Ann: Appendix 4C and Quarterly Activity Report - March Qtr 2023, page-2

This company is now a quarter to quarter proposition

Adding the $1 million (now worth $900K - great investment that Mr Xin Yang), they have $2.6 million in cash. On current cash burn rate, AHF have 1.73 quarters of funding.

These two paragraphs are just spin:

"The Board has a number of short, medium and long-term strategies for management of the Group’scash position to ensure operations are well funded. As noted above, current inventory holdings ofthe Group’s infant formula products are sufficient to support ongoing development of ourdistribution network and discussions are advanced with several potential distribution partners.
The Group is also continuing to progress the sale of residual dairy processing equipment as partof the closure of the Manifold Street site. In addition, the Group has capital raising opportunitiesavailable to it from existing shareholders and sophisticated investors as well as debt fundingarrangements."

The only assets that are real are inventory (have not shown consistently they can move that), and land.

Expect a fire sale soon