China Forestry Holdings Co., Ltd. Announces Extension of the Expiration Date for Its Pending Tender Offer for Any and All of Its

 China Forestry Holdings Co., Ltd. Announces Extension of the Expiration Date
 for Its Pending Tender Offer for Any and All of Its 10.25% Senior Notes Due
                    2015 and Related Consent Solicitation

PR Newswire

HONG KONG, Dec. 23, 2013

HONG KONG, Dec. 23, 2013 /PRNewswire/ --China Forestry Holdings Co., Ltd.
(HKSE: 930) announced today the extension of the Expiration Date for its
previously announced tender offer to purchase for cash any and all of its
outstanding 10.25% Senior Notes due 2015 (the "Notes") 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 November22, 2013, as amended (the "Offer to
Purchase").

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 January 22, 2014 (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 11:59 p.m., New York
City Time, on December 20, 2013, $83,377,000 aggregate principal amount of the
Notes, representing 53.7% 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The consents received to date, unless withdrawn, are sufficient to approve the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.

The information agent and tender agent is Bondholder Communications Group,
LLC. Copies of the Offer to Purchase are available by contacting Bondholder
Communications Group, LLC at (212) 809-2663 in the United States or +44 (0) 20
7382 4580 in London.

This press release does not constitute an offer to sell or purchase, or the
solicitation of an offer to sell or purchase, or the solicitation of tenders
or consents with respect to the Notes.

The tender offer and consent solicitation for the Notes are only being made
pursuant to the Offer to Purchase that the company has distributed to holders
of the Notes. The tender offer and consent solicitation are not being made to
holders in any jurisdiction in which the making or acceptance thereof would
not be in compliance with the securities, blue sky or other laws of such
jurisdiction.

About China Forestry Holdings Co., Ltd.

China Forestry Holdings Co., Ltd., together with its subsidiaries (the
"Group"), has operations in the People's Republic of China focused on forest
resources and timber log processing. The Group has grown to become one of the
key players in China's forestry industry. Its principal business comprises
sustainable upstream forest management and the harvesting and sale of
high-quality timber logs to meet rising demand in the domestic market in
China. For more information, visit www.chinaforestryholding.com.

Forward-Looking Statements

Certain information contained in this press release constitutes
forward-looking statements, including the statements regarding the timing and
settlement of the tender offer and consent solicitation. These statements
relate to future events and can generally be identified by words such as
"may," "expects" and "intends." Forward-looking statements are inherently
uncertain. The success of the tender offer and consent solicitation is subject
to a number of conditions, including the financing condition described in the
Offer to Purchase, not all of which are within the company's control. In
addition, any forward-looking statements speak only as of the date such
statements are made. While the company may elect to update forward-looking
statements at some point in the future, the company specifically disclaims any
obligation to do so.

SOURCE China Forestry Holdings Co., Ltd.

Website: http://www.chinaforestryholding.com
 
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