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1 For personal use only ABN Annual Report

2 Contents Corporate Information... 1 Directors Report... 2 Auditor s Independence Declaration... 8 Independent Auditor s Report... 9 Statement of Profit or Loss and Other Comprehensive Income Statement of Financial Position Statement of Changes in Equity Statement of Cash Flows Notes to the Financial Statements ASX Additional Information... 52

3 Corporate Information Directors Francis Gouten Non-Executive Director Andrew Worland Non-Executive Director Charly Duffy - Non-Executive Director Natalia Obolensky - Executive Director Company Secretary Charly Duffy Registered Office 7 Acacia Place Abbotsford VIC 3067 Postal Address 7 Acacia Place Abbotsford VIC 3067 Share Registry Automic Share Registry Suite 310, Level 3 50 Holt Street Surry Hills NSW 2010 Shareholder enquiries telephone numbers: Within Australia: Outside Australia: Website Auditors RSM Australia Partners 8 St Georges Terrace Perth WA 6000 Telephone: (08) Bankers Westpac Banking Corporation Level 9, 109 St Georges Terrace Perth WA 6000 Solicitors Coghlan & Co Level 27, 101 Collins Street Melbourne VIC 3000 Stock Exchange Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade Perth WA 6000 ASX Code PKA Country of Incorporation Australia

4 Directors Report The directors presents their report, together with the financial statements, on the consolidated entity (referred to hereafter as the consolidated entity ) consisting of (referred to hereafter as the Company or parent entity ) and the entities it controlled at the end of, or during, the year ended 30 June Directors The following persons were directors of during the financial year and up to the date of this report, unless stated otherwise. - Francis Goutenmacher (Non-Executive Chairman - appointed 3 December 2015) - Andrew Worland (Non-Executive Director) - Charly Duffy (Non-Executive Director appointed 3 December 2015) - Natalia Obolensky (Managing Director appointed 29 April 2016) - Joanne Ooi (Executive Director appointed 3 December 2015, resigned 2 September 2016) - Jeremy King (Non-Executive Chairman resigned 3 December 2015) - David Church (Non-Executive Director resigned 3 December 2015) Principal activities The consolidated entity is the premier discovery machine for the world s most creative designer fine jewellery and the industry s only international omni-channel retailer. Dividends The Directors did not pay any dividends during the financial year. The Directors do not recommend the payment of a dividend in respect of the financial year. Review of operations The Company operates a multi-brand, omni-channel fine jewellery retail business through both its international e-commerce site its Hong Kong and London boutiques and pop up and trunk shows around the world. Plukka is headquartered in Hong Kong, one of the leading fine jewellery trade and manufacturing centres in the world. On 4 December 2015, ( Plukka ) (formerly Continuation Investments Limited), the legal parent and legal acquirer, completed the acquisition of Treasure Castle Holdings Limited and its subsidiaries ( TCH ). The acquisition did not meet the definition of a business combination in accordance with AASB 3 Business Combinations. Instead the acquisition has been treated as a group recapitalisation, using the principles of reverse acquisition accounting in AASB 3 Business Combinations given the substance of the

