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25 July 2016

Dear friends,

Thanks for your questions posted over the past week. I am happy to answer your questions online. I will repost the questions in blue italics followed by my comments in black.

Kenny the fish

Dear Goh Lian Teck, you wrote:

Dear Mr Yap,

Q1) In the 2015Q1 quarterly report, it is stated that Qian Hu has taken over Batu Pahat land from Kim Kang and is in process of disposing it. In quarterly reports from 2015Q2 to 2016Q2,it is stated that Qian Hu is in process of taking over the land. Is the information in 2015Q1 report correct? If not, why? Why does it take more than 1 year to take over the land?

Q2) What is the current amount of trade receivables due from GZQH? How much of the amount is guaranteed by the major shareholder and director of the Company? If the trade receivables due from GZQH is more than the amount guaranteed, why? If the GZQH trade receivables are increasing instead of decreasing, why? Why these amounts are not in the 2016Q2 quarterly report? Can these amounts be included in 2016Q3 report onwards.

Hi Lian Teck,

Q1) The ownership of land in Malaysia by a foreign company requires more steps and procedures hence the longer time for completion. We expect completion soon.

Q2) The entire trade receivables from GZQH are guaranteed. The legacy receivable amount is being reduced every year. However, we are still doing business with GZQH, hence the total trade receivable amount fluctuates. We are trying to do more to reduce the total trade receivable amount and contain the fluctuation.

Thank you!

Kenny the fish

Dear Joshua Low, you wrote:

Did the movie "Finding Dory" have an effect on the sales of blue tang fish?

Hi Joshua,

It is our hope that this movie can help increase the sales of our marine tanks.

Thank you!

Kenny the fish

Dear Colin Phua, you wrote:

I've noticed your online store on Qoo10 which only ships to Singapore. Why don't you open your own online store or sell thru amazon to ship globally?

Hi Colin,

We are preparing to do something online in China this year.

Thank you!

Kenny the fish

Dear Tony Lim, you wrote:

Your revenue barely covers your general & administrative expenses. Do you have any plans to cut operating cost to boost profits?

Hi Tony,

We are aggressively containing our cost. However, we need to invest in our people, research & development and pilot projects for new businesses for the future. These initiatives incur cost up front.

Thank you!

Kenny the fish

Thanks again to all the investors who have posted their questions here. I hope I have answered them to your satisfaction. The next chance for us to correspond again will be the time when we announce our Full Year 2016 results. In the meantime, do feel free to visit our corporate website: http://www.qianhu.com/ and our IR website: http://qianhu.listedcompany.com/ for more information.

Take care and I look forward to our next online Q&A.

Kenny the fish