Slides
Page 1
AFC Virtual Shareholders Meeting 15 September 2025
Page 2
Yang Xia Chairman Shuang Xia Non- Executive Director Charles Cao Independent Director Jacky Wang Independent Director Jingwei Ma Independent Director Board of Directors David Chen Non-Executive Director
Page 3
Proxy Count Proxy votes to date: 3,189 million
Page 4
Dear Shareholders and Guests, Good Afternoon and welcome to you all. The Board of Directors present the outcome for the financial year ending 31 March 2025. AFC Group Holdings Limited ("AFC" or "the Company”) failed to sustain the positive momentum achieved in the prior fiscal period. The performance shortfall primarily stemmed from a significant downturn in overseas wines sales due to weakening demand from overseas, as well as slower than expected progress in new business development. These operational challenges, coupled with an unfavourable international trading environment and macroeconomic conditions, impacted the Company’s financial performance during the period.
Page 5
The Company reported revenues totalling $741,088 in the financial year 2025, a decrease of 44% from last financial year. Driven by the substantial revenue reduction, combined with the difficulty in adjusting fixed operating costs proportionately, the Company incurred a net loss of $184,806 for this period, compared to a net profit of $53,911 in financial year 2024. This financial setback has weakened the Company's equity position, leaving net equity at $243,574. No dividends have been declared or paid for the 12 months ended 31 March 2025. As at 31 March 2025, the Company recorded a total asset of $2,129,822, including cash and cash equivalents of $3,760. The Company will need to continue raise funds to maintain business operations.
Page 6
AFC is well aware of the high level of uncertainty in the market. Despite the challenges, the Group has developed a series of actions to navigate through the current difficulties, achieve future revenue growth and create value for shareholders: • AFC Longview Limited (“AFCLV” and “Longview Estate”) AFCLV is actively pursuing enhanced productivity and market presence. To extend market reach and accelerate sales growth, AFCLV plans to expand its current product line to make our wines more accessible to a wider audience. In addition, the company endeavours to strengthen its overseas sales channels in order to increase sales in China. Domestically, AFCLV is boosting customer engagement through targeted email campaigns, social media activations, and participation in wine exhibitions.
Page 7
• AFC Biotechnology Manufacture Co Ltd To drive sales growth, the company will enhance distributor collaboration, refine agency agreements, and extend its secondary distribution footprint. • AFC Group Holdings Limited AFC is actively exploring new business opportunities. Serving as a pivotal link for trade and investment between New Zealand and China, the AFC has actively involved in international arenas. We participated in the 7th China International Import Expo and the "EFOODLINE" global e-commerce platform, promoting our products and facilitating the entry of SMEs from both countries to access wider international markets. We remain dedicated to our corporate social responsibilities and improving communities' welfare across New Zealand and China.
Page 8
Despite the challenges ahead, AFC will focus on aligning strategies and accelerating operational execution to address market volatility, accelerate operational execution. Our strategic priorities include expanding our market footprint, identifying new opportunities for business growth, and enhancing operational efficiencies. The Board remains optimistic that these focused efforts will enhance shareholder value and drive our long- term growth objectives.
Page 9
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 2025. “That the Annual Report be received.”
Page 10
Resolutions Resolution 3: Re-election of Director To consider and, if thought fit, to pass the following ordinary resolution pursuant to NZX Listing Rule 2.7.1: “That Yang Xia, who retires by rotation and is eligible for re-election, be elected as a non- executive director of the Company.”
Page 11
Resolutions Resolution 4: Re-election of Director To consider and, if thought fit, to pass the following ordinary resolution pursuant to NZX Listing Rule 2.7.1: “That Bo Xian(Charles) Cao, who retires by rotation and is eligible for re-election, be elected as an independent director of the Company.”
Page 12
Resolutions Resolution 5: Re-election of Director To consider and, if thought fit, to pass the following ordinary resolution pursuant to NZX Listing Rule 2.7.1: “That Jianfeng (David) Chen, who retires by rotation and is eligible for re-election, be elected as a non-executive director of the Company.”
Page 13
Thank you for attending AFC Group Holdings Limited Virtual Annual Meeting