5 Directors Report (continued) Review of operations (continued) transaction is that TCH has effectively been recapitalised. Accordingly, the consolidated financial statements have been prepared as if TCH had acquired Plukka, and not versa as represented by the legal position. The recapitalisation is measured at the fair value of the equity instruments that would have been given by TCH to have exactly the same percentage holding in the new structure at the date of the transaction. Accordingly, the statement of profit or loss and other comprehensive income reflects the twelve months of trading of TCH and the trading of Plukka, the parent company and legal acquirer, of TCH from 4 December As the activities of Plukka would not constitute a business based on the requirements of AASB 3, the transaction has been accounted for as a share based payment under AASB 2. The excess of the deemed consideration over the fair value of Plukka, as calculated in accordance with the reverse acquisition accounting principles and with AASB 2, is considered to be a payment for a group restructure and has been expensed. Concurrent with the acquisition of TCH, Plukka successfully raised 10M through a prospectus offering of 50M new ordinary shares issued at 0.20 per share and re-complied with the ASX listing rules. Plukka s results for the financial year ended 30 June 2016 have been heavily influenced by the one off accounting entries and transactions associated with the acquisition of TCH and re-compliance with the ASX listing rules. The successful capital raising provided the Company with the funding to substantially increase its staffing and marketing expenses from the December quarter 2015 to enact the business growth strategy outlined in the prospectus. The loss from ordinary activities attributable to members of 9,321,106 (2015: 1,561,462). Revenue from ordinary activities for the financial year was 1,879,951 (2015: 1,355,571) and gross profit was 756,267 (2015: 538,711). Gross margin percentage remained at 40% (2015: 40%). Revenue increased by 39% year on year driven by: Expanded geographic footprint with the opening of boutiques in Chater House, Hong Kong and in Burlington Arcade in London. These boutique openings, and associated PR and marketing efforts, have improved brand awareness and customer engagement in the key markets of Hong Kong and the UK. Plukka also opened a temporary boutique in NYC on Madison Avenue for March/April 2016 which reinforced its US sales and ensured continued engagement with US customers. Relaunched e-commerce platform which better represented the brand and improved the overall customer experience, leading to improved online metrics and strong US based sales. Increased marketing spending focused on a driving online traffic, attracting new customers and increasing awareness. A successful series of international pop-ups and trunks shows in Hong Kong, Taiwan, London, Miami and New York City. Strong online and offline sales in USD also contributed to revenue growth reported in AUD. Other income of 1,509,052 (2015: 29,852) includes a one off debt forgiveness of 1,473,663 owed by TCH to Value Train Investments Limited that was forgiven on completion of the acquisition of TCH by Plukka. Marketing and administration fees of 5,254,240 (2015: 2,122,260) includes a significant ramp up of staff and marketing activity in the second half of the financial year, post successful capital raising and re-compliance with ASX listing rules intended to prepare the business for accelerated growth. In response to slower than expected top-line growth, Plukka underwent a significant restructuring in June 2016 which has substantially reduced the marketing and administration fees expected for future financial years. Restructuring expenses of 464,931 for the opening of the Chater House boutique in Hong Kong, termination of the planned Peninsula Hotel boutique in Kowloon and employee and consultants termination cost associated with downsizing of the operating cost structure in Hong Kong. Relisting expenses totalling 2,771,474 (2015: nil) represent the excess of consideration paid by TCH (as the accounting acquirer) over the fair value of the net assets acquired from Plukka (previously Continuation Investments Limited).

6 Directors Report (continued) Review of operations (continued) Share based payments expense of 2,441,637 (2015: nil) includes 2,215,800 incurred as part of the issue of Plukka securities on the acquisition of TCH and further share based payments expenses to new employees subsequent to the acquisition. Other expenses of 631,963 (2015: nil) includes foreign exchange losses of 429,635 incurred as a result of the exposure to Great Britain Pounds, US dollars and Hong Kong dollars on sales and costs incurred. Foreign currency transactions are translated using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses result from the settlement of such transactions. While spending has increased with the scale up of the Plukka business globally, a rigorous cost cutting initiative launched in the June quarter of 2016 is expected to have a positive impact on profit or loss in future years. Significant changes in the state of affairs There were no significant changes in the state of affairs of the consolidated entity during the financial year. Matters subsequent to the end of the financial year No matter or circumstance has arisen since the end of the financial year which has significantly affected or may significantly affect the consolidated entity s operations, the results of those operations, or the consolidated entity s state of affairs in future years. Environmental Issues The Company's operations are not subject to any significant environmental regulations. To the extent that any environmental regulations may have an incidental impact on the Company's operations, the Directors of the Company are not aware of any breach by the Company of those regulations. Likely Developments and Expected Results of Operations Like the Company s competitors, the Company s activities are exposed to risks associated with the fine jewellery industry, however, on the assumption that demand within the fine jewellery industry continues to strengthen, the Directors believe that the Company s resources are sufficient to implement the current business strategy that would lead to sustained improvement in financial performance in future financial years. The Directors believe that disclosure of further information as to likely developments in the operations of the Company, and the likely results of those operations would, in their opinion, be speculative and/or prejudice the interests of the Company.

7 Information on Directors Director Name & Title Francis Gouten (appointed 3 December 2015) Non-executive chairman Experience Francis has over 35 years experience in the luxury goods business. He was formerly Marketing Manager Cartier International, CEO Cartier Asia and General Manager Cartier France during the 1970 s when Cartier developed from an unknown brand with just a few boutiques to the brand it is today. In 2000, Francis was appointed CEO of Richemont Asia Pacific where he worked closely with some prestigious names in the business including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Alfred Dunhill and Jaeger- LeCoultre. In 2006, he retired from Richemont and established Gouten Consulting, to help luxury brands with their marketing and strategic development in Asia-Pacic and luxury real estate developers to position their new development within Greater China. Francis is the former Chairman of the Luxury Steering Committee of the French Chamber of Commerce and Industry in Hong Kong. He is also an Independent Non-Executive Director at three Hong Kong listed public companies I.T. Limited, Natural Beauty Bio-Technology Limited and Louis XIII Holdings Limited. Direct Interest in Securities 1,500,000 Options exercisable at 20c on or before 1 December Vesting of the Options is conditional on Mr Gouten remaining as a Director and shall otherwise vest as follows: 500,000 Options vest on 1 December 2016; 500,000 Options vest on 1 December 2017; and 500,000 vest on 1 December Indirect Interest in Securities None Special responsibilities None Contractual rights to shares None Current Directorships I.T. Limited, Natural Beauty Bio-Technology Limited and Louis XIII Holding Limited. Former Directorships held in None the past three years

