ASF GROUP LIMITED — Director's Dealing 2016

Apr 28, 2016

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	ASF GROUP LIMITED
ABN	50 008 924 570

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Xin Zhang
Date of last notice	08/08/2014

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		Direct interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		N/A
Date of change		29/04/2016
No. of securities held prior to change		Indirect interest45,000,000 ordinary shares held bySuntimes International Ltd, a companybeneficially owned by Mr Xin ZhangDirect interest1,000,000 ordinary shares
Class		Ordinary
Number acquired		N/A
Number disposed		N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		N/A	N/A	N/A
	No. of securities held after change				Direct interest46,000,000 ordinary shares
	Nature of chaEl -k	nget td ff-kt td	i f ti		Tran	sfer of 45,000,00	0 ordinary shares
	xampe: onmarissue of securities ubbk	rae, omare rae,nder dividend reinvestment p	xercse o opons,lan, participation in		fromM	Suntimes Internai Zh	tional Ltd to Mr
	uy-ac				r n ang

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior written	N/A
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011