2023 Annual Meeting Presentation Material

Southern Charter Financial
Group Limited
Annual Meeting
28 September 2023

Agenda
•Welcome and Introductions
•Formalities
•Presentation to Shareholders
•Q&A Discussion
•Resolutions

Formalities
•Attendance of the virtual meeting has been left open for all interested to be
able to attend.
•The meeting is recorded.
•To ensure that voting is accounted for correctly, all votes will be required to
be submitted electronically. For shareholders who have not voted yet via
Link, but still wish to do so after the meeting, please forward your
completed voting form to john.cilliers@outlook.co.nz by no later than 4pm
today. (contact John if you need a form)

Review of the year ended 31 March 2023
•Increase in interest income as result of
higher bank interest rates
•Expenses substantially related to the
maintenance of the listed company
•Expenses higher in 2023 mainly in due
diligence and compliance activities
related to the acquisition of the license
agreement and subsequent outsourced
production agreement for the
manufacture and supply of a self-
cleaning, antimicrobial, surface
coating product.
•There were no changes in the number
of shares on issue
2023
$
2022
$
Interest income26,12111,264
Administrative
expenses
306,197175,914
Net loss280,107164,650
Net assets1,626,3401,906,447
Cash and Term
deposits
1,593,9242,001,749

Progress to date
Jan-23: Shareholder approval
Feb-23: Entry into Pilot Outsource Agreement
Sep-23: Pilot Manufacturing Facility setup completed
Provided product samples and information to range of potential
international customers
Next:
Nov-23: ISO Certifications
Nov-23: Additional marketing materials and new website.
Register trademarks. New company name to align with product.
Dec-23: Dubai Trade Exhibition
Ongoing marketing and samples production. Potential for 1
st
sales commencing
from Oct-23/Nov-23

More about the product
•Is a metal oxide coating with Zinc Oxide as the active ingredient using new
technology that overcomes the limitations of similar products.
•Alternative products in the market can be toxic, more difficult to apply and
cost more. Eg.Silver Oxide and Titanium Oxide.
•It is extremely effective against a broad spectrum of microbes from
bacteria to mold, funguses and yeasts
•The unique technology enables the coating to bind properly with extremely
thin layers, making it suitable for use on glass.
•Potential wide range of commercial and consumer applications.
•Customers currently evaluating the product are from various countries.
Potential applications include coatings for glass, egg cartons, furniture,
cutting boards and high use surfaces in public areas.

More about the manufacturing facility
•Located in Malaysia
•Manufacturingfacility has annual fixed cost of approx. NZD400,000
covering the facility and manufacturing. Direct materials costs is additional,
dependent on volume produced.
•Annual production capacity of 25 to 30 tons, scalable up to 50 tons.
•Sales price depends on the performance requirements of the customer and
is affected by the nano-particle size in the antimicrobial compound for
coating into the end productmaterial as well as the thickness of the
coating surface requirements for clarity and durability.
•Finished antimicrobial formula is either powdered or a concentratedliquid.
•Sales price range US$150 to $350 per kg.
•Sales commission of 30% on Gross Profit.

Questions

Resolution 1
Kuan Chong Ng (“KC”), who was appointed as a Director by the Board during the year, offers
himself for election. KC is not an independent director as he is an advisor and personal
assistant to Chang Ku EE, the Chairman of the Board and majority shareholder of SNC.
Accordingly, the shareholders of the Company are requested to consider and, if thought fit,
pass the following resolution as an Ordinary Resolution:
That Kuan Chong Ng, who was appointed as a Director by the Board during the year, be
elected as a director of SNC
ForOpenAgainst
% of Issued
Capital
Abstain
Votes
406,024,65561,1429,00078.87%
0
Holders
851
Percentage
99.98%0.02%0.00%
Proxies:

Resolution 2
John Cilliers retires by rotation in accordance with the Company’s constitution. Being eligible,
John offers himself for re-election. The Board considers John to be an Independent Director.
Accordingly, the shareholders of the Company are requested to consider and, if thought fit,
pass the following resolution as an Ordinary Resolution:
That John Cilliers, who retires in accordance with NZX Listing Rule 2.7.1, and being eligible for
re-election, be re-elected as a director of SNC.
ForOpenAgainst
% of Issued
Capital
Abstain
Votes
406,024,65561,1429,00078.87%
0
Holders
851
Percentage
99.98%0.02%0.00%
Proxies:

Resolution 3
BDO is automatically reappointed at the annual meeting as the auditor of the Company under
section 207T of the Companies Act. This resolution authorises the Board to fix the fees and
expenses of the auditor.
Ordinary Resolution:
That the Board is authorised to fix the remuneration of the Company’s auditors for the
forthcoming year.
ForOpenAgainst
% of Issued
Capital
Abstain
Votes
406,033,65561,142078.87%
0
Holders
950
Percentage
99.98%0.02%0.00%
Proxies:

Thank you