Right. Good afternoon, everyone. Hopefully you can hear my voice. It's great to see so many people turn out today. My name is Howard Long. I'm the Interim CFO of AFC Group Holdings Limited. It's my pleasure to Chair the virtual annual general meeting of AFC Group Holdings. AFC has decided not to offer the AGM in person this year, therefore, the shareholders can attend the meeting through a Zoom meeting only. Right. It's 2:00 P.M. now, and it's time to start the meeting. I'm advising that the correct note has been given, and we have a quorum of online participants present, and therefore, we have a correct constituted meeting. I would like to welcome. Just a second. Right.
I would like to welcome you all to our virtual AGM of AFC and the minutes of the annual meetings held on 25 September 2026, has been approved by the directors and are available for inspections. We have the page shows there the directors of AFC. Today we have Mr. Yang Xia, Charles Cao, and Shuang Xia. Three of our directors are attending, and Karen Zen Davis has sent apologies. I advise that we have received 30 proxies representing 318,121,706 shares, which is 87% of the total valid securities vote. I confirm that it's a meeting of shareholders of AFC Group Holdings Limited. Shareholders has the right to attend and vote. We also have other persons here, and we know that the chair has options of certain questions or comments from the non-shareholders at their absolute discretion.
I asked all shareholders ensure if you wish to vote on today, you need to email your shareholder details like the CSN, the security holder number, your registered names and address, and your voting intention for each resolutions. Or scan your proxy voting form to accounts@afcnz.com by 3:00 P.M. on Friday, today, 25 September 2026. If you need to have a form in case of a poll being called. Today we have two directors apologies. They're not here today. Now let's move on to the business of the meeting. Hang on. Somebody's joining. Moving on to the business of the meeting. The business of this annual meeting is set out in the notice of meeting sent to the shareholder, along with the explanatory notes. And the director have previously advised all shareholder to read the documents carefully before making any decisions.
Today's Resolution Number 1, the annual report. To receive and consider the annual report, including the audit report and financial statement for the year ended 31 March 2026. If saw fit to pass the following ordinary resolutions that the annual reports be received. I move the resolution. Do we have a seconder? All right. Is there any discussion? I'll now put the resolutions. All in favor, please say aye. Those against, please say no. All right, I declare the motion carried. Let's move on to the Resolution Number 2, fix the fee and expense of the auditor. Grant Thornton New Zealand Audit Limited is the company's external auditor, and this resolution authorized the director to fix the auditor's fee and expense for the financial year ended 31.
It should be 31st of March 2027, pursuant to Section 200 of the, oops, of the Companies Act 1993, and to consider, if so fit, to pass the following ordinary resolution that the directors be authorized to fix the fees and expense of Grant Thornton New Zealand Audit Limited as the company auditors for the financial year ended 31st of March 2027. I move the resolution. Do we have a seconder? Is there any discussion? I now put the resolution. All in favor, please say "Aye," and those against, please say "No." I declare the motion carried. Next will be the Resolution Number 3, re-elections of directors.
To consider, and if so fit, to pass the following ordinary resolution pursuant to NZX Listing Rule 2.7.1, that Mr. Shuang Simon Xia, who retires by rotation and is eligible for re-election, be elected as a non-executive director of the company. I move the resolution. Do we have a seconder? Is there any discussions? I now put the resolution. All in favor, please say "Aye," and those against, please say "No." I declare the motion carried. Okay, that's quick. It's our last resolution, re-elections of directors. To consider, and if so fit, to pass the following ordinary resolution pursuant to NZX Listing Rule 2.7.1, that Ms. Jing wei Karen Ma, who retires by rotation and is eligible for re-elections to be elected as an independent director of the company. I move the resolution. Do we have a seconder? Thank you.
Is there any discussion? Right. I now put the resolution. All in favor, please say "Aye," and those against, please say "No." Okay, I declare the motion carried. Right. Is there any business anyone would like to raise?
Can you give a rundown of what's the future of the company, what's happening?
Right. The company is I haven't authorized, but the company is under the negotiations to have a couple of projects. It could be RTO, reverse takeover, and of course, it has Longview Estate, the winery, and also have other trading business. The skincare products are still selling. We have operations underway, and we also have other projects under negotiation. Does it answer your question, Ross?
Oh, I was just curious of how different it was from last year from what was happening.
Right. The different is because the company have suffered from the COVID, and it's not been recovered. The board is looking for other opportunity right now rather than carry over for another year. I guess that there will be other opportunities coming.
Thank you.
Yep. Thank you, Ross. Any other questions or maybe from other attendants? All right. Thank you. No question. That is good. That is quick. Ladies and gentlemen, thank you for your attendance today. We look forward to enjoying future developments. Hopefully, there will be more opportunities, and will be announced. I declare the meeting closed at 2:13 P.M., and thanks for joining. Okay. Thank you, Ross.
Thank you.
Okay. Meeting is closed. Thank you.