The board of China Wood International Holding Co., Limited announced that, China Wood Green Resources (Shenzhen) Co., Limited (CWGreen) entered into a strategic cooperation agreement with Shenzhen Eternal Asia Supply Chain Co. Ltd. (Eternal Asia). Pursuant to the Strategic Cooperation Agreement, Eternal Asia will increase and broaden the purchase of finished furniture, semi-finished furniture and other wood products from CWGreen; and CWGreen will provide technical and processing as well as after-sales services to Eternal Asia.

Reasons For And Benefits Of The Strategic Cooperation: The entering into of the Strategic Cooperation Agreement will broaden and deepen the market and products of the Group's wood products. The Board is of the view that this strategic cooperation with Eternal Asia is in line with the Group's future development strategies and operational needs and is in the interest of the Company and its shareholders as a whole.