Qian Hu Corporation Limited had on 15 January 2007 announced a proposed first and final dividend of 0.6 cents per ordinary share less tax in respect of the financial year ended 31 December 2006 for approval by shareholders at the forthcoming Annual General Meeting to be held on 19 March 2007 ("AGM").
Referring to the Budget Announcement made on 15 February 2007, the corporate tax rate was reduced from 20% to 18%. Accordingly, the Board of Directors wishes to announce that the income tax rate for the proposed first and final dividend of 0.6 cents per ordinary share will be subject to a corporate tax rate of 18%.
Subject to the approval of the shareholders at the AGM, the proposed first and final dividend will be paid on 11 April 2007.