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GreenWood Resources China Announces the Establishment of Branch Office in Jiangxi, China

Fri, 04/22/2011

For immediate release
4 April 2011

GREENWOOD RESOURCES CHINA ANNOUNCES THE ESTABLISHMENT OF BRANCH OFFICE IN JIANGXI, CHINA

Beijing, China – April 22, 2011 – GreenWood Resources China, Ltd. (“GWR China”) is pleased to announce the establishment of GreenWood Resources (Beijing) Forestry Co., Ltd. Jingdezhen Branch (“GWR JDZ”) in Jiangxi China and the introduction of Mr. Jinzhong Ma as the new General Manager of the branch office. The new organization provides on the ground property management and crop care services to approximately 6,700 ha (100,000 mu) of forestry assets recently acquired by Green China (Jiangxi) Forestry Co., Ltd (“GCJ”). GWR JDZ employs 60 forestry professionals in Jingdezhen and manages 200-300 subcontractors and farmers to carry out planting, silviculture, resin tapping and harvesting operations. As of April 20, GWR has completed the reforestation of 5,000 mu of forest sites that were harvested in 2010.

“This is a demonstration of GWR’s commitment to provide world class management services to our investors. As we take a more active role in all aspects of the property management and crop care oversight it is critically important to add in-province resources to create investment grade assets. Mr. Ma is a seasoned and senior forester who has managed several large forest companies in China, and he will be working in partnership with our China and global operations groups and provide excellent in-province execution capabilities.” said Brian Liu, Vice President and General Manager of GWR China and General Manager of GCJ.

Contact:
Brian Liu
Vice President and General Manager
GreenWood Resources China, Ltd.
[email protected]

About GreenWood Resources China, Ltd.
GreenWood Resources China, Ltd. (“GWR China”) is a subsidiary of GreenWood Resources, Inc. (“GWR”). GWR is a global company focused on the development and management of high yield fast growing tree farm assets and has operations in North America, South America, Europe and Asia. GWR’s core competencies – capital/investment management, superior plant material, tree improvement methodologies, tree farm operations and sales and marketing – uniquely address the broad skills required to produce superior, risk-adjusted returns for investments into intensively managed tree farms. (www.greenwoodresources.com & www.gwrglobal.cn)

About Green China (Jiangxi) Forestry Co., Ltd
Green China (Jiangxi) Forestry Co., Ltd (“GCJ”) is a wholly owned subsidiary of Green China Forestry Co., Limited (“GCFC”). GCFC is a joint venture between Phaunos Timber Fund Limited (www.phaunostimber.com) and GWR China. GWR China and its China subsidiaries are the company and property managers of GCFC group of companies.

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