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22 January 2024
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.
Kok Cheng
Dear Johnny Teo, you wrote:
Will the scale of the Marble Goby fish joint venture in Malaysia be the same as in Hainan?
Hi Johnny,
Happy New Year!
The investment amount will be smaller as we intend to take over an existing farm instead of building a new one. However, the planned output will be higher than our Hainan operation.
Best Regards,
Kok Cheng
Dear Shaun Lim, you wrote:
The government is allowing cats to be breed in HDB flats, will it benefit Qian Hu?
Hi Shaun,
Happy New Year!
This will benefit us as we expect more owners to keep cats as a hobby.
Best Regards,
Kok Cheng
Dear Katherine Chen, you wrote:
The government says plastic bag use at supermarkets has dropped by 80% but your plastic bag business is flat, it didn't drop at all. Are people buying more plastic bags instead of getting it from the supermarket?
Hi Katherine,
Happy New Year!
We have diversified from single use plastic bags to the supermarket since 2020. We are still supplying these plastic bags to the smaller neighborhood shops. Our focus now is the food and pharmaceutical sectors where plastic bags are used for hygiene purposes. We foresee the demand to remain stable.
Best Regards,
Kok Cheng
Dear Edwin Loh, you wrote:
Will you be bidding for the 2 sea-based fish farm plots in the Southern Waters by SFA?
Hi Edwin,
Happy New Year!
We will not be bidding for the 2 sea-based fish farm as it is not in our area of expertise which is land-based Aquaculture.
Best Regards,
Kok Cheng
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 Half Year 2024 results. In the meantime, do feel free to visit our corporate website: https://www.qianhu.com/ and our IR website: http://qianhu.listedcompany.com/ for more information.
Take care and I looks forward to our next online Q&A.
Kok Cheng
