The Board of Directors of Sustainable Forest Holdings Limited announced that Mr. William Keith Jacobsen resigned as an Independent Non-executive Director of the company as he needs to devote more time to his other personal engagements and Mr. Chiang Bun has been appointed as an Independent Non-executive Director of the Company, both with effect from 29 December 2017. Mr. Chiang has held senior roles in various international banks and financial institutions, primarily responsible for structured debt and/or equity financing. Mr. Chiang has extensive experience in the banking and finance industry. Mr. Chiang is an independent non-executive director of Enviro Energy International Holdings Limited and was an independent non-executive director of Burwill Holdings Limited until 2 July 2015. Following the resignation of Mr. Jacobsen as an Independent Non-executive Director of the Company, Mr. Jacobsen ceased to be the Chairman of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 29 December 2017; Following the appointment of Mr. Chiang as an Independent Non-executive Director of the Company, Mr. Chiang has been appointed as the Chairman of the Remuneration Committee and a member of the Audit Committee and the Nomination Committee with effect from 29 December 2017; and Mr. Yam Kwong Chun an Independent Non-executive Director of the Company, has been appointed as the Chairman of the Audit Committee and the Nomination Committee with effect from 29 December 2017.