The note holders of Sino-Forest Corporation agreed to acquire substantially all assets of Sino-Forest Corporation on March 30, 2012. As on December 3, 2012, the transaction was approved by the creditors of Sino-Forest and Ontario Superior Court of Justice approved the transaction on December 10, 2012. As on December 10, 2012, the transaction is expected to be completed by no later than January 15, 2013. Houlihan Lokey, Inc. acted as a financial advisor to Sino-Forest Corporation. FTI Consulting Canada, Inc. acted as a court appointed monitor to Sino-Forest Corporation. Gowling Lafleur Henderson LLP acted as a legal advisor to FTI Consulting Canada, Inc. Koskie Minsky LLP and Siskinds LLP acted as legal advisors to creditors. Goodmans LLP, Hogan Lovells LLP and Hogan Lovells and Conyers, Dill & Pearman LLP acted as legal advisors to note holders. Moelis & Company and Moelis and Company Asia Limited acted as financial advisors to note holders.

The note holders of Sino-Forest Corporation completed the acquisition of substantially all assets of Sino-Forest Corporation on January 30, 2013.