Guangzhao Industrial Forest Biotechnology Group Limited

Press Release – For Immediate Release

SGX-LISTED GUANGZHAO ANNOUNCES APPOINTMENT OF

FOUR NEW DIRECTORS
Singapore – 21 April 2009 – SGX Mainboard-listed Guangzhao Industrial Forest
Biotechnology Group Limited (光兆工业森林生物科技集团有限公司) (“Guangzhao” or the
“Group”), a leading producer of fast-growing plantlets including poplar, Oriental Fir, tropical fruits
and Jatropha Curcas, announced today that it has appointed a new executive director and three
independent directors with effect from 25th April 2009.

Mr Oh Yong Hui, who has worked for LabOne Singapore Pte Ltd, Expressway Logistics Pte Ltd
and JL Supply Chain International Pte Ltd as Chief Financial Officer, was appointed Executive
Director. Prior to these appointments, Mr Oh was Sales Team Manager from 2002 to 2008 at
direct selling company WBG Network (Singapore) Pte Ltd and he was one of the key personnel
who spearheaded WBG’s expansion into Malaysia, Indonesia and Thailand. Mr Oh graduated
with a Bachelor degree in accounting from Nanyang Technological University in 1998.

The three independent directors are Mr Tang Chi Loong, Mr Foo Teck Leong and Mr Tan Chin
Lee.

Mr Tang Chi Loong, is a practising lawyer with over 13 years of experience. He is currently a
partner at law firm Hin Tat Augustine and Partners and has been an Independent Director of
Singapore-listed HLN Tech Ltd since 2006. Mr Tang graduated from the National University of
Singapore with a Bachelor of Laws in 1994.

Mr Foo Teck Leong currently manages a business consultancy firm and is a director of several
privately held companies. He held senior positions in Hong Kong-listed IDS Group Limited and
Singapore’s Inchcape Marketing Services Limited from 1994 to 1999 and received his Bachelor
degree in Accounting in 1989 from the National University of Singapore. He went on to complete
a Master in Business Administration from Manchester Business School in 2002.

Further to their appointments, Mr Tang will assume the role of Chairman of the Remuneration
Committee and Nominating Committee while Mr Foo Teck Leong will be appointed as the
Chairman of Audit Committee.

Mr Tan Chin Lee is currently the Senior Accounts Director at Professional Public Relations Pte
Ltd. He has extensive experience in public relations consultancy and journalism through his
tenure with various media firms including Mediacorp News, Forbes Zibenjia (资本家), Lianhe
Zaobao, Miri News, WeR1 Consultants Pte Ltd and i.MAGE Public Relations Pte Ltd. Mr Tan
graduated from the National Chengchi University of Taiwan in 1984 with a Bachelor of Arts
majoring in Western Languages and Literature.

Apart from the four new appointments, the other members of Guangzhao’s Board of Directors
include Ms Su Min (Executive Director and Chairman), Mr Song Xue Meng (Executive Director
and CEO) and Mdm Sun Shu Shen (Executive Director and Deputy CEO).

Guangzhao’s Chief Executive Mr Song Xuemeng said, “On behalf of the Group, I would like to
welcome all new board members. These new directors brings with them some unique skill sets
such as legal, accounting, marketing and public relations. I believe that by working together with
the existing Executive Directors, they would be able to help steer the Group away from the
challenges that it is currently facing.”

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Issued on behalf of Guangzhao Industrial Forest Biotechnology Group Limited

Media Contact Info

WeR1 Consultants Pte Ltd
29 Scotts Road
Singapore 228224
Tel : (65) 6737 4844
Fax : (65) 6737 4944
Yim Jeng Yuh, yimjy@wer1.net, Gary Goh, garygoh@wer1.net

About Guangzhao Industrial Forest Biotechnology Group Limited

Based in Shanghai, China, Guangzhao is engaged in the tissue-culture and propagation of

plantlets and saplings, of which its main product is the Guangzhao Fast-Growing Poplar. This
unique poplar is able to grow at twice the normal rate and can also thrive in conditions where
the soil is arid or saline. Currently, its tissue-cultured poplar is planted in over 18,600 hectares
spread across eight provinces in China for eventual harvest and sale for the pulp or timber
industries.

Building upon its successful commercialisation of tissue-culture for poplar trees, the Group has
in recent years begun supplying plantlets and saplings for other plant species both within China
and Southeast Asia. These include Jatrophas Curcas, orchids, tropical fruit such as banana and
non-poplar trees such as the Oriental Fir. Established in 1999, Guangzhao was listed on the
Singapore Exchange in July 2004. The Group’s founders believe that tissue-culture of plants will
not only yield commercial rewards for its shareholders and other stakeholders, but will also
contribute positively to environmental preservation.