Already in China

ANS Australia has continued to develop its business in Hong Kong and in early 2018, AFLexecuted an agreement for the distribution of the Group’s IMF products with Watsons, HongKong’s largest chain of chemists (Watsons Agreement). The initial supply of products wasdelivered to 110 Watsons locations in late July 2018, and marketing efforts are currently beingexecuted to support sales growth in this new retail channel.34In September of 2018, AFL executed an agreement for the distribution of the Group’s AMFproducts with DFCL, which is an entity related to Mannings – Hong Kong’s second largest chainof chemists (DFCL Agreement). The Group’s AMF products are now stocked in approximately115 Mannings stores throughout Hong Kong.ANS Australia has also executed an exclusive distribution agreement with a company based inGuangzhou, PRC, named Guangzhou Exclusive Health Company Limited (Exclusive HealthAgreement) for the exclusive rights to import and distribute the Group’s nutrition products inthe PRC. These rights will not include the Group’s milk formula products. To retain theexclusive rights to distribute the Group’s nutrition products in the PRC, Exclusive Health mustmeet increasing levels of sales over

From Prospectus page: 33


Seems like they are moving nicely and a Kangaroo on the tin will sure make the Chinese look twice.