The Board of Directors of Qian Hu Corporation Limited ("the Company") wishes to inform that, neither the Company nor the Directors of the Company are aware of any reason for the sharp increase in trading volume of the Company's shares on the Exchange recently apart from the various announcements made on 29 April 2002 concerning the increase in first quarter profit, the placement of 10 million new shares and the setting up of a joint venture in Taiwan to distribute pet food and accessories.