The Board of Directors of Qian Hu Corporation Limited ("the Company") wishes to announce, pursuant to Clause 903(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited, that all the resolutions as set out in the Notice of Meeting dated 30 April 2001 and put to the Meeting as ordinary business and special business were passed by the shareholders of the Company at the Second Annual General Meeting held on 16 May 2001.