Service

NEW ZEALAND OPERATIONS (New Y Trading Limited)

QEX, through its wholly owned subsidiary New Y Trading Limited (New Y Trading), undertakes the following business operations in New Zealand:

• Export of health supplement parcels: We operate a daily collection service in Auckland from health supplement and souvenir stores, and online shopping warehouses. We also collect parcels three times a week from Hamilton, and have strategic partnerships to provide picked up services in Palmerstone North, Wellington, Christchurch and Queenstown. As the parcels are received, they are aggregated and flown daily to China, cleared through customs and delivered to the end user.

• Warehousing and repacking: We operate a RMP (Risk Management Programme) certified warehouse based in Auckland . We manage the inventory but ownership of the product stays with the customer.

• Supply chain services: We supply bulk milk powder, baby food and infant formula to our customers. Through bulk buying from manufacturers, we can pass cost savings through to customers as well as helping with cash flow requirements by enabling customers to take orders but have QEX source, package, label and deliver the product to the end user in China.

New Y Trading provides full traceability of parcels from New Zealand to consumers in China. It is a door-to-door service. For more information about tracking your parcels please click here.

CHINA OPERATIONS (Shanghai Ditu International Freight Forwarder Co., Limited)

QEX, through its wholly owned subsidiary Shanghai Ditu International Freight Forwarder Co., Limited (Ditu), undertakes the following business operations in China:

• Customs clearance services: Based in Shanghai, Ditu provides clearance services for cross border parcels into China. It also has contracts with customs in Guangzhou, Chongqing, Chengdu, Tianjin, Kunming, Changsha, Ningbo and Xiamen.

• Manifest preparation and clearance: Due to global time differences and to enable efficient customs clearance, Ditu prepares manifests for clients from data supplied by its customers. All manifests are prepared before the arrival of the product.

• Customer service: Ditu provides 24/7 customer service to its clients. This includes parcel tracking, local delivery logistics, customs interface for examined parcels and contact receivers for delivery errors.

• Inventory management: Ditu operates a bonded warehouse in the Shanghai Free Trade Zone (FTZ). Overseas customers send their products by sea or air to the warehouse and as orders are received, they are packaged at the warehouse, cleared through customs and delivered to the purchaser.

• Export Service: Work is currently underway with Shanghai Customs to provide services to export small parcels from China to New Zealand and Australia.

AUSTRALIAN OPERATIONS (New Y Trading (AUS) PTY Limited)

QEX formed its Australian subsidiary in October 2017 and is planning to have an operations team in place in Melbourne in 2018. The initial focus in Australia will be on its cross border logistics services, specifically targeting dairy products and health supplements.