8 Directors Report (continued) Information on Directors (cont d) Director Name & Title - Andrew Worland (appointed 8 March 2012) Non-executive Director Qualifications - B.Com (UWA), Grad Diploma of Applied Corporate Governance Experience - Andrew has over 20 years experience in executive corporate and financial roles in ASX and TSX companies. His positions have Chief Financial Officer, Company Secretary, commercial, marketing and business development management for a number of mining companies including entities that grew from IPO through to significant operating companies. Direct Interest in Shares and Options Indirect Interest in Shares and Options Special responsibilities - None Contractual rights to shares - None Current Directorships - None Former Directorships held in past three years - 568,416 Ordinary Shares 875,000 Unlisted Options (exercisable at 20c on or before 1 December 2018) - 698,972 Ordinary Shares held by Badlands Super Pty Ltd < Thunder Road Super Fund A/C> - None Director Name & Title - Charly Duffy (appointed 3 December 2015) Non-executive Director and Company Secretarial Qualifications - LL.B Experience - Charly is a qualified and practicing corporate and commercial Special responsibilities - None Contractual rights to shares - None lawyer with over eight years of private practice experience in equity capital markets, mergers and acquisitions, corporate governance, initial public offerings, secondary capital raisings, business and share sale transactions, takeovers, financing, ASIC and ASX compliance and all aspects of general corporate and commercial law. She is also currently completing the Graduate Diploma in Applied Corporate Governance at the Governance Institute of Australia. Direct Interest in Shares and - None Options Indirect Interest in Shares - None and Options Current Directorships - Zyber Holdings Ltd Former Directorships held in past three years - None Charly is the director and principal of SecPlus Corporate & Legal Services, a company secretarial services business and is also a director of Coghlan, Duffy & Co, a boutique corporate and commercial law firm based in Melbourne.

9 Directors Report (continued) Information on Directors (continued) Director Name & Title - Natalia Obolensky (appointed 29 April 2016) Managing Director Qualifications - Insead MBA Experience - Natalia was appointed Managing Director of Plukka on 29 April 2016 following her appointment as Chief Operating Officer of Plukka in March Natalia has a strong history in business creation and growth markets having spent over five years with global management consultancy firm Bain & Co where she advised on corporate, finance, marketing, business development and organizational change for a number of multi-national clients. She was the founder and CEO of City Swish in London, an on demand beauty service business based in London that achieved 20% plus monthly growth over two years, and was sold to a competitor in early Direct Interest in Shares and Options Indirect Interest in Shares and Options Natalia has a MBA (INSEAD France) and a Bachelor degree in International Relations from Ivy League Brown University in Rhode Island. Special responsibilities - None Contractual rights to shares - None Current Directorships - None Former Directorships held in - None past three years - 1,081,458 Shares 11,823,434 Performance rights convertible into shares subject to the performance and time based milestones detailed in the ASX Announcement dated 3 March None Director Meetings The number of Directors meetings and number of meetings attended by each of the Directors of the Company during the period are: Number of Meetings Eligible to Attend Number of Meetings Held 12 Number of Meetings Directors attended Number of Meetings Attended Director Mr. Francis Gouten Mr. Andrew Worland Ms Charly Duffy Ms Joanne Ooi Ms Natalia Obolensky

10 Directors Report (continued) Retirement, election and continuation in office of Directors In accordance with the Constitution, one Director will retire at the annual general meeting and, being eligible, offer himself or herself for re election. Company Secretary Ms Charly Duffy. LLB. Ms Duffy has held the role of Company Secretary since 3 December Ms Sarah Smith resigned as Company Secretary on 3 December Details of the amounts paid to Ms Charly Duffy for company secretarial services provided during the financial year are outlined in note 23 to the financial statements. Shares Issued on the Exercise of Options No options were exercised during the financial year. Indemnity and insurance of Officers The Company has indemnified the directors and executives of the company for costs incurred, in their capacity as a director or executive, for which they may be held personally liable, except where there is a lack of good faith. During the financial year, the Company paid a premium in respect of a contract to insure the directors and executives of the company against a liability to the extent permitted by the Corporations Act The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium. As required under the Deeds of Indemnity, Insurance and Access between the Company and each of the former Directors who resigned on 3 December 2015, the Company also paid a premium of 42,350 for a 7year run-off Directors & Officers Insurance policy. Indemnity and insurance of auditor The Company has not, during or since the end of the financial year, indemnified or agreed to indemnify the auditor of the company or any related entity against a liability incurred by the auditor. During the financial year, the company has not paid a premium in respect of a contract to insure the auditor of the company or any related entity. Proceedings on behalf of the Company No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the company, or to intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or part of those proceedings. Non-audit services Details of the amounts paid or payable to the auditor for non-audit services provided during the financial year by the auditor are outlined in note 22 to the financial statements. The directors are satisfied that the provision of non-audit services during the financial year, by the auditor (or by another person or firm on the auditor's behalf), is compatible with the general standard of independence for auditors imposed by the Corporations Act The directors are of the opinion that the services as disclosed in note 22 to the financial statements do not compromise the external auditor's independence requirements of the Corporations Act 2001 for the following reasons: all non-audit services have been reviewed and approved to ensure that they do not impact the integrity and objectivity of the auditor; and

