SECOND INTERIM REPORT OF THE INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS OF SINO-FOREST CORPORATION INDEX OF REDACTED SCHEDULES Tab Description Schedule Redacted? No. 1. Draft Second Interim Report of the Independent Redacted Committee of The Board of Directors of Sino-Forest Corporation (Draft date: Nov. 13, 2011) 2. First Interim Report of the Independent Committee of I.A Redacted The Board of Directors of Sino-Forest Corporation 3. Sino-Forest’s corporate organizational charts II.C No change 4. Chart setting out availability of PRCs in various III.A No change provinces in China 5. Form of opinion which JH has indicated it could III.B No change provide to the IC 6. Chart setting out the differences between SF III.C Redacted transaction volumes and the revenue reported by Suppliers in their SAIC filings 7. PwC’s privileged and confidential report to Osler on IV Redacted the process conducted by PwC on behalf of the IC 8. Summary of the company’s timber holdings as at V No change December 31, 2010 9. Chart showing entities that are part of the SF group of V.A Redacted companies 10. Table summarizing the corporate BVI search results V.A.1 No change for Sino-Forest BVIs 11. Table summarizing the SAIC search results for Sino- V.A.2 No change Forest WFOEs 12. Detailed review of the Master Framework Agreements V.B.4.1 No change and their terms 13. English translation of Gengma Dai Master Framework V.B.4.2 No change Agreement 14. Chart summarising the pricing information for the V.B.5 No change Master Framework Agreements LEGAL_1:22063104.4 Tab Description Schedule Redacted? No. 15. Table showing the supply amounts and the hectares V.B.6 No change actually purchased under Master Framework Agreements 16. List of Yunnan Purchased Plantation Assets as at V.B.6.(c) Redacted December 31, 2010 17. English translation of an example Timber Purchase V.C.4 No change Contract 18. Operating Process that Management indicated in the V.C.6.(b) Redacted MW Response that it followed 19. Form of new Forestry Bureau Confirmations V.C.8.(b) Exclude 20. Forestry Bureau visit summaries V.C.9.1 Redacted 21. Summary of outcome of Forestry Bureau visits V.C.9.2 Redacted 22. Summary of AI and Supplier site visits V.C.11 Redacted 23. Summary chart of Sino-Wood (Non-Mandra) WFOE V.D.2.(f) No change plantation holdings 24. Description of the Globe allegations relating to V.D.4.(b) No change Mandra and the ICs subsequent investigation 25. Photograph of HSBC Letter V.D.4.(d).1 No change 26. English version of HSBC Letter, sent by BJ V.D.4.(d).2 No change 27. Chinese version of HSBC Letter V.D.4.(d).3 No change 28. Relationship Mapping on Yuda Wood and Huang Ran VI.A.2.(a) Redacted 29. Interview Protocol for Suppliers and AIs prepared by VI.A.2.(f) No change the IC Advisors and sent to Allen Chan, Jud Martin and BJ on August 4, 2011 30. Relationship Mapping on AI and Suppliers VI.B.1.1 Redacted 31. J. Fraser Memo to J. Martin regarding AI/Supplier VI.B.1.2 Exclude Payments and AI/Supplier Relationships with the Company 32. Lam Hon Chiu termination documents VI.B.1.