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23 July 2018

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 Jimmy Tan, you wrote:

Why don’t you relocate your Plastic business to Batu Pahat, Malaysia to reduce operational cost?

Hi Jimmy,

For low value added plastic products, we source them from our partner factories in Malaysia. Our Singapore factory produces higher value added and customised plastic products for the food and electronic industries, the proximity allows for speedy delivery and efficiency.

Kenny the fish

Dear Edwin Teo, you wrote:

What other seafood are you planning to breed beside grouper and shrimps?

Hi Edwin,

We are farming shrimps and many varieties of groupers in 2 farms. We are also doing import and export of seafood like sand goby commonly known as soon hock, lobsters, etc. Our plates are full now so we will stick to the 2 farms for now.

Kenny the fish

Dear Francis Liu, you wrote:

What is the revenue for the edible fish business in 2Q18? It would be helpful if you separate this new line of business from your ornamental fish business in your financial reports.

Hi Francis,

We intend to report the fish farming business separately in our financial reports starting from the the 2018 full year financial results.

Kenny the fish

Dear William Shee, you wrote:

Will Qian Hu pay a final dividend this year? What is your dividend policy going forward?

Hi William,

We try to pay dividend when possible as some of our investors are retirees who need recurring dividend as a stable source of income. We have been paying dividend since listing in 2000 except for 2017 as we needed funding for the edible fish business. We will pay annual dividend when possible going forward.

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 2018 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