China Grand Forestry Green Resources Group Limited announced that Mr. Ng Leung Ho has resigned as an executive director, the Chairman of the Board, and authorised representative in order to pursue other personal development and business opportunity; Ms. Cao Chuan has resigned as an executive director, the Deputy Chairman of the Board and the Chief Executive Officer in order to concentrate on the daily business of certain subsidiaries of the Company (Ms. Cao has been redesignated as the Chief Technical Officer); Ms. Lee Ming Hin has resigned as an executive director in order to concentrate on the daily business of certain subsidiaries of the company; Mr. Cheung Wai Tak has resigned as an executive director in order to pursue other personal development and business opportunity; Mr. Cheng Shouheng has resigned as an executive director in order to concentrate on the daily business of certain subsidiaries of the company (Mr. Cheng has been redesignated as the Chief Operation Officer); Mr. Sun Yan has resigned as an executive director in order to pursue other personal development and business opportunity; Mr. Lo Cheung Kin has resigned as an independent non-executive director, Chairman of the Remuneration Committee and a member of each of the Audit Committee, Remuneration Committee and Nomination Committee in order to pursue other personal development and business opportunity; Mr. Zou Zi Ping has resigned as an independent non-executive director, Chairman of the Nomination Committee and a member of each of the Audit Committee, Remuneration Committee and Nomination Committee in order to pursue other personal development and business opportunity; Mr. Tse On Kin, currently an executive director, has been appointed as the Chairman of the Board; Dr. Wong Yun Kuen, currently an independent non-executive director and a member of the Nomination Committee, has been appointed as the Chairman of the Nomination Committee; and Mr. Chan Chi Yuen, currently an independent non-executive director and a member of the Remuneration Committee, has been appointed as the Chairman of the Remuneration Committee.

The board of directors of China Grand Forestry Green Resources Group Limited announced that Mr. Tse On Kin has been appointed as an executive director of the company with effect from September 18, 2009. Mr. Tse On Kin, aged 47, has over 20 years of experience in corporate planning, restructure, business development, project injection, merger and acquisition. The Board also announces that Dr. Wong Yun Kuen and Mr. Chan Chi Yuen have been appointed as independent non-executive directors, and members of the audit committee, nomination committee and remuneration committee of the Company with effect from September 18, 2009. Dr. Wong Yun Kuen, aged 52, received his Ph.D. degree from Harvard University. Dr. Wong has worked in financial industries in the United States and Hong Kong for more than 10 years, and has considerable experience in corporate finance, investment and derivative products. Mr. Chan Chi Yuen, aged 43, holds a bachelor degree with honours in Business Administration and a Master of Science degree in Corporate Governance and Directorship. Mr. Chan is currently an executive director of Kong Sun Holdings Limited and an independent non-executive director of China Sciences Conservational Power Limited, Premium Land Limited, Hong Kong Health Check and Laboratory Holdings Company Limited, Superb Summit International Timber Company Limited and Richly Field China Development Limited.

China Grand Forestry Green Resources Group Limited, Annual General Meeting, Sep 16, 2009, at 11:00 CCT-China Coast, USSR Zone 7. Location: Units 3307­11, 33rd Floor, West Tower, Shun Tak Centre, 168­200 Connaught Road Central, Hong Kong. Agenda: to receive and consider the audited consolidated financial statements and reports of the directors and auditors for the year ended 31 March 2009; to re-elect retiring directors and to authorise the board of directors to fix the directors' remuneration; to appoint BDO Limited as auditors of the Company and to authorise the board of directors to fix their remuneration; To approve the exercise by the directors of the company during the Relevant Period of all the powers of the company to allot, issue and deal with additional shares of HKD 0.10 each in the capital of the company, or securities convertible into shares of the company, or options, warrants, or similar rights to subscribe for any shares of the company, and to make or grant offers, agreements and options which would or might require the exercise of such powers be and the same is hereby generally and unconditionally approved.