QAF LIMITED

(Company Registration No. 195800035D)

ANNOUNCEMENT OF APPOINTMENT OF NON-EXECUTIVE DIRECTOR *

Name of Announcer * Company Registration No. Announcement submitted on behalf of Announcement is submitted with respect to * Announcement is submitted by * Designation * Date & Time of Broadcast Announcement No. >> ANNOUNCEMENT DETAILS

QAF LTD 195800035D QAF LTD QAF LTD Lee Woan Ling Company Secretary 30-Nov-2007 17:13:30 00046

The details of the announcement start here ...

Date of Appointment * Name * Age * Country of principal residence * Whether appointment is executive, and if so, area of responsibility * Job Title Working experience and occupation(s) during the past 10 years *

01-12-2007 Daniel Halim 28 Singapore Appointment is non-executive Non-executive/Non-independent director Mr Daniel Halim holds the post of Business Development Manager in Culindo Livestock (1994) Pte Ltd ("Culindo Livestock") since 2 August 2004. Culindo Livestock is a company whose principal activity is that of importer and supplier of live pigs to Singapore. Mr Daniel Halim is deemed interested in 84,943,647 shares representing 18.84% of the issued shares of the Company by virtue of his shareholding interest in Tian Wan Enterprises Company Limited ("Tian Wan Enterprises"), a company that holds 18.84% of the issued shares of QAF Limited ("the Company"). Mr Daniel Halim is the son of Mr Andree Halim, director cum vice-chairman of the Company and a substantial shareholder of the Company having a total (direct and deemed) interest of approximately 60.42% of the issued shares of the Company.
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Shareholding * in the listed issuer and its subsidiaries *

Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * Conflict of interest *

Save as above disclosed in respect of his family relationship with the director/ substantial shareholder of the Company and his deemed interest in the issued shares of the Company through Tian Wan Enterprises, there is no known conflict of interest.

>> OTHER DIRECTORSHIP#

Past (for the last five years) Present

Hong Kong Peaktop International Holdings Ltd Singapore Tian Wan Pte Ltd Tian Wan Investments Pte Ltd Hong Kong Tian Wan Enterprises Company Limited British Virgin Islands Perfect Team Investments Ltd Tian Wan Holdings Ltd Western Shares Holdings Ltd Yinfu International Company Ltd China Fujian Century Yinfu Food & Oil Industry Co Ltd

>> INFORMATION REQUIRED UNDER RULE 704(7)(H)

(a)*

Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? Whether there is any unsatisfied judgement against him? Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose? Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)?

No

(b)*

No

(c)*

No

(d)*

No

(e)*

No

(f)*

No

(g)*

Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or (ii) any corporation or partnership which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during the period when he was so concerned with the corporation or partnership?

No

(h)*

No

(i)*

No

(j)*

No

Footnotes

Mr Daniel Halim is a Business Administration graduate (Major in Finance) and has worked since August 2004 as the Business Development Manager of Culindo Livestock, his said academic qualification and work experience would be useful in contributing to the effectiveness of the Board of the Company. Mr Daniel Halim also has prior experience as a director of a listed company, having served as a non-executive director of a public company listed in Hong Kong Stock Exchange, namely Peaktop International Holdings Ltd from July 2005 to March 2007. The proposal to nominate Mr Daniel Halim as a director was made by Mr Andree Halim (the substantial shareholder having a total interest of approximately 60.42% in the Company) to the Board for its consideration. The Nomination Committee and the Board of the Company (with Mr Andree Halim abstaining from participation and voting) are of the view that the appointment of Mr Daniel Halim is appropriate in that he has the requisite qualification and experience to contribute to the workings of the Board and that his appointment would serve to introduce new blood to the Board.

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