11 Directors Report (continued) none of the services undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants issued by the Accounting Professional and Ethical Standards Board, including reviewing or auditing the auditor's own work, acting in a management or decision-making capacity for the Company, acting as advocate for the company or jointly sharing economic risks and rewards. Officers of the company who are former partners of RSM Australia Partners. There are no officers of the company who are former partners of RSM Australia Partners. Corporate Governance Statement The Board of Directors of the Company are responsible for the corporate governance of the Company. The Board guides and monitors the business and affairs of the Company on behalf of the shareholders by whom they are elected and accountable. The Board continuously reviews its governance practices to ensure they remain consistent with the needs of the Company. The Company complies with each of the recommendations set out in the Australian Securities Exchange Corporate Governance Council s Corporate Governance Principles and Recommendations 3 rd Edition ( the ASX Principles ). The Corporate Governance Statement and the Appendix 4G Statement have been released to the ASX and can be found on the Company s website at Use of funds since re-admission to the ASX The Directors confirms that the Company has used the cash, and assets in a form readily convertible to cash, that it had at the time of re-admission to the ASX in a way consistent with its business objectives as set out in the Company s Prospectus dated 20 October Rounding off The Company is of a kind referred to in ASIC Corporations (Rounding in Financial/Directors Report) Instrument 2016/91 and in accordance with that class order, amounts in the financial statements have been rounded off to the nearest dollar. Auditor's independence declaration A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this directors' report.

12 Directors Report (continued) REMUNERATION REPORT (AUDITED) The remuneration report details the key management personnel remuneration arrangements for the consolidated entity, in accordance with the requirements of the Corporations Act 2001 and its Regulations. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including all directors. The remuneration report is set out under the following main headings: Principles used to determine the nature and amount of remuneration Details of remuneration Share-based compensation Service agreements Additional disclosures relating to key management personnel Additional information Principles used to determine the nature and amount of remuneration The objective of the consolidated entity's executive reward framework is to ensure reward for performance is competitive and appropriate for the results delivered. The framework aligns executive reward with the achievement of strategic objectives and the creation of value for shareholders, and it is considered to conform to the market best practice for the delivery of reward. The Board of Directors ('the Board') ensures that executive reward satisfies the following key criteria for good reward governance practices: competitiveness and reasonableness acceptability to shareholders performance linkage / alignment of executive compensation transparency The Board is responsible for determining and reviewing remuneration arrangements for its directors and executives. The performance of the consolidated entity depends on the quality of its directors and executives. The remuneration philosophy is to attract, motivate and retain high performance and high quality personnel. The Board has structured an executive remuneration framework that is market competitive and complementary to the reward strategy of the consolidated entity. The remuneration framework is designed to align executive reward to shareholders' interests. The Board have considered that it should seek to enhance shareholders' interests by: implementing coherent remuneration policies and practices to attract, motivate and retain executives and directors who will create value for shareholders and who are appropriately skilled and diverse; observing those remuneration policies and practices; fairly and responsibly rewards executives having regard to Group and individual performance, the performance of the executives and the general external pay environment; and integrating human capital and organisational issues into its overall business strategy. Additionally, the remuneration framework must refer to the following principles when developing recommendations to the Board regarding executive remuneration: motivating management to pursue the Group's long-term growth and success;

