Tian An Australia : Appendix 4E and 2021 Financial Report

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PRELIMINARY FINAL REPORT

APPENDIX 4E

REPORTING PERIODS

No dividends were declared during the year ended 31 December 2021 or the previous corresponding period.

NET TANGIBLE ASSETS PER ORDINARY SHARE (NTA backing)

TIA recorded statutory profit of $1.1 million against $24.3 million loss in the prior comparative period. TIA reported an underlying loss of $4.9 million, compared with a loss of $3.1 million in the prior comparative period.

TIA generated $1.0 million revenue (2020: $Nil).

TIA's net asset balance at 31 December 2021 is $82.4 million, up from $81.3 million in the prior comparative period.

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2021 has seen an improvement in sentiment in the residential property market. TIA recorded profit for the period largely due to the realisation of its Cascade Gardens, Pymble project, which has almost sold out. During the year, TIA obtained commenced presales for The Henley, Enfield and Auburn Square, Auburn sites. Construction has begun in Auburn Square. A new joint venture with The Peninsula Gold Coast Development Pty Ltd was entered into to develop 85 dwellings on the Gold Coast. Management will continue to focus on gaining the necessary approvals for its Point Grey project. TIA will continue to seek residential developments that meet its investment strategy and criteria.

As in the previous reporting period, the Directors continue to regard non-recognition of TIA's deferred tax asset balance as a prudent accounting approach.

No dividend was declared for the current reporting period.

Additional Appendix 4E disclosure requirements can be found in the notes to these financial statements and the Directors report attached thereto.

The report is based on the consolidated financial statements which have been audited by BDO Audit Pty Ltd.

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TIAN AN AUSTRALIA LIMITED

ABN 12 009 134 114

AND ITS CONTROLLED ENTITIES

FINANCIAL REPORT

FOR THE YEAR ENDED

31 DECEMBER 2021

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TIAN AN AUSTRALIA LIMITED AND ITS CONTROLLED ENTITIES

Corporate directory

ABN 12 009 134 114

DIRECTORS

Peter Brown

Arthur Dew

Cerena Fu

Marcus Seow

Peter Curry

COMPANY SECRETARY

Hai-Young Lu

ALTERNATE DIRECTOR

Mark Wong (to Arthur Dew)

REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS

Level 6

99 Macquarie Street

Sydney NSW 2000

Website:www.tianan.com.au

Email:admin@tianan.com.au

SHARE REGISTRY

Computershare Registry Services Pty Ltd

Level 4

60 Carrington Street

Sydney NSW 2000

GPO Box 2975

Melbourne VIC 3001

Telephone: 1300 850 505

For personal use only

TIAN AN AUSTRALIA LIMITED AND ITS CONTROLLED ENTITIES

Corporate directory

SOLICITOR

Piper Alderman

Level 23, Governor Macquarie Tower

1 Farrer Place

Sydney NSW 2000

AUDITOR

BDO Audit Pty Ltd

Level 11

1 Margaret Street

Sydney NSW 2000

BANKERS

St. George Bank

Level 1

167 St Georges Terrace

Perth WA 6000

National Australia Bank

292 Pitt Street

Sydney NSW 2000

ASX LISTING

Tian An Australia Limited's shares are listed on ASX (ASX code: TIA)

CORPORATE GOVERNANCE STATEMENT

Refer to the governance page of Tian An Australia Limited's website.