6:
“That Qiang(John) Li, who retires by
rotation and is eligible for re-election, be
elected as a director of the Company.”

Thank you for attending
AFC Group Holdings Limited
Annual Meeting

---

AFC Group Holdings Limited AGM– 14 October 2019


1.0 Introduction

Good Afternoon

My name is Howard Long; I am a director of AFC Group Holdings Limited.

It is my pleasure to Chair the Annual General Meeting of AFC Group Holdings Limited.

It is 2:00 pm, and it is time to start the meeting.

- I am advised that:
o The correct notice has been given.
o We have a quorum present, and hence we have a correctly constituted
meeting.
- I advise that we have received 18 proxies representing 10,753,016 shares.


2.0 Welcome

I would like to welcome you all to our Annual Meeting of AFC.

The minutes of the Annual Meeting held on 27 August 2018 have been approved by
the Directors and are available for inspection.

I would like to introduce:
My fellow Directors John Li
Charles Cao

The Deputy General Manager of AFC Group Holdings Limited, Kelly Hu.

I confirm that this is a meeting of shareholders of AFC Group Holdings Limited.
Shareholders have the right to attend and vote.

We have other persons here, and we note that the Chair has the option of accepting
questions or comments from non-shareholders at their absolute discretion.

I ask all shareholders to ensure that they have registered at the door. You need to
have a form in case of a poll being called.

Finally, I ask that all mobile phones be turned off or to silent and that you note the exits
to be used in the event of an emergency.


3.0 Apologies

We have apologies from:-
Mr Yang Xia, he could not attend the meeting in person.
Mr Zilei Wang, he is on a business trip to overseas.

Do we have any other apologies?

There are no other apologies


4.0 Meeting Agenda

The business of this Annual Meeting is set out in the Notice of Meeting sent to
Shareholders along with the explanatory notes.

The Directors have previously advised all shareholders to read the document carefully
before making any decisions.

Mr Xia has prepared a speech to the meeting. It will address the meeting at first.

His address will cover the past and the future of AFC. His address will be in Chinese
and Mr Howard Long, the Chair of the meeting will give an English Translation. There
will also be a translation on the screen.

Moving on to the business of the Meeting.

Resolution 1: Annual Report
To receive and consider the Annual Report, including the audit report and
financial statements, for the year ended 31 March 2019.
“That the Annual Report be received.”

I move the resolution, do we have a seconder? Thank you ______________

Is there any discussion?

I now put the resolution.

All in favour, please say Aye

Those against please say no

I declare the motion ______________


Resolution 2: Appointment of Auditor
To record that the Company’s Auditors William Buck is reappointed as auditors
pursuant to section 200 of the Companies Act 1993 and to consider, and if
thought fit, to pass the following ordinary resolution

”That the Company’s Auditors William Buck is reappointed as auditors.”


I move the resolution, do we have a seconder? Thank you _______________

Is there any discussion?

I now put the resolution.

All in favour, please say Aye

Those against please say no

I declare the motion ______________

Resolution 3: Fixing the Fees and Expenses of the auditor
To record that shareholder authorise the directors to fix the fees and expenses
of the auditor for the financial year ending 31 March 2019 pursuant to section
200 of the Companies Act 1993 and to consider, and if thought fit, to pass the
following ordinary resolution

”That the directors of the Company be authorised to fix the remuneration of the
auditors of the Company for the ensuing year.”


I move the resolution, do we have a seconder? Thank you _______________

Is there any discussion?

I now put the resolution.

All in favour, please say Aye

Those against please say no

I declare the motion ______________

Resolution 4: Re-election of Director
To consider and, if thought fit, to pass the following ordinary resolution pursuant
to NZX Listing Rule 3.3.6:

“That Bo Xian (Charles) Cao, who retires by rotation and is eligible for re-
election, be elected as a director of the Company.”


I move the resolution, do we have a seconder? Thank you _________________.

Is there any discussion?

I now put the resolution.

All in favour, please say Aye

Those against please say no

I declare the motion ____________


Resolution 5: Re-election of Director
To consider and, if thought fit, to pass the following ordinary resolution pursuant to NZX
Listing Rule 3.3.6:

“That Qiang (John) Li, who retires by rotation and is eligible for re-election, be elected
as a director of the Company.”


I move the resolution, do we have a seconder? Thank You Mr _____________

Is there any discussion?

I now put the resolution.

All in favour, please say Aye

Those against please say no

I declare the motion ___________


General Business

Is there any business anyone would like to raise?


Final Comment

Ladies and Gentlemen, thank you for your attendance today.
We look forward to enjoying future developments with you.
I declare the meeting closed at ____________pm
I encourage you to speak to the directors over refreshments.

End