QIAN HU CORPORATION LIMITED

The Company was incorporated on 12 December 1998 in Singapore under the name of Qian Hu Fish Farm Pte Ltd. On 13 October 2000, it was converted into a public company and assumed its present name of Qian Hu Corporation Limited. The Company is primarily engaged in the import and export, farming and distribution of ornamental fish, as well as the distribution of aquarium and pet accessories. In addition, it started breeding of Dragon Fish for commercial sale in the second half of 2000. The Company provides a "one-stop" shop for local and international customers, with products ranging from or namental fish to a wide range of aquarium and pet accessories. The Group exports directly to more than 45 countries, and its primary markets are Singapore, South-east Asia, North Asia and Europe. It is one of the largest exporters of ornamental fish in Singapore. The Group's facilities in Singapore is a collection of 19 structures located within the Sungei Tengah Agrotechnology Park in Choa Chu Kang. To date, more than $6 million have been invested to develop the fish farm. Some of the facilities include a temperature-controlled packing house, computerised system for trading records, a laboratory for diagnostic purposes and water quality analysis. The Group also has subsidiaries in Malaysia, Thailand and China.