Ann: Preliminary Final Report, page-2

Managed to find some positivity in the report by looking ahead

Outlook

Management believes that business performance will improve in the next 12 months because the
extraordinary rainfall and floods have ceased, lockdowns in China will not continue and there are early
indications that sales volumes are rising.

Furthermore, management has started implementing several measures to improve productivity and
bolster its cash position, including right sizing assets and staff, consolidating contracted services and
exploring additional financing opportunities.

In terms of future growth, Wiseway’s diversified business model, growing customer base, strategic
industry partnerships, and expanding global footprint will enable it to benefit from the growing
demand for integrated logistics solutions.

In August of 2022, the company announced it entered into a leasing agreement which will provide it
with exclusive use of a class-leading Boeing 737-800 SF. The agreement with leading aircraft leasing
company GA Telesis LLC secures 96 months of access to the cargo-freighter and will run until August
2030. This is a significant milestone in the Group’s growth and marks another step forward in the
current global expansion strategy initiated in 2019.

* Net Tangible assets per security 13c are 43% higher than the current SP of 9.1c.

Let's hope the Financial Drama of FY22 and urgent CR are all behind us and better days are ahead.