ASF GROUP LIMITED — Major Shareholding Notification 2016

Apr 28, 2016

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme ASF Group Limited

ACN/ARSN

008 924 570

1. Details of substantial holder (1)

Name Xin Zhang N/A ACN/ARSN (if applicable)

The holder became a substantial holder on 29 / / 04 2016

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary	46,000,000	46,000,000	7.62%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

ubstantial holder are as follows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Xin Zhang	Direct Interest	Ordinary46,000,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered asholder(8)	Class and number ofsecurities
Xin Zhang	Xin Zhang	Xin Zhang	Ordinary46,000,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

al holder became a substantial	holder is as follows:
Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number ofsecurities
		Cash	Non-cash
Xin Zhang	29/04/2016	N/A	N/A	Ordinary45,000,000

29 04 2016