AUD $6 Million Bulk order July 2019

Well I wonder if we receive any update on this substantial order.
Has just about completed it's 12 Month period. Very decent Dollar amount OR another failure to complete.


31 JULY 2019

HOLISTA COMMENCES SHIPMENT TO CHINA FOR AUD $6 MILLION BULK
ORDER FOR PATENTED LOW GLYCAEMIC INDEX NOODLES

• Sales order marks Holista’s significant entry into China’s multi-billion-dollar noodle market
• First sea shipment of low-GI noodles commenced in JULY 2019
• Recent study in the Journal of American Medical Association (JAMA) surprisingly found that
50.1% of Chinese adults are pre-diabetic1

PERTH/KUALA LUMPUR/EDMONTON - 30 July 2019
–
ASX-listed Holista CollTech Limited (ASX:HCT, Holista)
announced that its indirect subsidiary, HolistaFoods has shipped the first 20-foot container of low Glycaemic
Index (low-GI) noodles to China as part of a confirmed AUD $6 MILLION (RM17.1 million) contract. The bulk
international order with Express Trading of Canada (Express) – the exclusive distributor – is for a 12 Month
period commencing July 2019. Holista Colltech owns 53% of LiteFoods which in turns owns 74% of HolistaFoods.
Holista Colltech is in the process of fully acquiring LiteFoods and HolistaFoods. This will be completed by the
DECEMBER quarter of 2019.

The contract between HolistaFoods, and Express marks the entry into China’s noodle market, the world’s largest.
Based on the contract, Holista expects to ship about 58 Containers, valued at A$2.1 million (RM6.0 million), from
Canada to China to December 2019. During 2020, this will rise significantly to an average of 40 containers per Month
from Early 2020.
While the two companies had signed an MOU in February 2018, confirmed orders and shipments were delayed
due to various regulatory requirements in China, including label adjustments to meet Chinese government
requirements.

“This confirmed order from Express marks a major milestone as it is the first bulk contract to an international
market. We are excited by the breakthrough into a major market such as China which have increasing diabetic
and aging populations,” said Dr. Rajen Manicka, Founder & CEO of Holista CollTech, which is headquartered in
Kuala Lumpur, Malaysia.
“Apart from providing a major catalyst to our international sales, the confirmed order will also contribute to
Holista’s financial performance in FY 2019 and beyond,” he said.

Ms. Yan Zhou, CEO of Express, said: “Our company had learnt a considerable amount from last year’s effort to
ship the noodles into China. We are working with our wide network of distributors, wholesalers and retailers to
bring this exciting product to the Chinese market. We will also be raising awareness of Holista’s healthy low-GI
noodles through the proven effectiveness of Chinese celebrity endorsements and social media platforms.”

Ms Nadja Piatka CEO OF Holista Foods, said: “This game-changing agreement with Express is in line with
HolistaFoods’ plans to be a major global supplier, starting with China. We are now initiating discussions for
supply into Hong Kong, Macau and Taiwan. This is a monumental moment for the Company”.
END OF PRESS RELEASE

For further information, please contact:
Corporate Affairs & Business Opportunities
Dr Rajen Manicka: [email protected]
General Enquiries: [email protected]
Australia
283 Rokeby Road
Subiaco WA 6008
P: +61 8 6141 3500 ; F: +61 8 6141 3599