The board of directors of Sustainable Forest Holdings Limited, together with its subsidiaries, announced that Mr. William Keith Jacobsen has been appointed as independent non-executive director of the company and Ms. Zhou Jing and Mr. Mung Wai Ming have been appointed as executive directors of the company and with effect from 4 January 2013. Mr. Jacobsen, aged 46, is the managing director of a licensed corporation to advise on corporate finance matters. Mr. Jacobsen has more than 20 years of experience in corporate finance and business development.

He is an executive director of Auto Italia Holdings Limited (formerly as Wo Kee Hong (Holdings) Limited) and is also an independent non-executive director of Hycomm Wireless Limited, abc Multiactive Limited and Perception Digital Holdings Limited. He was also an independent non-executive director of King Stone Energy Group Limited for the period from September 26, 2008 to September 30, 2011. Ms. Zhou worked in an imports and exports company responsible for foreign trade accounting.

Ms. Zhou has also joined an accountant firm as a shareholder and carries out her duties in auditing and asset valuation. Ms. Zhou has more than 10 years' experience in international trade accounting and corporate financial management. Ms. Zhou was an executive director of Yun Sky Chemical (International) Holdings Limited (currently known as King Stone Energy Group Limited), and resigned in February 2010.

Mr. Mung, 49, has more than 20 years' experience in property and car park management. He has accumulated extensive concept in the operation management from his operation in different industries. Mr. Mung worked in various industries including property trading, financing, wedding witnesses, club management, car park operation and foot massage etc.

Mr. Mung is the chairman of Eli Car Park Ltd. and director of Pure Massage Group Ltd. He devotes himself in charity and was elected as the member of the sixth standing committee of the Overseas Congress of Yue Xiu District of Guangzhou, member of the forth standing committee of the Overseas Congress of Qingxin District of Qingyuan, member of Friends of Qing Yuan Association (H.K.) Ltd. and founding chairman of International Industry and Commerce Experts Association Ltd.