Aug 21, 2007. /Lesprom Network/. Sino-Forest Corporation, a leading commercial forestry plantation operator in China, is pleased to announce the appointment of Peter Wang Donghong to its board of directors.
Mr. Wang, 55, is of mainland Chinese nationality and has over 30 years experience in Sino-foreign projects and business affairs, predominantly related to petrochemical and mining industries, as well as wood-based panel industries. He was involved in a number of pioneering projects when China first opened up its foreign policies back in the late 70s. He was member of the Formulation Committee of Chinese-foreign Contract, Guangdong Province. Mr. Wang was also member of the delegation team traveling with China Premier Wen Jiabao to India in 2005 to execute contracts and projects related to highway and power stations, and to expand on China-India bilateral trade and economic cooperation.
Mr. Wang is currently managing director of Hong Kong Resource Power Development Limited, importing machinery equipments into China. He also serves as senior commercial consultant of Zijin Copper, a subsidiary of Zijin Mining Group, a Hong Kong listed company, and of China Far East International Trading Company, one of China's top 5 import and export companies.
"Peter's distinctive background and nationwide contacts accumulated over several decades working for numerous state-owned enterprises will immensely benefit Sino-Forest, especially in regard to his valuable network and knowledge of protocol for working with mainland Chinese officials. We are delighted to have Peter joining us an independent director, which will further strengthen our Board and corporate governance," said Allen Chan, Chairman and CEO of Sino-Forest Corporation.
Mr. Wang graduated from the Faculty of English at Guangdong University of Foreign Studies and with a second foreign language from Beijing University of Foreign Studies.
Sino-Forest Corporation is a leading commercial forestry plantation operator in China. The Canadian company started its operations in 1994 and was the first foreign and privately managed operator involved in forest products in China. Its principal businesses include the ownership and management of forestry plantation trees and sales of standing timber, logs and wood chips, and complementary manufacturing of downstream engineered-wood products. The corporation's common shares trade on the Toronto Stock Exchange since 1995.