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China Forestry Holdings Reports Extension of the Expiration Date for Pending Tender Offer for Senior Notes Due 2015 and Related Consent Solicitation

February 28, 2014

China Forestry Holdings Co. announced the further extension of the Expiration Date for its previously announced tender offer to purchase for cash any and all of its outstanding 10.25 percent Senior Notes due 2015 and related consent solicitation.

The tender offer and consent solicitation are subject to the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated November 22, 2013, as amended.

According to a release, the previously announced Expiration Date for Notes validly tendered pursuant to the tender offer and consent solicitation has been extended to 11:59 p.m., New York City Time, on March 24, (unless further extended or earlier terminated). Notes that are validly tendered prior to such time pursuant to the tender offer and consent solicitation and accepted for purchase will be entitled to receive the Tender Offer Consideration. As of 5 p.m., New York City Time, on February 24, $103,344,000 aggregate principal amount of the Notes, representing 66.58 percent of the outstanding Notes not held by the company, had been tendered.

The consents received to date, unless withdrawn, are sufficient to approve the proposed amendments to the indenture relating to the Notes, which amendments would eliminate most of the restrictive covenants and certain other related provisions (including certain events of default) of the indenture or make such covenants less restrictive.

Aside from the extension of the Expiration Date, all other terms and conditions of the tender offer and consent solicitation remain unchanged. The Early Consent Deadline expired on December 6, 2013. Any Notes tendered after the Early Consent Deadline will be entitled to receive only the Tender Offer Consideration.

The tender offer and consent solicitation are conditioned upon the satisfaction of certain conditions, including the company's receipt of funds from one or more financings sufficient to pay the Tender Offer Consideration with respect to the Notes. Subject to applicable law, the company may also terminate the tender offer and consent solicitation at any time before the Expiration Date in its sole discretion.

More information:

www.chinaforestryholding.com

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