13 Directors Report (continued) Remuneration Report (audited) demonstrating a clear relationship between the Group's overall performance and the performance of individuals; and complying with all relevant legal and regulatory provisions. In accordance with best practice corporate governance, the structure of non-executive director and executive director remuneration is separate. Executive remuneration The consolidated entity aims to reward executives based on their position and responsibility, with a level and mix of remuneration which may have both fixed and variable components. In respect of executive remuneration, remuneration packages should include an appropriate balance of fixed and performance-based remuneration and may contain any or all of the following: Fixed remuneration Any fixed remuneration component should: o o o o be reasonable and fair; take into account the Group's legal and industrial obligations and labour market conditions; be relative to the scale of the Group's business; and reflect core performance requirements and expectations; Performance-based remuneration Any performance-based remuneration should: o o take into account individual and corporate performance; and be linked to clearly-specified performance targets, which should be: aligned to the Group's short and long-term performance objectives; and appropriate to its circumstances, goals and risk appetite; Equity-based remuneration Equity-based remuneration can include options or performance shares and is especially effective when linked to hurdles that are aligned to the Group's longer-term performance objectives. However, they should be designed so that they do not lead to 'short-termism' on the part of senior executives or the taking of undue risks. The Board is of the opinion that the adoption of performance-based compensation for executives is necessary to reward executives consistent with increases in shareholder returns. Termination payments Termination payments should be agreed in advance, and any agreement should clearly address what will happen in the case of early termination. There should be no payment for removal for misconduct.

14 Directors Report (continued) Remuneration Report (audited) Non-executive directors remuneration Fees and payments to non-executive directors reflect the demands and responsibilities of their role. Nonexecutive directors' fees and payments are reviewed annually by the Board. The Board may, from time to time, receive advice from independent remuneration consultants to ensure non-executive directors' fees and payments are appropriate and in line with the market. In respect of non-executive director remuneration, remuneration packages could contain cash fees, superannuation contributions and non-cash benefits in lieu of fees (such as salary sacrifice into superannuation or equity) and may contain any or all of the following: fixed remuneration this should reflect the time commitment and responsibilities of the role; performance-based remuneration non-executive directors should not receive performance-based remuneration as it may lead to bias in their decision-making and compromise their independence; equity-based remuneration non-executive directors can receive an initial allocation of fully-paid ordinary securities if shareholders have approved such an allocation in accordance with the ASX Listing Rules. However, non-executive directors generally should not receive performance shares as part of their remuneration as it may lead to bias in their decision-making and compromise their independence; and termination payments non-executive directors should not be provided with retirement benefits other than superannuation. ASX Listing Rules require the aggregate non-executive directors' remuneration be determined periodically by a general meeting. The maximum aggregate remuneration payable to non-executive directors currently stands at 500,000 per annum. Details of remuneration During the financial year ending 30 June 2016, the Directors and key management personnel of the consolidated entity consisted of the following: Francis Gouten Non-Executive Director (appointed 3 December 2015) Andrew Worland Non-Executive Director Charly Duffy - Non-Executive Director (appointed 3 December 2015) Natalia Obolensky Managing Director (appointed 29 April 2016) Joanne Ooi - Executive Director (appointed 3 December 2015; resigned 2 September 2016) Jeremy King (resigned 3 December 2015) David Church (resigned 3 December 2015) Since the end of the reporting period, Joanne Ooi resigned on 2 September Amounts of remuneration Details of the remuneration of the Directors and key management personnel as at 30 June 2016 of the consolidated entity are set out in the following tables.

15 Directors Report (continued) Remuneration Report (audited) Details of remuneration Remuneration paid to Directors and key management personnel in relation to those roles: Key Management Personnel Cash salary & fees Cash bonus Longterm Nonmoneta ry nt benefits Superannu ation/ pension - Short-term benefits Postemployme benefits Long service leave Equity settled shares Share-based payments Total Equity settled - options Equity settled Performa nce Rights , , , Francis Gouten (Chairman, Non-Executive Director) Charly Duffy (Non-Executive Director) Andrew Worland (Non-Executive Director) Natalia Obolensky (Managing Director) 1 Joanne Ooi (Executive Director) Jeremy King (Non-Executive Director) David Church (Non-Executive Director) 14, , , ,280 14,160 5,000-25,000-1,330-1, , , , , , , , , , , ,000 Total 232,060 14,160-5, , ,086 1,321,287 Remuneration of the Directors and key management personnel for the financial year ended 30 June 2016 totalled 1,321, Prior to her appointment as a Director, Natalia Obolensky was paid additional remuneration, including the issue of 12,904,892 Performance Rights, pursuant to her initial employment contract relating to her role as COO.

16 Directors Report (continued) Remuneration Report (audited) Details of remuneration (continued) Details of the remuneration of the Directors and the key management personnel of the company for the financial year ended 30 June 2015 are found below: Mr Jeremy King - nil Mr Andrew Worland - nil Mr David Church - nil Remuneration of the Directors and key management personnel for the financial year ended 30 June 2015 totalled Nil. The proportion of remuneration linked to performance and the fixed proportion are as follows: Fixed remuneration At risk - STI At risk LTI Name Non-Executive Directors: Francis Gouten 7% % - Charly Duffy 100% Andrew Worland 16% % - Jeremy King 2% % - David Church 12% % - Executive Directors: Joanne Ooi 89% - 11% Natalia Obolensky 12% % - Details of the remuneration of the key management personnel of the Company as at the date of this report are as follows: Name Mr. Francis Gouten Mr. Andrew Worland Ms Charly Duffy Ms Natalia Obolensky Details AUD24,000 per annum plus statutory superannuation AUD24,000 per annum plus statutory superannuation AUD24,000 per annum plus statutory superannuation USD180,000 per annum plus pension payments required under Hong Kong law Share-based compensation Shares No shares were issued to directors or other key management personnel as part of their remuneration as a Director or executive of the Company during the year ended 30 June Options The terms and conditions of each grant of options which are exercisable into ordinary shares in connection with the remuneration of directors and other key management personnel in this financial year or future reporting years are as follows:

