News

Announcement of Appointment of Director

Appointment of Director

The Board of Directors of Qian Hu Corporation Limited ("the Company") wishes to announce the appointment of Mr Tan Tow Ee as a director of the Company with effect from 1 May 2002.

Resignation of Appointment of Audit Committee Members

Mr Yap Kim Lee Kenny has, with effect from 1 May 2002, resigned as Audit Committee Member of the Company.

Mr Tan Tow Ee, a Non-Executive Director has, with effect from 1 May 2002, been appointed as Audit Committee Member of the Company.

The Board considers Mr Tan to be an independent director.

Subsequent to the above changes, the members of the Audit Committee will comprise the following members who are independent non-executive directors: -

Mr Robson Lee Teck Leng (Chairman)
Mr Chang Weng Leong
Mr Tan Tow Ee

The above changes are in line with a key recommendation of the Code of Corporate Governance requiring all members of an Audit Committee to be non-executive directors.


By Order of The Board


Lai Chin Yee
Company Secretary
30 April 2002