For personal use only

ASX ANNOUNCEMENT 28 January 2022

Appendix 4C and Quarterly Activities Report

The Board of Directors of TTA Holdings Limited (ASX: TTA or "Company") releases its cash flow report (Appendix 4C) for the quarter ending 31 December 2021 ("the quarter") and provides an update on activities during the quarter.

QUARTERLY ACTIVITIES REPORT

Principal Activities

The principal activity of the Company during the quarter was the distribution of TEAC branded audio and visual consumer electronics products in Australia. There have been no significant changes in the principal activities of the Company during the quarter.

Key areas of activity during the quarter

For the December 2021 quarter, the Company achieved $726k positive cash flow from operations (September 2021 quarter: $190k). The group has a year-to-date positive cash flow from the operation of $147k.

The Company's wholly-own operating subsidiary, TEAC Australia Pty Ltd, continued to receive orders from its consumer electronics retailers and online channels. The TEAC TV range continues to generate interest and sales in the market. Audio products are generating awareness among the youth, generations Y and Z market segments.

Summary of revenue and expenditure incurred

Sales revenue for the quarter was $1,275m (September quarter: $1,481m).

Cash of $630k used for operations this quarter was 14% lower compared to the previous quarter. There were no new model products purchased for both September and December quarters. The orders for new model products will be finalized within the fourth quarter ending March 2022.

The cash generated from debtors was $1,306k for the December quarter (the September quarter: $891k). The cash balance as of 31 December was $1,760k (September quarter: $1,040k). The increase in cash balance was the result of the 46.6% increase in collections and 14% decrease in cash payments.

TTA HOLDINGS LIMITED A.B.N.18 110 475 799 14 Quinn Drive, Keilor Park VIC 3042 Tel: +61 03 9280 2333

For personal use only

The Company also received $20k, a government grant subsidy provided to Companies affected by Covid-19.

Related party payments made during the quarter

The payments to, or to an associate of, a related party of the Company during the quarter was $38k which consists of restructuring fees and Director fees.

- END -

The release of this announcement was authorised by the Board of Directors of the Company.

About TTA HOLDINGS LIMITED

TTA HOLDINGS LIMITED (ASX: TTA) is a company incorporated and domiciled in Australia. The operating subsidiary of the Company is TEAC Australia Pty Ltd (TEAC), which has operated since 1978. The main activity is wholesale of Consumer Electronic products.

TEAC lifestyle Digital Audio products targeting the younger, youth and millennial market segment are gaining positive reviews in the target market segment. TEAC innovative premium TEAC QLED 4k UHD Smart television produced stunning picture quality and vibrant color and are well received in the market. Despite the supply chain disruptions, TEAC will continue to focus on bringing into Australia more innovative TV and AV products.

For further enquiries please contact: Clive Chia Yang Hong - Director cclive@teac.com.au

TTA HOLDINGS LIMITED A.B.N.18 110 475 799 14 Quinn Drive, Keilor Park VIC 3042 Tel: +61 03 9280 2333

Rule 4.7B

Appendix 4C

For personal use only

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

TTA HOLDINGS LIMITED

ABN

Quarter ended ("current quarter")

18 110 475 799

31 December 2021

Consolidated statement of cash flows

Current quarter

Year to date

$A '000

(9 months)

$A '000

1.

Cash flows from operating activities

1.1

Receipts from customers

1,306

3,140

1.2

Payments for

(a)

research and development

-

-

(b) product manufacturing and operating

(159)

(1,751)

costs

(c)

advertising and marketing

(13)

(28)

(d)

leased assets

(23)

(59)

(e)

staff costs

(182)

(643)

(f)

administration and corporate costs

(252)

(613)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

30

87

1.5

Interest and other costs of finance paid

(1)

(6)

1.6

Income taxes paid

-

-

1.7

Government grants and tax incentives

20

20

1.8

Other (provide details if material)

-

-

1.9

Net cash from / (used in) operating

726

147

activities

2.

Cash flows from investing activities

2.1

Payments to acquire:

(a)

entities

-

-

(b)

businesses

-

-

(c)

property, plant and equipment

-

-

(d)

investments

-

-

(e)

intellectual property

-

-

TTA HOLDINGS LIMITED A.B.N.18 110 475 799 14 Quinn Dr, Keilor Park VIC 3042 Tel: +61 03 9280 2333

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

For personal use only

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(9 months)

$A'000

(f)

other non-current assets

-

-

2.2

Proceeds from disposal of:

(a)

entities

-

-

(b)

businesses

-

-

(c)

property, plant and equipment

-

-

(d)

investments

-

-

(e)

intellectual property

-

-

(f)

other non-current assets

-

-

2.3

Cash flows from loans to other entities

-

-

2.4

Dividends received (see note 3)

-

-

2.5

Other (provide details if material)

-

-

2.6

Net cash from / (used in) investing

-

-

activities

3.

Cash flows from financing activities

3.1

Proceeds from issues of equity securities

-

-

(excluding convertible debt securities)

3.2

Proceeds from issue of convertible debt

-

-

securities

3.3

Proceeds from exercise of options

-

-

3.4

Transaction costs related to issues of

-

-

equity securities or convertible debt

securities

3.5

Proceeds from borrowings

-

-

3.6

Repayment of borrowings

-

-

3.7

Transaction costs related to loans and

(6)

(23)

borrowings

-

-

3.8

Dividends paid

-

-

3.9

Other (provide details if material)

-

-

3.10

Net cash from / (used in) financing

(6)

(23)

activities

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1

Cash and cash equivalents at beginning of

1,040

1,636

period

4.2

Net cash from / (used in) operating

726

147

activities (item 1.9 above)

TTA HOLDINGS LIMITED A.B.N.18 110 475 799

Page 2

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

For personal use only

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(9 months)

$A'000

4.3

Net cash from / (used in) investing activities

-

-

(item 2.6 above)

4.4

Net cash from / (used in) financing activities

(6)

(23)

(item 3.10 above)

4.5

Effect of movement in exchange rates on

-

-

cash held

4.6

Cash and cash equivalents at end of

1,760

1,760

period

5.

Reconciliation of cash and cash

Current quarter

Previous quarter

equivalents

$A'000

$A'000

at the end of the quarter (as shown in the

consolidated statement of cash flows) to the

related items in the accounts

5.1

Bank balances

1,760

1,039

5.2

Call deposits

-

-

5.3

Bank overdrafts

-

-

5.4

Other (petty cash)

-

1

5.5

Cash and cash equivalents at end of

1,760

1,040

quarter (should equal item 4.6 above)

6.

Payments to related parties of the entity and their

Current quarter

associates

$A'000

6.1

Aggregate amount of payments to related parties and their

38

associates included in item 1

6.2

Aggregate amount of payments to related parties and their

-

associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments

TTA HOLDINGS LIMITED A.B.N.18 110 475 799

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TTA Holdings Limited published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 23:25:07 UTC.