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 Robert Ng, you wrote:

Hi Robert,

Thank you for your question.

At this point, we have not observed any direct or significant benefits from the Hainan Free Trade Port since it became operational on 18 December 2025. However, we will continue to monitor developments closely and remain ready to tap on relevant opportunities as they arise.

One potential benefit is the facilitation of imports into Hainan, which may create new trade and distribution opportunities over time.

Thank you for your continued support.

Best Regards,

Kok Cheng

Dear Sally Teo, you wrote:

Hi Sally,

Thank you for your question.

The keyman insurance policy was purchased in accordance with a condition imposed by the bank when granting the loan used to finance the purchase of the property in Malaysia. The insurance policy serves as additional collateral for the loan, alongside the property itself, and is intended to mitigate the bank’s credit risk.

This arrangement is a standard banking requirement for such financing and does not represent a discretionary benefit to the key management personnel. The details of this were disclosed on page 17 of the FY2025 financial announcement for transparency.

Thank you for your interest in Qian Hu.

Best regards,

Kok Cheng

Dear Pauline Ong, you wrote:

Hi Pauline,

Thank you for your question.

Qian Hu’s acquisition of AquaEasy in December 2025 is aligned with our strategic objective to strengthen our presence in the aquaculture sector through the adoption of advanced AI and IoT technologies. By integrating AquaEasy’s solutions into aquaculture operations, particularly shrimp farming, we aim to enhance productivity, improve predictability in farming outcomes, and promote more sustainable farming practices.

This acquisition also builds on our earlier investment in AquaEasy via an unsecured convertible loan agreement signed in December 2021. Over the past three to four years, we have actively supported the business by helping to develop its customer pipeline and facilitating the implementation of its solutions across different farming environments and markets.

With full ownership, we gain greater flexibility and control over execution. This enables us to accelerate innovation, scale adoption across the region, and deliver stronger value to our customers and stakeholders. Overall, the acquisition represents an important milestone in Qian Hu’s journey to transform aquaculture through technology-driven solutions.

Thank you for your continued support.

Best Regards,

Kok Cheng

Dear Gerald Tan, you wrote:

Hi Gerald,

Thank you for your question and for tuning in to 95.8FM.

Globally, the pet market (including dogs, cats and ornamental fish) is expected to grow at around 6% CAGR over the next 10 years. What I specifically highlighted during the radio interview was that Singapore’s ornamental fish export segment has been declining in recent years.

That said, Qian Hu’s live fish segment continues to record growth, supported by our regional export network and distribution centres across Singapore, Malaysia, Indonesia, Thailand, and China. This diversified footprint allows us to stay resilient and capture growth opportunities beyond Singapore.

At the same time, we are actively adapting to the broader shift in the pet industry by growing our pet-related business. We have collaborated with N&E Innovations to develop a new series of pet hygiene products using upcycled cashew nuts. This aligns strongly with our vision of addressing pet owners’ concerns around safety and environmental sustainability. The product range also carries strong unique selling points, and we believe it will be well received by pet owners worldwide.

Thank you once again, and I appreciate your support for Qian Hu!

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 2026 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.

Kok Cheng