(g) No change 33. Ontario Securities Commission investigation IX Exclude LEGAL_1:22063104.4 Tab Description Schedule Redacted? No. 34. Summary of discussion with the Royal Canadian XI Exclude Mounted Police (IMET) LEGAL_1:22063104.4 2. First Interim Report of the Independent Committee of The Board of Directors of Sino-Forest Corporation 3. Sino-Forest’s corporate organizational charts Confidential - For internal reference only Updated for Q1, 2011 Sino-Forest Corporation (Canada) (listed in Toronto) 100% 100% 100% 100% 100% 100% Sino-Wood Partners, Limited Sino-Forest International Sino-Panel Holdings Limited Sino-Global Holdings Inc. Sino Panel Corporation 嘉漢木業集團有限公司 Sino-Capital Global Inc. (Barbados) Corporation (BVI) (BVI) (Canada) (HK) (BVI) (Barbados) (Notes 1) 100% 100% 100% 100% 63.60% 39.61% Sino-Global Management Sinowood Limited Sinowood Holdings Limited Homix Limited Consulting Inc. 100% 100% 100% (Cayman Islands) (Cayman Islands) 恆大控股有限公司 嘉漢林業管理顧問有限公司 (Inactive) (BVI) (BVI) Max Gain Development Limited Greenheart Group Limited 綠森集團有限公司 Grandeur Winway Limited Sinowin Investments Limited (BVI) (Bermuda) (BVI) (BVI) (To be de-registered) 100% 100% 100% (listed in Hong Kong) 嘉漢生物科學有限公司 (Note 2) Sino-Forest Bio-Science 廣州市番禺大成木業有限公司 100% Limited (formerly known as : Guangzhou Panyu Dacheng 江蘇大陽木業有限公司 Jiangsu Dayang Wood Co., Ltd. 100% 60.39% Sino-Two Limited) Wood Co., Ltd. (PRC)(WFOE) 100% 100% (BVI) (PRC)(WFOE) Greenheart Resources 嘉漢楓情（上海）貿易有限公司 北美楓情 上海 商貿有限公司 嘉漢城市生態苗木（蘇州）有限公司 MFV Limtied ( ) Holdings Limtied (New Zealand) Sino-Maple (Shanghai) Sino-Maple (Shanghai) Co., Ltd. Sinowin Plantings (Suzhou) Co., Ltd. (BVI) Trading Co., Ltd. (PRC)(WFOE) (PRC)(WFOE) 100% (PRC)(WFOE) 嘉漢(廣州)林業管理咨詢服務有限公司 100% 100% 嘉漢生物科技(廣州)有限公司 Sino-Global (Guangzhou) Forestry 100% Sino-Biotechnology Management Consulting Inc. 蘇州市綠韻園林工程有限公司 Mangakahia Forest Land Octagon International N.V. (Guangzhou) Limited (PRC) (WFOE) 100% 30% 100% 100% 宜興分公司 Limited (New Zealand) (Suriname) (PRC) (WFOE) 蘇州市悅家園藝設計有限公司 Suzhou City Lvyun Garden 江蘇嘉潤生態苗木有限公司 蘇州市綠韻園林工程有限公司 Suzhou City Yuejia Gardening Engineering Co., Ltd.Yixing Branch Jiangsu Jiarun Plantings Co., Ltd. Suzhou City Lvyun Garden Engineering Co., Ltd. Design Co., Ltd. 100% 100% 100% 100% 100% (PRC Ltd. Co.) (PRC Ltd. Co.) (PRC Ltd. Co.) 蘇州市綠韻園林工程有限公司 Dynamic Profit Sino-Forest Resources Inc. Sino-Wood Trading Limited Sino-Plantation Limited Suri-Wood Inc. Sinowood Finance Limited 西安分公司 Holdings Limited 嘉漢林業資源有限公司 (BVI) 漢木營林有限公司 漢業資源有限公司 (BVI) 宿遷市嘉沭生態苗木有限公司 Suzhou City Lvyun Garden (BVI) (BVI) (HK) (BVI) (Inactive) Suqian Jiashu Plantings Co., Ltd. Engineering Co., Ltd. Xian Branch (PRC Ltd. Co.) 100% Notes:- 100% 100% 100% 100% 100% Ace Supreme International Limited 100% (BVI) Khan Forestry Inc. (1) Please see separate organisation chart for Sino-Panel Group structure. Sino-Forest Sino-Wood (Guangxi) Limited Sino-Wood (Jiangxi) Limited Sino-Wood (Guangdong) Limited Sino-Wood (Fujian) Limited 大汗林業有限公司 Investments Limited 嘉漢木業（廣西）有限公司 嘉漢木業（江西）有限公司 嘉漢木業（廣東）有限公司 嘉漢木業（福建）有限公司 (BVI) (2) Only major subsidiaries of Greenheart Group Limited are included in this chart. (BVI) (HK) (HK) (HK) (HK) Alliance Max Limited (Inactive) 100% (BVI) 100% 100% 100% Trillion Edge Limited Mandra Forestry Holdings Limited 嘉漢林業（中國） 