Richard Chandler Corporation to File Amended Early Warning Report

By The Richard Chandler Corporation, PRNE
Wednesday, December 14, 2011

SINGAPORE, December 15, 2011 -

Following its press release of earlier today entitled “Richard Chandler Corporation Sees New Future for Sino-Forest if Governance Improves”, the Richard Chandler Corporation will be filing an amended Early Warning Report on pursuant to applicable Canadian securities laws.

The Richard Chandler Corporation wishes to confirm that it holds its shares in Sino-Forest for investment purposes only and may, from time to time and at any time, subject to applicable securities laws, acquire additional common shares of Sino-Forest and/or other equity, debt or other securities or instruments (collectively, “Securities”) of Sino-Forest in the open market or otherwise may dispose of any or all of its Securities in the open market or otherwise, at any time and from time to time, and to engage in any hedging or similar transactions with respect to the Securities, in each case subject to applicable securities laws. Without limiting the generality of the foregoing, the Richard Chandler Corporation reserves the right to at any time or from time to time encourage (including, without limitation, through communications with Sino-Forest’s directors and management, existing or potential security holders, investors, lenders or strategic partners, and investment and financing professionals) Sino-Forest to consider or explore (A) sales or acquisitions of assets or businesses, or extraordinary corporate transactions, such as a merger or other reorganization, (B) changes to Sino-Forest’s capitalization or dividend policy or (C) other changes to Sino-Forest’s business or structure, including changes to management and/or the Board of Directors.

About the Richard Chandler Corporation

The Richard Chandler Corporation is a private investment group based in Singapore and founded by New Zealand-born entrepreneur Richard F. Chandler. The Richard Chandler Corporation’s mission, Building Prosperity for Tomorrow’s World, adopts a holistic approach to building sustainable prosperity through investments in financial and social enterprises. Since 1986, the Richard Chandler Corporation has provided capital to companies and governments from Asia and Africa to Latin America and Eastern Europe, and invested in a wide range of industries, such as telecoms, power, steel, banking and energy.

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