Sino-Forest Corp.

(TSX:TRE) > Corporate Structure Tree

Report Criteria
Relationship Types Current Subsidiaries/Operating Units
Sino-Forest Corp. (TSX:TRE)
Parent Company | % Owned: -
LTM Total Revenues (USD MM): 1,923.54 | LTM Net Income (USD MM): 395.43 | LFQ Total Debt (USD MM): 1,901.31
Headquarters: Mississauga, Ontario | Canada

Greenheart Group Limited (SEHK:94)

Current Subsidiary/Operating Unit | % Owned: 58.8
LTM Total Revenues (HKD MM): 53.69 | LTM Net Income (HKD MM): -79.71 | LFQ Total Debt (HKD MM): 506.01
Headquarters: Wanchai | Hong Kong

Barnet Consultancy Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: British Virgin Islands

Beach Paradise N.v.

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Suriname

Dynasty Forestry Industy N.V.

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Suriname

Greenheart Resources (hong Kong) Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: British Virgin Islands

Greenheart Resources Holdings Limited

Current Subsidiary/Operating Unit | % Owned: 60.4
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Wan Chai | Hong Kong

Octagon International N.V.

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Paramaribo | Suriname

Hai Yang Investment Limited

Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Road Town, Tortola | British Virgin Islands

Hing Lee (HK) Holdings Limited (SEHK:396)

Current Subsidiary/Operating Unit | % Owned: 51.2
LTM Total Revenues (HKD MM): 506.69 | LTM Net Income (HKD MM): 40.00 | LFQ Total Debt (HKD MM): 83.96
Headquarters: Shenzhen, Guangdong Province | China

Dongguan Super Furniture Company Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: China

Hander International Limited

Current Subsidiary/Operating Unit | % Owned: 78.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Hong Kong

Hing Lee (China) Company Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: China

Shenzhen Xingli Zundian Furniture Company Limited

Date Created: Jun-05-2011 Page 1 of 3

Sino-Forest Corp. (TSX:TRE) > Corporate Structure Tree

Current Subsidiary/Operating Unit | % Owned: -

LTM Total Revenues (MM): 5.46 | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: China

Hing Lee Furniture Group Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Hong Kong

Sharp Motion Worldwide Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: British Virgin Islands

Shenzhen Xingli Furniture Co., Ltd.

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): 21.65 | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Shenzhen, Guangdong Province | China

Jianxi Guangsi Forest Development Company Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: China

Mega Harvest International Limited

Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: British Virgin Islands

Superb Able Industrial Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: British Virgin Islands

Top Wood Holdings Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: British Virgin Islands

Vista Marine Services N.V

Current Subsidiary/Operating Unit | % Owned: 60.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Suriname

Guangdong Jiayao Wood Products Development Co, Ltd.

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: China

Homix Limited
Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: China

Guangzhou Panyu Dacheng Wood Co., Ltd.

Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Guangzhou, Guangdong Province | China

Jiangsu Dayang Wood Co., Ltd.

Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Jiangsu, Jiangsu Province | China

Mandra Forestry Holdings Ltd.

Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Anhui Province | China

Mandra Forestry Finance Limited

Current Subsidiary/Operating Unit | % Owned: -

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Sino-Forest Corp. (TSX:TRE) > Corporate Structure Tree

LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Hong Kong

NZ Forestry Holding Company Limited

Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: New Zealand

MFV Limited
Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Auckland | New Zealand

Sino-Capital Global Inc.

Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: British Virgin Islands

Sino-forest Investments Limited

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: British Virgin Islands

Sino-Forest Resources Inc.

Current Subsidiary/Operating Unit | % Owned: -
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: -

Sino-Panel (China) Investments Limited

Current Subsidiary/Operating Unit | % Owned: 100.0
LTM Total Revenues (MM): - | LTM Net Income (MM): - | LFQ Total Debt (MM): -
Headquarters: Guangzhou, Guangdong Province | China

*denotes proprietary relationship information

Date Created: Jun-05-2011 Page 3 of 3