17 Directors Report (continued) Remuneration Report (audited) Name Number of Options Exercise Price Expiry Period Francis Gouten 1,500, /12/18 Andrew Worland 875, /12/18 Charly Duffy Nil Nil Nil Natalia Obolensky Nil Nil Nil Joanne Ooi Nil Nil Nil Jeremy King 1,250, /12/18 David Church 875, /12/18 Options granted carry no dividend or voting rights. The number of options over ordinary shares granted to and vested by directors and other key management personnel as part of compensation during the year ended 30 June 2016 are set out below: Number of options granted during FY16 Number of options vested during FY16 Number of options granted during FY15 Number of options vested during FY15 Francis Gouten 1,500,000 Nil Nil Nil Joanne Ooi Nil Nil Nil Nil Natalia Obolensky Nil Nil Nil Nil David Church 875,000 Nil Nil Nil Jeremy King 1,250,000 Nil 1,250,000** Nil Andrew Worland 875,000 Nil 1,000,000** Nil Total 4,500,000 Nil 2,250,000 Nil ** These options were cancelled upon the Company being reinstated to quotation on ASX. Performance Rights The terms and conditions of each grant of Performance Rights which are convertible into ordinary shares for nil consideration on the achievement of the relevant Performance Milestone in connection with the remuneration of directors and other key management personnel in this financial year or future reporting years are as follows: Number of Performance Rights Grant date Vesting and conversion terms Expiry date of Vesting Period Fair Value at grant date 3,000,000 25/11/2015 Tranche 1 2 4/12/2017 Nil 3,000,000 25/11/2015 Tranche 2 3 4/12/2017 Nil 3,000,000 25/11/2015 Tranche 3 4 4/12/2018 Nil 2,138,714 3/3/2016 Tranche 1 4/12/2017 Nil 2,138,714 3/3/2016 Tranche 2 4/12/2017 Nil 2,138,714 3/3/2016 Tranche 3 4/12/2018 Nil 6,488,750 3/3/2016 Time Based 5 3/3/2019 1,103,088 2 Tranche 1 Performance Rights are convertible into shares upon the achievement of sales revenue which equals or exceeds AU2.5 million during any three month reporting period that ends on or prior to 4 December Tranche 2 Performance Rights are convertible into shares when the 20-day volume weighted average price of PKA shares on the ASX equals or exceeds AU0.50 at any time within two years prior to 4 December Tranche 3 Performance Rights are convertible into shares upon the achievement of consolidated EBIT by the Company during any three month reporting period that ends on or prior to 4 December 2018 that equals or exceeds A1.25 million. 5 Subject to Ms Obolensky being employed by, and not being in breach of any obligation owed to, the Company as at each vesting date, 540,729 Time Based Rights vest and are convertible into shares on the expiry of each three month anniversary of 14 January 2016 until all Time Based Rights issued to Ms Obolensky have been converted. Ms Obolensky must provide prior consent to the conversion of any Performance Rights.

18 Directors Report (continued) Remuneration Report (audited) Performance Rights granted carry no dividend or voting rights. The number of Performance Rights granted to and vested by directors and other key management personnel as part of compensation during the year ended 30 June 2016 are set out below: Number of Performance Rights granted during FY16 Number of Performance Rights vested during FY16 Number of Performance Rights granted during FY15 Number of Performance Rights vested during FY15 Joanne Ooi Nil 6 Nil Nil Nil Natalia Obolensky 12,904,892 7 Nil Nil Nil David Church Nil Nil Nil Nil Jeremy King Nil Nil Nil Nil Andrew Worland Nil Nil Nil Nil Francis Gouten Nil Nil Nil Nil Shareholdings of key management personnel The number of shares in the Company held during the financial year by each director and other members of key management personnel of the Company, including their personally related parties, is set out below: Name Balance at the start of the year Additions Disposals / Other Received as remuneration Balance as at the end of the year Francis Gouten Andrew 1,689,850 - (422,462)*** - 1,267,388 Worland Charly Duffy Joanne Ooi - 10,357, ,357,340 Natalia Obolensky Jeremy King 2,484,411 - (607,881)*** - 1,876,530** David 1,944,872 - (486,218)*** - 1,458,654** Church 6,119,133 10,357,340 (1,516,561) - 14,959,912 Total ** Shareholdings as at date of resignation as Director. Shareholdings reduced as a result of the share consolidation on 15 September *** Shareholdings reduced as a result of the share consolidation on 15 September Option holdings of key management personnel The number of unlisted options over ordinary shares in the Company held during the financial year by each director and other members of key management personnel of the Company, including their personally related parties, is set out below: 6 9,000,000 Performance Rights were granted to Joanne Ooi in her capacity as vendor of the Treasure Castle Holdings shares. 7 1,081,458 Performance Rights vested on 14 July 2016 and have since been converted into shares.

