Ann: Preliminary Final Report, page-90

Smartfunding. As well as holding 58.8% of smart funding with its subsiduary, Abelco AB where FFG have a majority shareholding. As we know FFG also hold directly an extra 19.9% stake as well and I hasten to add also have the opportunity of a further 10.1% from a remaining Smartfunding SH.


Some time late last year. Mr. Shariffudin bin Mohamed Raffi, has also given FFG a 6-month option to further purchase an additional 10.1% stake directly in Smartfunding at A$250,000, payable in FFG’s ordinary shares based on a deemed price of the 5 day VWAP at completion and minimum floor price of $0.03 per share. Should the Company choose to exercise the option, completion of the Company’s acquisition of the additional 10.1% is subject to approvals of FFG shareholders and Singapore central bank MAS. This would make total shareholding.

We expect the transaction to take place I would expect but hope the share price trends up in the meantime so we have to give less shares for the A$250,000 option haha. This will make FFGs direct holding to 30%

I am a buyer again after selling a few because of the circumstances. Undervalued share again IMO. Dyor.

GLAH