100% (BVI) Amplemax Worldwide (BVI) 投資有限公司 江西嘉昌林業發展有限公司 100% Limited Sino-Forest (China) Jiangxi Jiachang Forestry (BVI) Investments Limited Development Co., Ltd. General Excel Limited (PRC) (WFOE) Mandra Forestry Finance Limited (BVI) Brain Force Limited Glory Billion International 嘉漢林業(河源)有限公司 嘉漢木業(河源)有限公司 100% (BVI) 100% Limited 100% Sino-Forest (Heyuan) Co., Ltd. 100% Sino-Wood (Heyuan) Co., Ltd. (BVI) 100% (PRC) (WFOE) (PRC)(WFOE) 曼圖林業安徽有限公司 曼圖林業湖北有限公司 Prime Kinetic Limited Mandra Forestry Anhui Limited 100% Mandra Forestry Hubei Limited 100% (BVI) (BVI) (HK) 嘉漢林業(蘇州)商貿有限公司 廣西桂嘉林業有限公司 Smart Sure Enterprises 100% Sino-Forest (Suzhou) 100% Guangxi Guijia Forestry Co., Ltd. Poly Market Limited 100% Limited 100% Trading Co., Ltd (PRC) (WFOE) 100% (BVI) (BVI) 安慶曼圖林業有限公司 (PRC) (WFOE) 黃岡曼圖林業有限公司 Anqing Mandra Forestry Limited 100% Huanggang Mandra Forestry (PRC)(WFOE) Limited Value Quest International Limited (PRC) (WFOE) 嘉漢林業(陽江)有限公司 高要嘉耀林業發展有限公司 100% (BVI) 100% Sino-Forest (Yangjiang) Co., Ltd. 100% Gaoyao Jiayao Forestry Expret Bonus Investments (PRC) (WFOE) Development Co., Ltd. 100% Limited 安慶曼圖林業有限公司 安慶曼圖林業有限公司 安慶曼圖林業有限公司 (PRC) (WFOE) Well Keen Worldwide Limited (BVI) 桐宜枞分公司 太宿望分公司 潜怀岳分公司 宜黃曼圖林業有限公司 100% (BVI) Anqing Mandra Forestry Anqing Mandra Forestry Anqing Mandra Forestry Yihuang Mandra Forestry Limited Limited, Tong Yi Zong Branch Limited, Tai Su Wang Branch Limited, Qian Huai Yue Branch 100% (PRC)(WFOE) 嘉漢林業(廣州)有限公司 漳州嘉閩林業發展有限公司 100% Sino-Forest (Guangzhou) Co., Ltd. 100% Zhangzhou Jiamin Forestry Cheer Gold Wolrdwide Limited 曼圖林業 (江西) 有限公司 (PRC) (WFOE) Development Co., Ltd. 100% (BVI) Mandra Forestry (Jiangxi) Limited 100% 宣城曼圖林業有限公司 (PRC) (WFOE) 100% Express Point Holdings (PRC)(WFOE) 100% Xuancheng Mandra Forestry Limited Limited (PRC)(WFOE) 90% Regal Win Capital Limited (BVI) 深圳嘉漢林業科技有限公司 100% (BVI) Shenzhen Sino-Forest Science and 曼圖林業 (江西) 有限公司 曼圖林業 (江西) 有限公司 曼圖林業 (江西) 有限公司 曼圖林業 (江西) 有限公司 曼圖林業 (江西) 有限公司 資溪曼圖林業有限公司 Technology Co., Ltd. 修水分公司 瑞金分公司 寧都分公司 南平分公司 連城分公司 92% Zixi Mandra Forestry Limited (PRC Ltd. Co) Harvest Wonder Worldwide Limited Mandra Forestry (Jiangxi) Mandra Forestry (Jiangxi) Mandra Forestry (Jiangxi) Mandra Forestry (Jiangxi) Mandra Forstry (Jiangxi) (PRC) (EJV) 100% (BVI) Limited, Xiushui Branch Limited, Ruijin Branch Limited, Ningdu Branch Limited, Nanping Branch Limited, Liancheng Branch 嘉汉林业（普洱）有限公司 蕪湖曼圖林業有限公司 100% Sino-Forest (Pu'er) Co., Ltd. Rich Choice Worldwide Limited 100% Wuhu Mandra Forestry Limited (PRC)(WFOE) 100% (BVI) (PRC)(WFOE) Confidential - For internal reference only Updated for Q1, 2011 Sino-Forest Corporation (Canada) (listed in Toronto) 100% Sino-Panel Holdings Limited (BVI) 100% Sino-Panel (Asia) Inc. (BVI) 100% 100% 100% 100% 100% 100%100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 嘉漢板業（中國）投資有限公司 Sino-Panel (Guangxi) Limited Sino-Panel (Yunnan) Limited Sino-Panel (North East China) Sino-Panel [Xiangxi] Limited Sino-Panel [Hunan] Limited SFR (China) Inc. Sino-Panel [Suzhou] Limited Sino-Panel (Gaoyao) Ltd. Sino-Panel (Guangzhou) Limited Sino-Panel (North Sea) Sino-Panel (Guizhou) Sino-Panel (Huaihua) Sino-Panel (Qinzhou) Limited Sino-Panel (Yongzhou) Sino-Panel (Fujian) Sino-Panel