News

Proposed First And Final Dividend For Financial Year Ended 31 December 2003 -- Change Of Corporate Tax Rate

Qian Hu Corporation Limited had on 12 January 2004 announced a proposed first and final dividend of 0.6 cents per ordinary share less tax in respect of the financial year ended 31 December 2003 for the approval by shareholders at the forthcoming Annual General Meeting to be held on 10 March 2004 ("AGM").

Referring to the Budget Announcement made on 27 February 2004, the corporate tax rate was reduced from 22% to 20%. Accordingly, the Board of Directors wishes to announce that the income tax rate for the proposed first and final dividend of 0.6 cents per ordinary share will be changed to 20%.

Subject to the approval of the shareholders at the AGM, the proposed first and final dividend will be paid on 2 April 2004.