The Board of China Wood International Holding Co., Limited announced that, Asia Pacific Forestry Development (HK) Limited an indirect wholly-owned subsidiary of the Company, has recently entered into a strategic cooperation agreement with Qingdao Hisense Real Estate Co. Ltd. Pursuant to the Strategic Cooperation Agreement, Asia Forestry, through its wholly-owned subsidiary to be incorporated in the People's Republic of China (the "PRC"), will supply finished furniture, semi-finished furniture and other wood products including wood construction moulding, wood flooring, doors and window frames and provide technical and processing as well as after-sale services to Hisense.