19 Directors Report (continued) Remuneration Report (audited) Name Balance at the start of the year Granted Exercised Expired/ other Balance at the end of the year Francis Gouten - 1,500, ,500,000 Andrew 1,000, ,000 - (1,000,000) 875,000 Worland (cancelled) Charly Duffy Joanne Ooi Natalia Obolensky Jeremy King 1,250,000 1,250,000 - (1,250,000) 1,250,000 (cancelled) David Church - 875, ,000 2,250,000 4,500,000 - (2,250,000) 4,500,000 Total Performance Rights granted to key management personnel The performance rights in the Company held each director and other members of key management personnel of the Company during the Reporting Period is set out below: Name Balance at the start of the year Granted Exercised Expired/ other Balance at the end of the year Francis Gouten Andrew Worland Charly Duffy Joanne Ooi - 9,000, ,000,000 Natalia - 12,904, ,904,892 Obolensky Jeremy King David Church Total - 21,904, ,904,892 8 Options vest in three tranches of 500,000 options on each anniversary of the Company s reinstatement to quotation on ASX (ie 4 December 2015). 9 Performance Rights granted in consideration for the acquisition by the Company of shares held in Treasure Castle Holdings Ltd, not as remuneration for services.

20 Directors Report (continued) Remuneration Report (audited) Service agreements Remuneration and other terms of employment for key management personnel are formalised in service agreements. Details of these agreements are as follows: Name: Title: Commencement Date: Term of agreement: Details: Natalia Obolensky Chief Executive Officer 29 April 2016 Two years unless terminated earlier Remuneration: US15,000 per month (plus minimum contributions to Mandatory Provident Fund Scheme in accordance with HK regulations) Bonus: Subject to the completion of one years service (which commenced on 3 March 2016 as COO), an amount equal to one months salary will be paid on Chinese New Year each year. Termination: reciprocal 3 months notice or immediate termination for cause Annual leave: Ms Obolensky is entitled to 25 days of annual leave per year in addition to Hong Kong public holidays. Performance Rights: the provisions of Ms Obolensky s prior services agreement relating to the Performance Rights issued to her on 3 March 2016 survive termination of that agreement. No additional Performance Rights are to be issued under the new Executive Services Agreement. Redundancy: in the event of redundancy, Ms Obolensky will be entitled to the conversion of such Time Based Rights as prorated to the end of the month in which Ms Obolensky is notified of her redundancy. The Executive Services Agreement provides for other customary provisions regarding intellectual property, confidentiality and non-compete entitlements. The Executive Services Agreement is governed by the laws of Victoria, Australia. Key management personnel have no entitlement to termination payments in the event of removal for misconduct. Additional Disclosures relating to with key management personnel and their related parties From 4 December 2015, the Company engaged SecPlus Corporate and Legal Services ( SecPlus ), a company associated with Charly Duffy, to provide ongoing company secretarial services to the Company under a monthly retainer of 4,000 (plus GST) (2015: nil in total). Under the terms of the retainer with SecPlus, the Company is availed to a discounted hourly rate for legal services provided by SecPlus and Coghlan & Co (both companies associated with Charly Duffy). During the Reporting Period SecPlus and and Coghlan & Co (both entities related to Ms Duffy) were paid fees totalling 2,490 excluding GST (2015: nil in total) for legal services associated with specific mandated work. These transactions were entered into on arms length commercial terms and conditions which are no less favourable than those available to other parties. Remuneration consultants No remuneration consultants were used by the Company during the year.

