X0203 3 2011-06-14 0 0000805729 CHINA FORESTRY INC CHFY.OB 0001525351 LI BIN ECONOMIC DEV. ZONE OF HANGZHONG CITY, SHAAN'XI PROVINCE, PR OF CHINA F4 1 Common Stock 57600000 D The shares were held in escrow from the Closing Date on July 15, 2010 until June 14, 2011 and were released upon the termination of the variable interest entity contracts and the creation of an indirect subsidiary relationship between CHFY and Hengtai. Therefore, the shares were beneficially owned by Mr. Li as of June 14, 2011. Bin Li is the beneficial owner of 40,000,000 shares of Common Stock, and a 40% interest in the principal amount of a $1.0 million convertible promissory note, which entitles him to convert his principal amount into 17,600,000 shares of Common Stock. /s/ Bin Li 2011-07-11