The board of directors of Sustainable Forest Holdings Limited announced that Mr. Liu Shun Chuen and Mr. Yeung Sau Chung have been appointed as Executive Directors of the company with effect from 5 June 2015. Mr. Liu Shun Chuen has more than 15 years experience in property development and investment in Hong Kong and the PRC. Mr. Liu will be responsible for the overall corporate strategy of the company.

Mr. Liu was an Executive Director of Qingdao Holdings International Limited and resigned on 27 September 2014. Mr. Yeung Sau Chung has more than 20 years experience in research and analysis of investment portfolios and in risk management. Mr. Yeung will be responsible for the overall management of the company.

Mr. Yeung was an executive director of Qingdao Holdings International Limited and resigned on 20 November 2014.