TORONTO, Aug. 21 /CNW/ - Sino-Forest Corporation (TSX:TRE and TRE.S), a
leading commercial forestry plantation operator in China, is pleased to
announce the appointment of Peter Wang Donghong to its Board of Directors.
Mr. Wang, 55, is of mainland Chinese nationality and has over 30 years
experience in Sino-foreign projects and business affairs, predominantly
related to petrochemical and mining industries, as well as wood-based panel
industries. He was involved in a number of pioneering projects when China
first opened up its foreign policies back in the late 70s. He was member of
the Formulation Committee of Chinese-foreign Contract, Guangdong Province. Mr.
Wang was also member of the delegation team traveling with China Premier Wen
Jiabao to India in 2005 to execute contracts and projects related to highway
and power stations, and to expand on China-India bilateral trade and economic
Mr. Wang is currently Managing Director of Hong Kong Resource Power
Development Limited, importing machinery equipments into China. He also serves
as Senior Commercial Consultant of Zijin Copper, a subsidiary of Zijin Mining
Group, a Hong Kong listed company, and of China Far East International Trading
Company, one of China's top 5 import and export companies.
"Peter's distinctive background and nationwide contacts accumulated over
several decades working for numerous state-owned enterprises will immensely
benefit Sino-Forest, especially in regard to his valuable network and
knowledge of protocol for working with mainland Chinese officials. We are
delighted to have Peter joining us an independent director, which will further
strengthen our Board and corporate governance," said Allen Chan, Chairman and
CEO of Sino-Forest Corporation.
Mr. Wang graduated from the Faculty of English at Guangdong University of
Foreign Studies and with a second foreign language from Beijing University of
About Sino-Forest Corporation
Sino-Forest Corporation is a leading commercial forestry plantation
operator in China. The Canadian company started its operations in 1994 and was
the first foreign and privately managed operator involved in forest products
in China. Its principal businesses include the ownership and management of
forestry plantation trees and sales of standing timber, logs and wood chips,
and complementary manufacturing of downstream engineered-wood products. The
Corporation's common shares trade on the Toronto Stock Exchange under the
symbol TRE since 1995.
Please note: This press release contains projections and forward-looking
statements regarding future events. Such forward-looking statements are not
guarantees of future performance of the Company and are subject to risks and
uncertainties that could cause actual results and company plans and objectives
to differ materially from those expressed in the forward-looking statements.
Such risks and uncertainties include, but not limited to, changes in China and
international economies; changes in currency exchange rates; changes in
worldwide demand for the Company's products; changes in worldwide production
and production capacity in the forest products industry; competitive pricing
pressures for the Company's products and changes in wood and timber costs.
For further information:
For further information: DAVE HORSELY, Senior Vice President and Chief
Financial Officer, Tel: (905) 281-8889, Email: firstname.lastname@example.org;
LOUISA WONG, Senior Manager, Investor Communications & Relations, Tel: +852
2514 2109, Email: email@example.com