Change of Director Announcement

AFC Group Holdings Limited (the "Company") is pleased to announce Mr Jianfeng Chen (David) has been appointed to the Board as independent director for the purpose of the NZX listing rules 2.6.2. Mr Chen's appointment effectives from 25 October 2022. Jianfeng Chen (David) is a citizen of Australia. He has more than 25 years of commercial and international trade experience in Australia, New Zealand and China. David has previously held a variety of executive positions at various companies. After joining AFC, David will focus on promoting the Longview Estate White Diamond Wine. AFC also announces that Mr. Qiang Li (John) has resigned as an independent director of AFC Group Holdings Limited. Mr. Li's resignation is effective from 25 October 2022. The board appreciates Mr. Li for his contribution to AFC since 2017. On behalf of the Board of Directors Hao Long CFO 25 October 2022 End CA:00401096 For:AFC Type:ADMIN Time:2022-10-25 16:13:08