21 Directors Report (continued) Remuneration Report (audited) Shares under Option Unissued ordinary shares of PKA under option at the date of this report are as follows: Date Granted Expiry Date Exercise Price Options Number of Shares to be issued on exercise/ conversion 25 November December ,000,000 Escrowed to 4 December January January ,000 N/A Total Options 11,540,000 Tranche 1 Performance Rights November December 2017 Nil 7,000,000 Escrowed to 4 December March December 2017 Nil 2,138, July December 2017 Nil 500,998 Tranche 2 Performance Rights November December 2017 Nil 6,267,500 Escrowed to 4 December March December 2017 Nil 2,138, July December 2017 Nil 500,998 Tranche 3 Performance Rights November December 2018 Nil 6,267,500 Escrowed to 4 December March December 2018 Nil 2,138, July December 2018 Nil 500,998 Time Based Rights 13 3 March March 2019 Nil 5,407, July June 2019 Nil 1,503,000 Total Performance Rights 34,364,428 Total Options + Performance Rights 45,904, Tranche 1 Performance Rights are convertible into shares upon the achievement of sales revenue which equals or exceeds AU2.5 million during any three month reporting period that ends on or prior to 4 December Tranche 2 Performance Rights are convertible into shares when the 20-day volume weighted average price of PKA shares on the ASX equals or exceeds AU0.50 at any time within two years prior to 4 December Tranche 3 Performance Rights are convertible into shares upon the achievement of consolidated EBIT by the Company during any three month reporting period that ends on or prior to 4 December 2018 that equals or exceeds A1.25 million. 13 Time Based Performance Rights which will convert into shares subject to the achievement of continuous service conditions over a three year period from the date of employment of the relevant holder.

22 Directors Report (continued) Remuneration Report (audited) Additional Information The earnings of the consolidated entity for last two years to 30 June 2016 are summarised below: Sales revenue 1,879,951 1,355,571 EBITDA (9,233,319) (1,513,400) EBIT (9,298,926) (1,553,697) Loss after income tax (9,321,106) (1,561,462) The factors that are considered to affect total shareholders return ('TSR') are summarised below: Share price at financial year end () Total dividends declared (cents per share) - - Basic earnings per share (cents per share) (0.10) (0.10) No audited information exists prior to the 2015 financial year due to the changes in the controlled entities as a result of the reverse acquisition that occurred in the 2016 financial year. End of Remuneration Report This report of Directors, incorporating the Remuneration Report, is signed in accordance with a resolution of Directors. Francis Gouten Non-executive Chairman Dated: 30 September 2016

23 RSM Aust ralia Part ners 8 St Georges Terrace Perth WA 6000 GPO Box R1253 Perth WA 6844 T +61 (0) F +61 (0) AUDITOR S INDEPENDENCE DECLARATION As lead auditor for the audit of the financial report of for the year ended 30 June 2016, I declare that, to the best of my knowledge and belief, there have been no contraventions of: (i) (ii) the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and any applicable code of professional conduct in relation to the audit. RSM AUSTRALIA PARTNERS Perth, WA Dated: 30 September 2016 TUTU PHONG Partner THE POWER OF BEING UNDERSTOOD AUDIT TAX CONSULTING RSM Aust ralia Partners is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in it s own right. The RSM net work is not itself a separat e legal entit y in an y jurisdiction. RSM Aust ralia Partners ABN Liability limited by a scheme approved under Professional Standards Legislation

24 RSM Aust ralia Part ners 8 St Georges Terrace Perth WA 6000 GPO Box R1253 Perth WA 6844 T +61 (0) F +61 (0) INDEPENDENT AUDITOR S REPORT TO THE MEMBERS OF PLUKKA LIMITED Report on the Financial Report We have audited the accompanying financial report of, which comprises the statement of financial position as at 30 June 2016, the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors' declaration of the consolidated entity comprising the company and the entities it controlled at the year s end or from time to time during the financial year. Directors Responsibility for the Financial Report The directors of the company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error. In Note 1(a)(i), the directors also state, in accordance with Accounting Standard AASB 101 Presentation of Financial Statements, that the financial statements comply with International Financial Reporting Standards. Auditor s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. THE POWER OF BEING UNDERSTOOD AUDIT TAX CONSULTING RSM Aust ralia Partners is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in it s own right. The RSM net work is not itself a separat e legal entit y in an y jurisdiction. RSM Aust ralia Part ners ABN Liability limited by a scheme approved under Professional Standards Legislation

25 Independence In conducting our audit, we have complied with the independence requirements of the Corporations Act We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of, would be in the same terms if given to the directors as at the time of this auditor's report. Opinion In our opinion: (a) the financial report of is in accordance with the Corporations Act 2001, including: (i) giving a true and fair view of the consolidated entity s financial position as at 30 June 2016 and of its performance for the year ended on that date; and (ii) complying with Australian Accounting Standards and the Corporations Regulations 2001; and (b) the financial report also complies with International Financial Reporting Standards as disclosed in Note 1(a)(i). Report on the Remuneration Report We have audited the Remuneration Report included within the directors report for the year ended 30 June The directors of the company are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards. Opinion In our opinion, the Remuneration Report of for the year ended 30 June 2016 complies with section 300A of the Corporations Act RSM AUSTRALIA PARTNERS Perth, WA Dated: 30 September 2016 TUTU PHONG Partner