TORONTO, June 5 /CNW/ - Sino-Forest Corporation ("Sino-Forest") (TSX:TRE
and TRE.S), a leading commercial forestry plantation operator in China,
announced on its May 26 annual general meeting that the company plans to
donate US$2 million in support of the relief and reconstruction efforts in
China's Sichuan province following the devastating earthquake which hit the
country on May 12, 2008.
The donation will specifically be used for the rebuilding of schools,
replacement of education materials and provide monetary support to voluntary
groups offering post-trauma counseling and therapy to treat victims suffering
from this terrible tragedy. The donation will be ear-marked to various
volunteer groups chosen by Sino-Forest who are involved in such efforts.
Currently China has approximately 14,000 psychiatrists and psychologists
serving a population of 1.3 billion. According to recent news reports,
approximately 600,000 people are believed to be in need of psychological
treatment in Sichuan province and, if not treated, could impact longer-term
community recovery efforts.
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, wood logs, and
complementary manufacturing of downstream engineered-wood products. The
Corporation's common shares have traded on the Toronto Stock Exchange under
the symbol TRE since 1995.
For further information:
For further information: SINO-FOREST CORPORATION: Toronto: Dave Horsley
- Senior Vice President & Chief Financial Officer, Tel: (905) 281-8889, Email:
firstname.lastname@example.org; Hong Kong: Louisa Wong - Senior Manager, Investor
Communications & Relations, Tel: +852 2514-2109, Email: