Ann: Quarterly Report & 4C, page-2

So sales channels now include the Dawine website, the Alxa Wine Club, which has access to hundreds of thousands of registered Alxa Festival members, along with Wechat and Tmall stores.

They have certainly hit the ground running for a company only really nine months into becoming ASX listed.

Sales up form $1000 last quarter to $88000 this quarter. They should have headlined with 'revenue increases 870% this quarter'

While on the surface a disappointing figure, it is exceptional growth, and would not include sales from the Alxa festival or from the up-coming singles day.

What needs remembering too I think, is that this is a product of repeat and growing orders. Once a retailer has purchased and had a good experience, they will be a customer for years to come.

The movement into wholesale sales is definitely a smart one too.

Probably another quarter floundering at around this share price level, but plenty happening to show that Dawine has huge potential. Sentiment back to hold.

Milesy