Ann: Market Update, page-6

This is all I need to know about whether to become a shareholder in this company

It raised $31m in the IPO, of which less than $4m is working capital

This below is Chinese company fees.

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Vested Equities Pty Ltd has acted as Lead Manager of the Offer. The Company has paid, or agreed to pay, the Lead Manager the fees described in Section 9.4; •

Ramsden Lawyers has acted as legal adviser to the Company in relation to the Offer. The Company has paid, or agreed to pay, approximately $282,000 (excluding disbursements and GST) for these services up until the Prospectus Date. In addition, Ramsden Lawyers has acted as legal adviser to the Company in respect of the acquisition of the Initial Portfolio. The Company has paid, or agreed to pay, approximately $208,000 (excluding disbursements and GST) for these services up until the Prospectus Date. Further amounts may be paid to Ramsden Lawyers in accordance with its normal time-based charges;

• Grant Thornton has acted as Investigating Accountant and has prepared the Investigating Accountant’s Report. The Company has paid, or agreed to pay, approximately $250,000 (excluding disbursements and GST) for these services up until the Prospectus Date. Further amounts may be paid to Grant Thornton in accordance with its normal time-based charges; and

• Strategic Equity Alliance Pty Ltd has acted as Corporate Adviser. The Company has paid, or agreed to pay, the Corporate Adviser a fee equal to 3.5 percent (%) of the total IPO Market Capitalisation. The fee will be paid by way of $1,936,326 in cash.

LEAD MANAGER AGREEMENT

Vested Equities Pty Ltd (‘Vested’) has been engaged as the exclusive lead manager for the proposed IPO of ASG. The agreement does not constitute an underwriting agreement. Vested will undertake a due diligence review of ASG’s current assets, operations and business. Vested will be paid a management fee equal to 1.0% and a selling fee equal to 4.0% on the total gross proceeds received by ASG under the Offer. Either party may terminate the lead manager agreement at any time by the giving of seven (7) days’ notice in writing to the other party. Vested and ASG may terminate without notice if either party commits a breach of the agreement that has a material and adverse effect on the other party and fails to remedy that breach within seven (7) days’ notice in writing or an insolvency event occurs in relation to either party.